Developing Countries

Definition

Developing countries are nations that are still in the process of improving their industrialization levels and standards of living. They generally face challenges in terms of infrastructure, education, and economic development.

Related terms

Foreign Aid: Assistance provided by developed countries or international organizations to help support the development efforts of developing nations.

Sustainable Development Goals (SDGs): A set of 17 global goals established by the United Nations to address various issues such as poverty, education, healthcare, and climate change in developing countries.

Industrialization: The process of transforming an economy from primarily agricultural-based to one that relies on manufacturing and industry for growth.