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What are ledcs medcs and edcs?

LEDCs (Less Economically Developed Countries) are countries with lower income levels, higher poverty rates, and less developed infrastructure. MEDCs (More Economically Developed Countries) are countries with higher income levels, more advanced infrastructure, and a higher standard of living. EDCs (Emerging Economies or Economies in Transition) are countries that are in the process of transitioning from being less developed to more developed, often experiencing rapid economic growth.


What does 12k years ago mean?

"12k years ago" means 12,000 years in the past. This time frame typically refers to the Stone Age or prehistoric era, when early human civilizations were emerging and developing.


How does climate change affect emerging nations?

Emerging nations will not have the resources to adapt to climate change. If their crop lands become dry, then famine is the likely result. African countries suffer famine now, and global warming will only make it worse. Low lying countries will suffer from rising sea-levels. Pacific Island nations are already in trouble. Countries like Bangladesh will suffer widespread sea water floods.


Why COMECON formed?

COMECON was formed in 1949 in response to the emerging competition between Western capitalist countries and Eastern socialist countries during the Cold War. It was created to promote economic cooperation and socialist development among its member countries, providing them with a platform to trade resources and coordinate economic plans to strengthen their socialist economies.


What are most of the nations in the global south?

Most of the nations in the global south are located in Asia, Africa, Latin America, and the Caribbean regions. These countries are generally characterized by lower income levels, higher levels of poverty, and emerging economies compared to countries in the global north. The global south includes countries such as India, Brazil, Nigeria, and Indonesia.

Related Questions

Is Venezuela a developed country developing emerging or underdeveloped and why?

Yes


Is Russia a developing country?

No, Russia is a developed country. However, the economy is seen as part of the emerging one.


Is Ireland Technological Developing or Emerging?

It's very technologically developed.


Is Australia a developed country emerging market newly industrialized or developing country and why?

Developed country.


What other word you can use for developing nations?

For some of them you can use "future super-powers" None pattern for undeveloped contries has been created yet. Suppose that there are 8 developed countries. The ninth one should be a developing country ? Assuming that all the developed countries have multiple issues not yet solved, there are none fully developed country today.


A goal of people in developing countries is?

The goal of people in developing countries is to become an emerging economy by achieving standard health care and reducing mortality rate.


Is North Korea an emerging country?

It's a developing country (as opposed to a developed country), but it is economically regressing, not improving access (which is what the term "emerging economy" usually means).


What country is a developed?

Developing countries are countries with economies that have a low GDP per capita and rely on agriculture as the main industry. There is no universal definition of a developing country. Emerging countries are those making strong strides in technology and other manufacturing sectors.


Is the US a good example of a developing nation?

The US has already developed. Many of the emerging former Communist Bloc nations of Eastern Europe could be considered developing.


Is Switzerland a developed country?

What a rubbish question is this?? For your information, Switzerland is one of the most developed country in the world, probably the number one. Sandeep Jain NOOOOOOO the USA or Canada are the most developed countries in the world. And don't be soo rude. Some people don't know this studd. He is not being rude, Switzerland is one of the most developed countries in the world. There are many definitions of most developed country, for example highest GDP per person, lowest incidence of various diseases, lowest number of people under the poverty line, highest level of internet access, etc. etc. By many of these criteria Switzerland is one of the most developed countries in the world.


What major problems arise in estimating national incomes in underdeveloped countries?

There's no difference on this statistical subject among developed, underdeveloped and emerging countries.


What is an emerging nation?

developing country