Developing Nations

Notion of Developing Nations

The meaning of Developing Nations may be as follows: A term used to refer to nation states whose economic and political structures are not well developed, in relation to the wealthier, industrialized world. Developing nations have low income levels and agricultural or resource-based economies, but are making efforts to industrialize and boost income. The term has numerous variants (e.g., less developed nations, Third World nations) and its use is sometimes controversial since it implies that western industrialism is the standard for judging development.