A less-developed country, also known as a developing country, underdeveloped country, or Third World country, refers to a country that is not as advanced as others in terms of its economy and politics. These countries are primarily located in Africa, Asia, Eastern Europe, the Middle East, and Latin and South America. Although the terminology has evolved over time, it all pertains to the same group of countries that require assistance in enhancing their economic and political conditions.
Less-developed countries are those that lack the economic and political advancement of the main industrial powers. These countries are primarily found in Africa, Asia, Eastern Europe, the Middle East, and Latin and South America, and are also referred to as developing countries, underdeveloped countries, or Third World countries. Examples of less-developed countries include Haiti, Afghanistan, and Yemen, which have lower levels of economic development and political stability compared to countries like the United States, Japan, or Germany. The term less-developed country has evolved over time, from being called “poor” or “backward” countries to “underdeveloped countries” in the late 1940s and “less developed countries” in the 1950s. The current term “developing countries” is now used, but all these terms refer to the same group and type of countries.
A less-developed country, also known as an LDC, is a term used to describe a nation that has a lower level of economic development, infrastructure, and living standards compared to more developed countries.
The United Nations uses several criteria to classify a country as an LDC, including low income levels, weak human resources, and economic vulnerability.
While being classified as an LDC does not have direct legal implications, it can impact a country’s eligibility for certain international aid programs, trade agreements, and financial assistance.
Less-developed countries often face challenges in international trade due to limited infrastructure, lack of technological advancements, and lower production capabilities. However, they may benefit from preferential trade agreements and tariff exemptions aimed at promoting their economic growth.
Less-developed countries have access to the dispute settlement mechanisms provided by the World Trade Organization (WTO) to resolve trade disputes with other member countries. These mechanisms aim to ensure fair and equitable treatment for all parties involved.
Yes, less-developed countries can attract foreign investment through various legal mechanisms such as offering tax incentives, establishing special economic zones, and implementing investor-friendly regulations. However, they may face challenges in attracting investment due to perceived risks associated with their economic and political stability.
International organisations and agreements, such as the United Nations Sustainable Development Goals (SDGs), aim to promote sustainable development in less-developed countries. These goals provide a framework for legal and policy measures to address poverty, inequality, and environmental issues.
Less-developed countries often face challenges in providing adequate healthcare and education due to limited resources and infrastructure. However, international organisations and aid programs work towards improving access to these essential services through funding, capacity-building, and technical assistance.
While there are no specific legal obligations for more developed countries to assist less-developed countries, there are international agreements and initiatives aimed at promoting global cooperation and assistance. These include official development assistance (ODA) commitments and partnerships for sustainable development.
Less-developed countries can address legal and governance challenges by implementing transparent and accountable legal systems, promoting the rule of law, combating corruption, and fostering an enabling environment for economic growth and investment. International assistance and capacity-building programs can also support these efforts.
This site contains general legal information but does not constitute professional legal advice for your particular situation. Persuing this glossary does not create an attorney-client or legal adviser relationship. If you have specific questions, please consult a qualified attorney licensed in your jurisdiction.
This glossary post was last updated: 17th April 2024.
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