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developing country

   Also found in: Dictionary/thesaurus, Medical, Financial, Acronyms, Wikipedia 0.01 sec.
developing country
a nonindustrialized poor country that is seeking to develop its resources by industrialization


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A developing country that allows its ceding companies to obtain reinsurance from unauthorized reinsurers may nonetheless restrict the activities that an unauthorized reinsurer may undertake within its borders.
Justin Yifu Lin, 56, a Chinese national who became the bank's first chief economist from a developing country in June, said in his speech at a Tokyo seminar that developing nations should ease their credit grip and adopt an expansionary fiscal policy to deal with an expected ''sharp slowdown'' in their economies.
The World Bank the World Bank, half of all the benefits to developing countries are expected to flow to just eight countries: Argentina, Brazil (which stands to receive 23% of the developing country benefit), China, India, Mexico, Thailand, Turkey, and Vietnam.
 
 
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