The Enterprise and Economic Development Glossary

a resource of the .network library

underdeveloped economy:

... the structure or condition of the production, development, distribution and management of material wealth of latent potential in a location; an economy that, although going through change or receiving attention, is considered not to be operating at its full potential.

An underdeveloped economy is likely to be seen by concerned outsiders as an area in need of socioeconomic development; i.e., a place where both social and economic factors should be addressed, for example, see comments about underdeveloped nations in the encyclopedia of NationMaster.com. Also, a resource paper by John L. Gallup is published online by the Center for International Development at Harvard University, Cambridge, MA titled Geography and Socioeconomic Development.

Suggestion: Copy and paste the following italicized text lines, keeping the quotation marks intact, to the search engine in the international trade and development section of the Enterprise and Economic Development Library: (1) characteristics "underdeveloped economy"; (2) underdeveloped countries; (3) underdeveloped regions; (4) list "underdeveloped nations"; (5) definition of underdeveloped nations; (6) What is an underdeveloped economy?; (7) definition of socioeconomic development.

The Economic Development Network website has a global list of nations. Review the list to see that some nations are shown linked while others are some not. If an underdeveloped nation or any other of interest to you is not shown highlighted with a link, send an email. The service of responding to your email is provided for free.

See economy; places seeking economic development; mission of The Network

define underdeveloped economy / define socio-economic development

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Wikipedia states that socio-economic development ... is the process of social and economic development in a society (source of quote). See the definition of socioeconomic provided Cambridge University Press/Cambridge Dictionaries Online. Economic development is defined in various ways in About Economic Development.

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