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The term "less economically developed country" (LEDC) is also used today. However, in order to avoid confusion between "least developed country" and "less economically developed country" (which may both be abbreviated as LDC), and to avoid confusion with landlocked developing country (which can be abbreviated as LLDC), "developing country" is ...
This is an accepted version of this page This is the latest accepted revision, reviewed on 27 February 2025. Country with a developed economy and infrastructure "Industrial nation" redirects here. For the magazine, see Industrialnation. Not to be confused with Developing country. For the investing classification, see Developed market. Developed countries (IMF) Developing countries (IMF) Least ...
This arrangement is sometimes called neocolonialism, meaning a system in which less-developed countries are taken advantage of by developed countries. It does not necessarily mean that former colonies are still controlled by their former colonizer; it refers to colonial-like exploitation.
The term "Global South", in contrast, was intended to be less hierarchical. [4] Compared to the alternatives, the term has been deemed useful as it constitutes a lens through which this group of countries keep seeing and narrating their problems in a distinctive way vis-à-vis "developed" countries in Europe, North America and Asia. [21]
The Economic vulnerability index is one of the criteria used by the United Nations Committee for Development Policy, [1] an advisory body to the United Nations Economic and Social Council, [2] in the identification of Least Developed Countries. [3] It is a composite of eight indicators: [4] Population size; Remoteness; Merchandise export ...
Countries Seen as Economically Stable With the World Bank forecasting growth of the global economy to slow in 2019 to 2.9 percent, countries that provide economic safe harbors for their citizens ...
The countries within this area are generally the more economically developed. The "South" therefore encompasses the remainder of the Southern Hemisphere, mostly consisting of KFCs. Another possible dividing line is the Tropic of Cancer with the exceptions of Australia and New Zealand.
In world-systems theory, periphery countries are those that are less developed than the semi-periphery and core countries. These countries usually receive a disproportionately small share of global wealth. They have weak state institutions and are dependent on — and, according to some, exploited by — more developed countries.