Developing country

nation with a low living standard relative to other countries

A developing country is a country with a less developed industrial base.

Low wages in developing countries are among the many sins allegedly committed by global capitalism, but few of those making the charge really stop to think about why wages are so low in some developing countries. ~ Art Carden

QuotesEdit

  • There was a time when people of the rich nations of the world regarded poverty as a "natural condition" for those living in the poor nations of the world. ... Today we have largely been stripped of this pseudo-innocence. We know that the poor are so poor because the rich are so rich, that the causes of poverty can be traced to deliberate decisions and deliberate economic and political policies designed to benefit the rich and powerful. We know that poverty and unemployment are not just accidents of history but deliberate, even indispensable, components of capitalism as an economic system.
  • Low wages in developing countries are among the many sins allegedly committed by global capitalism, but few of those making the charge really stop to think about why wages are so low in some developing countries.

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