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Home > QFINANCE Dictionary > Definition of LDC

Definition of

LDC

  • 1.

    abbr

    poorer country with limited economic development less developed country: a country whose economic development is held back by the lack of natural resources to produce goods demanded on world markets.

  • 2.

    abbr

    very poor country with little economic development least developed country: a country that is not economically advanced, especially a country that borrowed heavily from commercial banks in the 1970s and 1980s to finance its industrial development, and so helped to create an international debt crisis.

Definitions of ’LDC’ and meaning of ’LDC’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’LDC’ and other financial terms with our online QFINANCE Financial Dictionary.

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