developing nation

A developing country has a relatively low standard of living, an undeveloped industrial base, and a moderate to low Human Development Index (HDI) score. In developing countries, there is low per capita income, widespread poverty, and low capital formation. The term has tended to edge out earlier ones, including the Cold War-defined "Third World", which has come to have unintentional negative connotations associated with it, but new terms such as less developed country (LDC) or less economically developed country (LEDC) have not caught on yet. LEDC is a term used by modern geographers to portray the countries classified as "developing countries" more accurately, specifying that they are less economically developed, which usually correlates best with other factors such as low human development. The Correlation between an Ledc and Medc, is characteristic of a sub-economical organistic system of living.
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