- published: 24 Nov 2014
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A developing country, also known as a less-developed country (LDC), is a nation with a low living standard, undeveloped industrial base, and low Human Development Index (HDI).
Countries with more advanced economies than other developing nations, but which have not yet fully demonstrated the signs of a developed country, are categorized under the term newly industrialized countries.
Kofi Annan, former Secretary General of the United Nations, defined a developed country as follows. "A developed country is one that allows all its citizens to enjoy a free and healthy life in a safe environment." But according to the United Nations Statistics Division,
And it notes that
The UN also notes
On the other hand, according to the classification from International Monetary Fund (IMF) before April 2004, all the countries of Eastern Europe (including Central European countries which still belongs to "Eastern Europe Group" in the UN institutions) as well as the former Soviet Union (USSR) countries in Central Asia (Kazakhstan, Uzbekistan, Kyrgyzstan, Tajikistan and Turkmenistan) and Mongolia, were not included under either developed or developing regions, but rather were referred to as "countries in transition"; however they are now widely regarded (in the international reports) as "developing countries".