Telecom

How the price of bandwidth can be cut in African countries

All over the world, the internet has provided extraordinary socioeconomic opportunities to businesses, governments, and individuals. But less developed countries still face numerous obstacles to maximise its potential. The ...

Energy & Green Tech

How much energy do we really need?

Two fundamental goals of humanity are to eradicate poverty and reduce climate change, and it is critical that the world knows whether achieving these goals will involve trade-offs. New IIASA research for the first time provides ...

Developing country

Developing country is a term generally used to describe a nation with a low level of material well being. There is no single internationally-recognized definition of developed country, and the levels of development may vary widely within so-called developing countries, with some developing countries having high average standards of living.

Some international organizations like the World Bank use strictly numerical classifications. The World Bank considers all low- and middle- income countries as "developing". In its most recent classification, economies are divided using 2008 Gross National Income per capita. In 2008, countries with GNI per capita below US$11,905 are considered developing. Other institutions use less specific definitions.

Countries with more advanced economies than other developing nations, but which have not yet fully demonstrated the signs of a developed country, are grouped under the term newly industrialized countries.

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