DEVELOPING NATION Meaning and
Definition
-
A developing nation, also known as a developing country or an emerging economy, refers to a country that is in the process of transitioning and advancing economically, socially, and technologically. It typically has a lower income level and a less developed infrastructure compared to developed nations. These countries often face various socio-economic challenges including poverty, high unemployment rates, inadequate healthcare systems, limited educational opportunities, and insufficient access to resources and technology.
The classification of a developing nation is typically based on indicators such as Gross Domestic Product (GDP), Human Development Index (HDI), and per capita income. Developing nations are characterized by their aim to achieve sustainable economic growth and improve the overall well-being of their population through various developmental strategies. These strategies often involve industrialization, diversification of the economy, investment in infrastructure, healthcare, education, and social welfare programs.
Developing nations often rely heavily on agricultural and natural resource-based industries as their primary sources of income, but they strive to increase their industrial and service sectors to diversify their economies. They may also seek foreign aid, grants, and loans from international organizations and developed countries to support their development efforts.
The term "developing nation" is used to distinguish these countries from developed nations that have higher living standards, advanced technology, and well-established infrastructure. However, it is important to note that the definition of a developing nation is not fixed, and countries may transition from developing to developed based on their progress in economic growth, technological advancements, and improvements in social indicators.
Common Misspellings for DEVELOPING NATION
- seveloping nation
- xeveloping nation
- ceveloping nation
- feveloping nation
- reveloping nation
- eeveloping nation
- dwveloping nation
- dsveloping nation
- ddveloping nation
- drveloping nation
- d4veloping nation
- d3veloping nation
- deceloping nation
- debeloping nation
- degeloping nation
- defeloping nation
- devwloping nation
- devsloping nation
- devdloping nation
- devrloping nation
Etymology of DEVELOPING NATION
The term "developing nation" originated in the mid-20th century as a classification to categorize countries based on their level of economic and industrial development. The etymology of the phrase lies in the verb "to develop", which comes from Old French "desveloper" meaning "unwrap" or "unveil". It further traces back to the Latin word "dis-" (away) and "volupe" (fold).
The term gained popularity after World War II when newly independent nations sought to pursue economic growth and improve living standards. During this period, the United Nations and other international organizations started using terms like "developed" and "developing" to distinguish countries based on their economic conditions.
It's worth noting that the term has evolved over time, and some now consider it outdated and prefer alternative terms like "emerging economy", "global South", or "less economically developed country" (LEDC).
Infographic
Add the infographic to your website:
