Lesser-Developed Country - LDC

AAA

DEFINITION of 'Lesser-Developed Country - LDC'

A country that is considered lacking in terms of its economy, infrastructure and industrial base. The population of a lesser-developed country often has a relatively low standard of living, due to low incomes and abundant poverty.

Also referred to as "emerging markets".

INVESTOPEDIA EXPLAINS 'Lesser-Developed Country - LDC'

A lesser-developed country is usually poor, as measured by per capita gross domestic product, and unmodernized. LDCs rely primarily on agriculture as a source of income and industrial practices usually contribute to less than 10% of the nation's GDP.

Many African and Arab nations are considered to be lesser-developed countries.

RELATED TERMS
  1. Middle-Income Countries (MICs)

    Nations with a per-capita gross national income in 2012 between ...
  2. Fourth World

    These are the most underdeveloped regions in the world. The Fourth ...
  3. Development Economics

    A branch of economics that focuses on improving the economies ...
  4. Group Of 24 - G-24

    Twenty-four countries established in 1971 to work together to ...
  5. Poverty

    A state or condition in which a person or community lacks the ...
  6. Emerging Market ETF

    An exchange-traded fund that focuses on the stocks of emerging ...
Related Articles
  1. Social Finance Careers: Creating A Better ...
    Entrepreneurship

    Social Finance Careers: Creating A Better ...

  2. Globalization: Progress Or Profiteering?
    Economics

    Globalization: Progress Or Profiteering?

  3. 5 Economic Effects Of Country Liberalization ...
    Economics

    5 Economic Effects Of Country Liberalization ...

  4. Why Country Funds Are So Risky
    Investing Basics

    Why Country Funds Are So Risky

comments powered by Disqus
Hot Definitions
  1. Stop-Limit Order

    An order placed with a broker that combines the features of stop order with those of a limit order. A stop-limit order will ...
  2. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  3. Pareto Principle

    A principle, named after economist Vilfredo Pareto, that specifies an unequal relationship between inputs and outputs. The ...
  4. Budget Deficit

    A status of financial health in which expenditures exceed revenue. The term "budget deficit" is most commonly used to refer ...
  5. Floating Exchange Rate

    A country's exchange rate regime where its currency is set by the foreign-exchange market through supply and demand for that ...
  6. Underwriting

    1. The process by which investment bankers raise investment capital from investors on behalf of corporations and governments ...
Trading Center