Industrialising Less Developed Countries - amazonia.fiocruz.br

Industrialising Less Developed Countries Video

Defining an LDC

The world's least industrialized countries have low income, few human resources, and are economically vulnerable. The countries at the bottom of a stratified global economic order, which play only a peripheral role in the international economy.

Those countries not aligned with Industrialising Less Developed Countries west or the east during the Cold War, especially the developing countries of Asia, Africa and Latin America. A composite statistic used to rank countries by level of "human development," taken as a synonym of the older term "standard of living.

In contrast to industrialized and industrializing countries, the world's least industrialized countries exhibit extremely poor economic growth and have the lowest Human Development Index HDI measures in the world. HDI is the measure of development that is used by the United Nations.

Map of GDP Per Capita (2008)

HDI considers a country's per capita gross domestic product GDPper capita income, rate of literacy, life expectancybasic infrastructure, and other factors affecting standard of living Devellped determine how developed a country is. To be considered a least industrialized country, or least developed country LDC as they are commonly called, a country must have a small economy and low standards of living.

This map shows countries' gross domestic products GDP per capita. Countries in the 1—10, international dollar range roughly correspond to least industrialized countries. By the United Nations' standards, a country Industdialising meet three specific criteria to be classified as an LDC:. Least developed countries tend to be concentrated in areas with ongoing conflict, a high rate of natural distasters, or industries that are vulnerable to climate instability. Not all LDCs are alike, but many characteristics are shared.

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LDCs in this region are particularly likely to have authoritarian governments such as dictatorships. In all LDCs, populations have a low standard of living. People living in LDCs are unlikely to have consistent access to electricity, clean water, healthcare, education, and in many cases food and shelter. In the past, countries that are now labeled as LDCs were known as "third world" Industriaising. Third world countries were undeveloped countries that were neither major players in the capitalist world market nor communist states under the USSR.

Most current scholars consider the term "third world" to be outdated. Modern sociologists are more likely to describe the world's least industrialized nations as "peripheral," referring to their marginalized position in the Industrialising Less Developed Countries economy. Least industrialized nations are likely to be exploited by more developed nations for material and human resources, such as oil and cheap labor.

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They participate in the world economy, but do not greatly benefit from it. Least industrialized nations are at the bottom of a stratified global economic order, and play only a peripheral role in the international economy. Here policy makers discuss the challenges that countries with small, insecure economies and inadequate infrastructure face Counfries they seek higher status in the global hierarchy.

Boundless Sociology. Global Stratification and Inequality. Global Stratification. Concept Version Key Points Least industrialized countries are more likely than more developed countries to have authoritarian governments, uncontrolled epidemics, and low access to services such as healthcare and education.]