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Developing countries are countries whose standard of living, income, economic and industrial development remain more or less below average. A further downgrade takes place vis-à-vis the least developed countries of the fourth world.
Brazil, China, India, Indonesia, and Mexico are five examples of countries that are developing. Each boasts a sizable and diverse economy with a high GDP.
The most common way of identifying a country as developing is by using an economic metric, particularly GDP or per capita average income. Researchers using these metrics will identify a cutoff point and designate all countries below that point as “developing.”.
The term low and middle-income country (LMIC) is often used interchangeably with "developing country" but refers only to the economy of the countries. Least developed countries, landlocked developing countries and small island developing states are all sub-groupings of developing countries.
There are currently 45 economies designated by the United Nations as the least developed countries (LDCs), entitling them to preferential market access, aid, special technical assistance, and capacity-building on technology among other concessions.
Developing countries have economies with low gross domestic product per capita and rely more on agriculture. Learn more about developing countries and how they work.
List of maps and figures related to the World Development Report 2021: Data for Better Lives.
Developing countries can benefit from globalization in various ways, such as access to international markets, attracting foreign direct investments (FDI), technology transfer, and the diffusion of knowledge and skills.
More than three-fourths of the world's population live in so-called developing countries: nations that may not have a stable economy, energy supply, or advanced technology, and whose population may lack access to jobs, food, water, education, health care, and housing.
Rework global financial system. UN-OHRLLS. Developing countries need to invest in sectors that reduce poverty and increase resilience, such as job-creation, social protection, food...