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. Underdeveloped economies are likely to be seen by concerned outsiders as areas 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. See the .network definition of a geography. Suggestion: Copy and paste the following italicized text lines, keeping the quotation marks intact, to search engine at the top of the international trade and development page in the .network resource center: (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. |
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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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08/19/2010 |