Definition
Underdeveloped Country
An underdeveloped country is a nation where the economy relies heavily on basic, often primitive agricultural techniques and manufacturing. These countries typically exhibit low levels of industrialization, limited infrastructure, poor living conditions, and insufficient public services. The economic output and income per capita in underdeveloped countries are significantly lower compared to developed or developing nations.
Examples
Chad: Chad’s economy primarily depends on subsistence agriculture, with outdated farming techniques and limited industrial production. The infrastructure is minimal, and public services are scarce.
Haiti: Haiti suffers from underdevelopment due to debilitating political instability, lack of industrialization, and reliance on traditional, inefficient agricultural methods.
Niger: Niger has a mainly agrarian economy, with a significant portion of its population engaged in primitive farming, and faces challenges in terms of infrastructure and industrial growth.
Frequently Asked Questions
What distinguishes an underdeveloped country from a developing country?
An underdeveloped country has a lower level of industrialization, fewer infrastructure developments, and more primitive agricultural methods compared to a developing country, which is in transition with growing industrialization and improving infrastructure.
Can an underdeveloped country develop into a developed country?
Yes, underdeveloped countries can progress towards becoming developed nations through consistent investment in education, infrastructure, modernization of agriculture, industrialization, and improved governance.
What are the main challenges faced by underdeveloped countries?
Underdeveloped countries face numerous challenges including poverty, low educational attainment, inadequate healthcare systems, lack of technological advancements, political instability, and poor infrastructure.
Related Terms with Definitions
Developed Countries
Countries that exhibit high levels of industrialization, advanced technological infrastructure, high living standards, and robust public services.
Developing Countries
Nations that are in the process of industrialization with growing economic development and improving infrastructure, positioned between underdeveloped and developed countries in terms of economic status.
Subsistence Agriculture
A type of farming where most of the produce is consumed by the farmer and their family, leaving little surplus for sale or trade.
Industrialization
The development process whereby a country transforms from primarily agrarian production to industrial manufacturing of goods.
Online References to Online Resources
- Wikipedia: Developed country
- Investopedia: Emerging Markets
- World Bank: The World Bank in Low & Middle Income
Suggested Books for Further Studies
- “Development as Freedom” by Amartya Sen
- “The Bottom Billion: Why the Poorest Countries are Failing and What Can Be Done About It” by Paul Collier
- “Poor Economics: A Radical Rethinking of the Way to Fight Global Poverty” by Abhijit V. Banerjee and Esther Duflo
Fundamentals of Underdeveloped Country: Economic Development Basics Quiz
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