1. Developing Country
 A country that has made some progress and
expects to continue improving the material
conditions of people, through knowledge and
technology

2. Literacy Rate
 The percentage of a country's people who can
read and write.
 Exceeds 98% in MDCs in contrast with less than
60% in LDCs.

3. Less Developed Country
 A country relatively early stage in the process of
economic development.

4. DEPENDENCY THEORY
 1. IS A BODY OF SOCIAL SCIENCE THEORIES
PREDICATED ON THE NOTION THAT
RESOURCES FLOW FROM A “PERIPHARY” OF
POOR AND UNDERDEVELOPED STATES TO A
“CORE” OF WEALTHY STATES, ENRICHING
THE LATTER AT THE EXPENSE OF THE
FORMER.

5. Developing Country
 A more politically correct term used in place of
LDC or third world country.

6. Rostow’s Modernization Model
 A five stage model of development developed by
W.W. Rostow.
 Traditional society- Not yet started development
 The preconditions for take off- starts to invest in new
technologies.
 The take off- Rapid growth, and areas of the economy
start to be productive
 The drive to maturity- Workers become skilled and
specialized,