Search results for: “less developed countries”

  • Less-Developed Countries

    Less-Developed Countries Less-Developed Countries (LDCs) and the GATT Policy Negotiations In relation to the GATT Policy Negotiations, Christopher Mark (1993) provided the following explanation and/or definition of Less-Developed Countries (LDCs): An alternative term for developing countries. […]

  • Organization of Petroleum Exporting Countries

    Organization Of Petroleum Exporting Countries Summary of Organization Of Petroleum Exporting Countries A cartel of oil-producing nations founded at Baghdad in 1960 by Iran, Iraq, Kuwait, Libya, Saudi Arabia, and Venezuela. The cartel was joined subsequently by Qatar (1961), Indonesia […]

  • Developed Countries

    Summary of Developed Countries A generalized grouping of the industrialized nations. Customarily, the term is applied to those nations that are members of the organization for economic cooperation And Development (read this and related legal terms for further details) plus the […]

  • Developed Countries

    Summary of Developed Countries A generalized grouping of the industrialized nations. Customarily, the term is applied to those nations that are members of the organization for economic cooperation And Development (read this and related legal terms for further details) plus the […]

  • Least Developed Countries

    Summary of Least Developed Countries Those nations suffering the most severe economic and development problems, and requiring substantial and ongoing economic assistance. As a general rule, they are nations with a literacy rate of less than 20 percent and per capita income below two hundred […]

  • Lesser Developed Country

    Lesser Developed Country in International Law Meaning of Lesser Developed Country (LLDC), according to the Dictionary of International Trade (Global Negotiator): The classification LDC was developed by the United Nations to give some guidance to donor agencies and countries about and equitable […]

  • Less Developed Country

    Less Developed Country in International Law Meaning of Less Developed Country (LDC), according to the Dictionary of International Trade (Global Negotiator): A country showing: (1) a poverty level of income; (2) a high rate of population increase; (3) a substantial portion of its workers […]

  • Less Developed Country Corporation

    As provided in the 1980s in U.S. tax laws, a firm that derived at least 80 percent of its income in less developed countries (LDCs) and had at least 80 percent of its assets in LDCs. Dividend and interest income from such corporations was excluded from foreign-base company income to the extent it wa…

  • Graduation

    Summary of Graduation The act of recognition by the world community that formerly less developed Countries (read this and related legal terms for further details) have undergone sufficient economic development to be regarded as "developed"or industrialized nations. The recognition […]

  • Most Seriously Affected

    A description applied by the United Nations Special Fund to less developed countries whose balances of payments have been "most seriously affected" by the significant increase in the price of oil since 1973. The purpose of the fund is to provide financial assistance to the developing count…

  • Trade Balance

    J-Curve and International Trade Economy In relation to international trade economy, Christopher Mark (1993) provided the following definition of J-Curve: The expected adjustment path in a country's trade balance following a currency depreciation or devaluation. Because a change in the […]

  • Trade Policy

    Diplomacy and International Trade (London, 1994) "Today, the generally accepted view (at least on the part of most states) is that trade, and particularly free trade, is good, notwithstanding the conflicts (and bouts of protectionism) that arise between individual states and between […]

  • Third World

    Summary of Third World That group of less developed and developing nations not included in the political camps of either the Western industrialized states or the communist bloc. Most nations in Latin America, Africa, and Asia fall into this category. The term is commonly applied to nations […]

  • Product

    International Product Life Cycle (IPLC) in International Trade Meaning of International Product Life Cycle (IPLC), according to the Dictionary of International Trade (Global Negotiator): This marketing describes the diffusion process of an innovation across national boundaries. Typically, […]

  • Assembly Operations

    Definition of Assembly Operations in International Trade The following is a concept of Assembly Operations in the context of international trade law, from the Dictionary of International Trade (Global Negotiator): An assembly operation is a variation of the subsidiary. A foreign production […]