A less developed country (LDC) refers to a nation or region characterized by lower levels of economic and industrial progress in comparison to more developed countries. Also known as a developing country, an LDC typically exhibits lower income levels, limited access to education and healthcare, inadequate infrastructure, and a higher prevalence of poverty.
The classification of a nation as a less developed country is primarily based on various socio-economic indicators, such as Gross Domestic Product (GDP) per capita, literacy rates, life expectancy, and overall human development. These countries often face several challenges, including economic instability, high unemployment rates, limited technological advancements, and insufficient access to resources.
Less developed countries often exhibit weaknesses in their agricultural, industrial, and service sectors. They may heavily rely on primary industries like agriculture or extractive industries, experiencing difficulties in diversifying their economies. Additionally, they may face obstacles such as political instability, corruption, and inadequate governance, which can impede their progress towards becoming more developed.
International organizations and development agencies often provide aid, support, and financial assistance to less developed countries to alleviate poverty and facilitate their economic growth. These initiatives aim to enhance infrastructure, educational and healthcare systems, promote sustainable development, and eradicate poverty. By addressing the unique challenges faced by less developed countries, both domestic and international efforts can contribute to their long-term development and advancement.
