What is LEAST DEVELOPED COUNTRIES (LLDC)?

Health care, literacy, and per capita income are criteria for the UN designating some of the world’s poorest countries (48 in 1995) as ‘least developed’. Africa, Asia and Pacific, and Haiti have the most poorest. Bare-existence agriculture, lack of competitive industries. and few exploitable natural resources are the typical criteria. Droughts, floods, hurricanes, and pests, coupled with little prospect of improvement in economic prospects in the near future translates into certain long-term foreign-aid dependency.

More On This Topic



Link to This Definition
Did you find this definition of LEAST DEVELOPED COUNTRIES (LLDC) helpful? You can share it by copying the code below and adding it to your blog or web page.
Written and fact checked by The Law Dictionary