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 employed in agriculture;
(4) a low proportion of adult literacy;
(5) high unemployment; and
(6) a significant reliance of a few items for export.
Terms such as third world, poor, developing nations, and underdeveloped have been used to describe less developed countries.
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