least developed country

Definitions

Banking

  • noun a country in the third world which is not economically advanced, especially one of those which borrowed heavily from commercial banks in the 1970s and 1980s to finance their industrial development, and so created an international debt crisis.

Economics

  • noun the 49 poorest countries as defined by the United Nations. They are countries which have very low per capita GDP and low human assets and are perceived as economically vulnerable.
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