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A developing country is a sovereign state with a less developed industrial base and a lower Human Development Index (HDI) relative to other countries. [ 3] However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. [ 4][ 5] The terms low and middle-income country ( LMIC) and ...
The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. [ 5] The World Bank is the collective name for the International Bank for Reconstruction and Development (IBRD) and International Development Association ...
The map does not include classifications by the World Bank. A developed country, or advanced country, [3] [4] is a sovereign state that has a high quality of life, developed economy, and advanced technological infrastructure relative to other less industrialized nations. Most commonly, the criteria for evaluating the degree of economic ...
Development theory is a collection of theories about how desirable change in society is best achieved. Such theories draw on a variety of social science disciplines and approaches. In this article, multiple theories are discussed, as are recent developments with regard to these theories.
The Washington Consensus is a set of ten economic policy prescriptions considered to constitute the "standard" reform package promoted for crisis-wracked developing countries by Washington, D.C. -based institutions such as the International Monetary Fund (IMF), World Bank and United States Department of the Treasury. [ 1]
Theory of Change. A theory of change ( ToC) is an explicit theory of how and why it is thought that a social policy or program activities lead to outcomes and impacts. [1] ToCs are used in the design of programs and program evaluation, across a range of policy areas. Theories of change can be developed at any stage of a program, depending on ...
International development. World Development Indicators have improved relative to the year 1990. 75% of poverty reduction happened because of China [1]. International development or global development is a broad concept denoting the idea that societies and countries have differing levels of economic or human development on an international scale.
The Brandt Line is a visual depiction of the North-South divide between their economies, based on GDP per capita, [6] proposed by Willy Brandt in the 1980s. It encircles the world at a latitude of 30° N, passing between North and Central America, north of Africa, the Middle East and most of East Asia, but lowered towards the south to include ...