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What is Developing Economy

Regional Trade and Development Strategies in the Era of Globalization
A country with a less developed industrial base and a low Human Development Index relative to other countries.
Published in Chapter:
Effects of Economic and Political Risks on Foreign Direct Investment: A Panel Data Analysis in MENA Region
Souhaila Kammoun (IHEC, CODECI, University of Sfax, Tunisia), Youssra Ben Romdhane (University of Sfax, Tunisia), and Marwa Ben Salem Fakhfakh (University of Sfax, Tunisia)
DOI: 10.4018/978-1-7998-1730-7.ch012
Abstract
The chapter identifies the main determinants of FDI and the factors that constitute the main obstacles to foreign investment attractiveness in a region affected by economic and political instability and even conflict and where investors may face a multitude of political, economic, and security risks. The sample includes 14 Arab countries over the period of 2003-2017. To determine the factors that explain the probability of attracting investment inflows in MENA countries, the study uses a multiple regression model to estimate data in a time series. The authors also use the World Bank's governance indicators to assess the quality of the Arab institutional framework. The results of the panel data estimates through three different regressions reveal that macroeconomic instability combined with political instability constitutes an obstacle to investment. On practical implications, the study suggests that, in general, economic managers should take some economic policy measures to reduce or mitigate risks to encourage foreign investors to invest in MENA countries.
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The Growing Impact of ICT on Development in Africa
Describing the economies of developing or emerging nations.
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ICT4D
The economies of developing or emerging nations.
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Health Status and Convergence in Developing Open Economies: Is Health Status Converging in Developing Economies?
A developing economy also called a less developed economy or underdeveloped country is a nation with an underdeveloped industrial base, and a low Human Development Index (HDI) relative to other countries. On the other hand, since the late 1990s developing countries tended to demonstrate higher growth rates than the developed ones. There is no universal, agreed-upon criterion for what makes a country developing versus developed and which countries fit these two categories, although there is general reference points such as a nation's GDP per capita compared to other nations. Also, the general term less-developed economy should not be confused with the specific least developed country.
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