developing economy
Industrializing nation's system
A developing economy is a national economy transitioning from low income and limited industrialization toward greater prosperity and modern infrastructure.
The term replaced "underdeveloped" and is often used interchangeably with "emerging economy," though emerging typically implies faster growth.
Foreign investment has flowed into developing economies across Southeast Asia.
The classification is somewhat subjective—organizations like the World Bank and IMF use different criteria.
- emergingComing into view
- emerging marketIndustrializing nation's financial system
- growthIncrease in size
- infrastructureBasic physical systems
- povertySevere lack of resources
investment · industrialization · urbanization · sweatshop labor · foreign aid · World Bank · GDP · manufacturing · agriculture · microfinance · mobile banking · trade · exports · workforce · brain drain · reform · opportunity · struggle
developing economydeveloped country
Economically advanced, industrialized nation
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