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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.
- Zimbabwe
Zimbabwe is a landlocked country in the south-east of...
- Asia
Even Asian parts of Russia are still much larger than any...
- Afghanistan
The country shares its borders with 6 neighboring countries:...
- Democratic Republic of The Congo
The Democratic Republic of the Congo is a country in the...
- Zimbabwe
9 Οκτ 2024 · 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.
A developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. [3] However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category.
Bhutan becomes seventh country to graduate out of Least Developed Country category
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.
The developed countries include the United States, Australia, Canada, Japan, and West European countries (Germany, France, UK, etc, whereas most Asian countries, Russia, Africa, and South America can be given as examples of the developing countries or regions.
For example, for 2022, the World Bank classifies countries and territories whose GNI is $12,696 or higher as High Income economies. Anything below that number would be considered a developing country (though World Bank prefers the terms Upper-Middle Income, Lower-Middle Income, and Low Income).
