Find out information about Underdeveloped nation
Designing Open Source Washing Machines for Underdeveloped Nations
The Four Tigers followed a strategy of export-oriented industrialization, in which they moved from the status of developing country to that of NIC in the 1970s and 1980s. These nations ambitiously took Japan as a role model, but concentrated on light manufacturing. The Tigers have been held up by the World Bank and the International Monetary Fund as models for other developing and underdeveloped nations. However, export-oriented growth isn't possible for every nation, especially when other nations, including China and some industrialized nations, still engage in protectionism.
Developed Nations versus Underdeveloped Nations
People in underdeveloped nations often live in dire poverty. Such factors as structuralad justment policies of the Bretton Woods institutions are a factor in theunderdevelopment and the ills of those in these nations.