and Tobago, Tunisia, Turks and Caicos Islands, Tuvalu, UAE,
Uganda, Uruguay, Vanuatu, Venezuela, Vietnam, Virgin Islands, Wallis
and Futuna, West Bank, Western Sahara, Yemen, Zambia, Zimbabwe; note -
similar to the new International Monetary Fund (IMF) term "developing
countries" which adds Malta, Mexico, South Africa, and Turkey but omits
in its recently published statistics American Samoa, Anguilla, British
Virgin Islands, Brunei, Cayman Islands, Christmas Island, Cocos
Islands, Cook Islands, Cuba, Eritrea, Falkland Islands, French Guiana,
French Polynesia, Gaza Strip, Gibraltar, Greenland, Grenada,
Guadeloupe, Guam, Guernsey, Jersey, North Korea, Macau, Isle of Man,
Martinique, Mayotte, Montserrat, Nauru, New Caledonia, Niue, Norfolk
Island, Northern Mariana Islands, Palau, Pitcairn Islands, Puerto Rico,
Reunion, Saint Helena, Saint Pierre and Miquelon, Tokelau, Tonga, Turks
and Caicos Islands, Tuvalu, Virgin Islands, Wallis and Futuna, West
Bank, Western Sahara
low-income countries: another term for those less developed countries
with below-average per capita GDPs; see less developed countries (LDCs)
middle-income countries: another term for those less developed
countries with above-average per capita GDPs; see less developed
countries (LDCs)
new independent states (NIS): a term referring to all the countries of
the FSU except the Baltic countries (Estonia, Latvia, Lithuania)
newly industrializing countries (NICs): former term for the newly
industrializing economies; see newly industrializing economies (NIEs)
newly industrializing economies (NIEs): that subgroup of the less
developed countries (LDCs) that has experienced particularly rapid
industrialization of their economies; formerly known as the newly
industrializing countries (NICs); also known as advanced developing
countries; usually includes the Four Dragons (Hong Kong, South Korea,
Singapore, Taiwan), and Brazil
socialist countries: in general, countries in which the government
owns and plans the use of the major factors of production; note - the
term is sometimes used incorrectly as a synonym for Communist countries
underdeveloped countries: refers to those less developed countries
with the potential for above-average economic growth; see less
developed countries (LDCs)
undeveloped countries: refers to those extremely poor less developed
countries (LDCs) with little prospect for economic growth; see least
developed countries (LLDCs
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