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  1. A developed country (or industrialized country, high-income country, more economically developed country (MEDC), advanced country) is a sovereign state that has a high quality of life, developed economy and advanced technological infrastructure relative to other less industrialized nations.

  2. A developed country (also known as an industrialised country or more economically developed country (MEDC)) is a country that has more businesses and infrastructures (roads, airports, electricity, etc) than a developing country.

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    • Declassification
    • UN conferences
    • Trade

    The least developed countries are a list of developing countries that, according to the United Nations, exhibit the lowest indicators of socioeconomic development, with the lowest Human Development Index ratings of all countries in the world. The concept of LDCs originated in the late 1960s and the first group of LDCs was listed by the UN in its resolution 2768 of 18 November 1971. A country is classified among the Least Developed Countries if it meets three criteria: Poverty – adjustable...

    LDC criteria are reviewed every three years by the Committee for Development Policy of the UN Economic and Social Council. Countries may "graduate" out of the LDC classification when indicators exceed these criteria in two consecutive triennial reviews. The United Nations Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States coordinates UN support and provides advocacy services for Least Developed Countries. The cl

    Least developed countries can be distinguished from developing countries, "less developed countries", "lesser developed countries", or other terms for countries in the so-called Third World. Although many contemporary scholars argue that "Third World" is outdated, irrelevant or inaccurate, others may use the term "Fourth World" in reference to least developed countries. The term "less economically developed country" is also used today. However, in order to avoid confusion between "least develope

    The three criteria are assessed by the Committee for Development Policy every three years. Countries must meet two of the three criteria at two consecutive triennial reviews to be considered for graduation. The Committee for Development Policy sends its recommendations for endorsement to the Economic and Social Council. Since the LDC category was initiated, six countries have graduated to developing country status. The first country to graduate from LDC status was Botswana in 1994. The second co

    There have been four United Nations conferences on LDCs, held every ten years. The first two were in Paris, in 1981 and 1991; the third was in Brussels in 2001. The Fourth UN Conference on Least Developed Countries was held in Istanbul, Turkey, 9–13 May 2011. It was attended by Ban Ki-Moon, the head of the UN, and close to 50 prime ministers and heads of state. The conference endorsed the goal of raising half the existing Least developed countries out of the LDC category by 2022. As with ...

    Issues surrounding global trade regulations and LDCs have gained a lot of media and policy attention thanks to the recently collapsed Doha Round of World Trade Organization negotiations being termed a development round. During the WTO's Hong Kong Ministerial, it was agreed that LDCs could see 100 percent duty-free, quota-free access to U.S. markets if the round were completed. But analysis of the deal by NGOs found that the text of the proposed LDC deal had substantial loopholes that might make

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  4. Developing country. Different people have tried to classify countries into different groups. This is usually done either by looking at how rich people are, on average, in different countries. Most of the time there are two groups, namely developing countries and developed ones. Sometimes there are three groups, in which case the third group is ...

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    Indicators are used to determine whether a country is a least devleoped country. 1. The gross domestic product, per person, is low. Currently, the average over three years is considered. 2. An index measuring social factors, such as health, education and literacy among adults. Currently, the Human Assets Indexis used for this purpose. 3. A third index looks at how vulnerable the economy is as a whole. Currently, the Economic Vulnerability Indexis used. To be considered a least developed country, a country must have high levels of poverty, low human resources and a vulnerable economy. The UN looks at indicators, such as gross national income, nutrition, health, education and literacy. Economic vulnerability is recorded on the Economic Vulnerability Index. LDC criteria are reviewed every three years. Countries may stop being considered an LDC when indicators show that they have become developed enough. Since the LDC category was created, four countries have graduated to developing cou...

    United Nations, "LDCs: Least Developed Countries, Landlocked Developing Countries, and Small Island Developing States"
    World Trade Organisation, ""WTO Launches Trade Initiative for Least Developed Countries", FOCUS newsletter, WTO, Geneva, Switzerland, November 1997 issue 24.
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