Definition: Less-developed Countries (LDCs)

Less-developed Countries (LDCs) - "low- and middle-income countries, that is, those with a per-capita GNI of less than $9,000 in 2002, according to the World Bank. Although the margin of error is substantial and the boundary between categories rises each year with inflation, membership in the category has been relatively stable from the 1980s to the first decade of the 21st century." - source: Economic Development 4th Edition by E. Wayne Nafziger