developing countries

Topics: Developing country, World Trade Organization, Developed country Pages: 2 (297 words) Published: February 17, 2014
Developing Countries:
A developing country, also called a less-developed country (LDC), is a nation with a low living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries. Developing countries have low levels of living and productivity, high population growth, underdeveloped industry and a reliance on agriculture and exports for economic sustainability.

World Trade Organization (WTO) and Developing Countries:
Over three quarters of WTO members are developing or least-developed countries. All WTO agreements contain special provision for them, including longer time periods to implement agreements and commitments, measures to increase their trading opportunities and support to help them build the infrastructure for WTO work, handle disputes, and implement technical standards.

Emerging Countries:
Emerging countries are those with high levels of economic development, usually with rapid industrialization. Some countries, which were formerly developing nations without much opportunity for industrialization, have become emerging nations with unprecedented growth in energy, information technology and telecommunications. They differ from developing countries in that they no longer rely primarily on agriculture, have made impressive gains in infrastructure and industrial growth, and are experiencing increasing incomes and quick economic growth.

Examples of Developing Countries:
In common practice, Japan in Asia, Canada and the United States in northern America, Australia and New Zealand in Oceania, and Europe, are considered "developed" regions or areas. In international trade statistics, the Southern African Customs Union is also treated as a developed region and Israel as a developed country; countries emerging from the former Yugoslavia are treated as developing countries; and countries of Eastern Europe and of the Commonwealth of Independent States (code 172) in Europe are not included under either...
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