Countries that do not have a developed industrial infrastructure.
The "less developed" countries include all of Africa, all of Asia except Japan, the Transcaucasian and Central Asian republics of the NIS, all of Latin America and the Caribbean, and all of Oceania except Australia and New Zealand. This category matches the "less developed country" classification employed by the United Nations. "Less developed" countries are also referred to in the report as "developing" countries.
approximately 130 countries in Asia, Africa and Latin America suffer from some or all of the following characteristics and could be classified as developing or less developed countries: majority of people living in poverty, mostly farmers or hunters, little or no industry, high birth rates and declining death rates, low life expectancy, malnutrition, poor housing, and more illiteracy than literacy.
the poorest nations of the world, including much of Africa, Latin America, and Asia
countries whose share of output composed of agricultural products, mining, and the like is relatively high, which engage in proportionally little industrial high-technology activity, and whose per capita incomes are generally comparatively low
Less developed countries include all countries in Africa, Asia (excluding Japan), and Latin America and the Caribbean, and the regions of Melanesia, Micronesia, and Polynesia.
Also known as emerging markets. Per capita G.D.P. is below a World Bank determined level.
Following United Nations' definitions, the term "less developed countries" (or regions) refers to countries in Africa, Asia (except Japan), Latin America and the Caribbean, and Oceania (except Australia and New Zealand). Source: PRB