Developing country

A developing country is a country with a low income average, a relatively undeveloped infrastructure and a poor human development index when compared to the global norm. The term has tended to edge out earlier ones, including the Cold War-defined "Third World".

Related Topics:
Country - Infrastructure - Human development index - Cold War - Third World

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Development entails developing a modern infrastructure (both physical and institutional), and a move away from low value added sectors such as agriculture and natural resource extraction. Developed countries usually have economic systems based on continuous, self-sustaining economic growth.

Related Topics:
Development - Value added - Agriculture - Natural resource - Developed countries - Economic systems - Economic growth

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The application of the term 'developing country' to all of the world's least developed countries could be considered innappropriate in the cases of a number of poor countries, due to the fact that they are not improving their economic situation as the term implies, but have experienced prolonged periods of economic decline.

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