“A developing country, also known as a less-developed countries (LDC), is a nation with a low living standard, undeveloped industrial base, and low Human Development Index (HDI) relative to other countries. But former United Nations (UN) Secretary General, Kofi Annan defined a developed country as follows: “A developed country is one that allows all its citizens to enjoy a free and healthy life in a safe environment.” However, the United Nations Statistics Division caution that” “there is no established convention for the designation of “developed” and “developing countries or areas…
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