Published Oct 25, 2023 Less-Developed Countries, often abbreviated as LDCs, refer to nations that have lower living standards, lower income levels, and are less industrialized compared to more developed countries. These countries typically face challenges in terms of poverty, inadequate healthcare, limited access to education, high unemployment rates, and weak infrastructure. One example of a less-developed country is Malawi, located in southeastern Africa. Malawi faces significant socio-economic challenges, including a high poverty rate, low literacy rate, and limited access to healthcare. The majority of the population relies on subsistence agriculture for their livelihood, with limited opportunities for economic diversification. The country also lacks reliable infrastructure, such as roads, electricity, and clean water, which further hampers its development. Understanding less-developed countries is crucial for policymakers, international organizations, and individuals interested in global development. These countries often require targeted assistance, such as foreign aid or investment, to address pressing challenges and support their development efforts. By addressing the underlying issues faced by LDCs, such as poverty, lack of education, and inadequate infrastructure, it is possible to help lift these countries out of poverty and contribute to global socio-economic progress. Additionally, promoting sustainable development and reducing inequality among nations can lead to a more stable and prosperous world.Definition of Less-Developed Countries (LDC)
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Why Less-Developed Countries Matter
Economics