How different types of knowledge impact the growth of new firms

Diversifying into new industries is vital to an economy's ability to grow and generate wealth. But to branch out into new industrial activities, a city, region or country must first have a pool of people with the right mix ...

Scientists develop solar-to-fuel roadmap for crystalline silicon

Bringing the concept of an "artificial leaf" closer to reality, a team of researchers at MIT has published a detailed analysis of all the factors that could limit the efficiency of such a system. The new analysis lays out ...

WHO says 99% of world's population breathes poor-quality air

The U.N. health agency says nearly everybody in the world breathes air that doesn't meet its standards for air quality, calling for more action to reduce fossil-fuel use, which generates pollutants that cause respiratory ...

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Developing country

Developing country is a term generally used to describe a nation with a low level of material well being. There is no single internationally-recognized definition of developed country, and the levels of development may vary widely within so-called developing countries, with some developing countries having high average standards of living.

Some international organizations like the World Bank use strictly numerical classifications. The World Bank considers all low- and middle- income countries as "developing". In its most recent classification, economies are divided using 2008 Gross National Income per capita. In 2008, countries with GNI per capita below US$11,905 are considered developing. Other institutions use less specific definitions.

Countries with more advanced economies than other developing nations, but which have not yet fully demonstrated the signs of a developed country, are grouped under the term newly industrialized countries.

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