Developing nation in the context of Debt-for-nature swap


Developing nation in the context of Debt-for-nature swap

⭐ Core Definition: Developing nation

A developing country is a country with a less-developed industrial base and a lower Human Development Index (HDI) relative to developed countries. However, this definition is not universally agreed upon. There is also no clear agreement on which countries fit this category. The terms low-and middle-income country (LMIC) and newly emerging economy (NEE) are often used interchangeably but they refer only to the economy of the countries. The World Bank classifies the world's economies into four groups, based on gross national income per capita: high-, upper-middle-, lower-middle-, and low-income countries. Least developed countries, landlocked developing countries, and small island developing states are all sub-groupings of developing countries. Countries on the other end of the spectrum are usually referred to as high-income countries or developed countries.

There are controversies over the terms' use, as some feel that it perpetuates an outdated concept of "us" and "them". In 2015, the World Bank declared that the "developing/developed world categorization" had become less relevant and that they would phase out the use of that descriptor. Instead, their reports will present data aggregations for regions and income groups. The term "Global South" is used by some as an alternative term to developing countries.

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👉 Developing nation in the context of Debt-for-nature swap

Debt-for-nature swaps are financial transactions in which a portion of a developing nation's foreign debt is forgiven in exchange for local investments in environmental conservation measures.

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Developing nation in the context of National treatment

National treatment is a principle in international law. Utilized in many treaty regimes involving trade and intellectual property, it requires equal treatment of foreigners and locals. Under national treatment, a state that grants particular rights, benefits or privileges to its own citizens must also grant those advantages to the citizens of other states while they are in that country. In the context of international agreements, a state must provide equal treatment to citizens of the other states participating in the agreement. Imported and locally produced goods should be treated equally — at least after the foreign goods have entered the market.

While this is generally viewed as a desirable principle, in custom it conversely means that a state can deprive foreigners of anything of which it deprives its own citizens. An opposing principle calls for an international minimum standard of justice (a sort of basic due process) that would provide a base floor for the protection of rights and of access to judicial process. The conflict between national treatment and minimum standards has mainly played out between industrialized and developing nations, in the context of expropriations. Many developing nations, having the power to take control over the property of their own citizens, wished to exercise it over the property of aliens as well.

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Developing nation in the context of Green imperialism

Green imperialism (also called eco-imperialism, eco-colonialism, or environmental imperialism) is a derogatory epithet alluding to what is perceived as a Western strategy to influence the internal affairs of mostly developing nations in the name of environmentalism.

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Developing nation in the context of One-room school

One-room schoolhouses, or One-room schools, have been commonplace throughout rural portions of various countries, including Prussia, Norway, Sweden, the United States, Canada, Australia, New Zealand, the United Kingdom, Ireland, Portugal, and Spain. In most rural and small town schools, all of the students meet in a single room. There, a single teacher teaches academic basics to several grade levels of elementary-age children. Recent years have seen a revival of the format. One-room schoolhouses can also be found in developing nations and rural or remote areas undergoing colonization.

In the United States, the concept of a "little red schoolhouse" is a stirring one, and historic one-room schoolhouses have widely been preserved and are celebrated as symbols of frontier values and of local and national development. When necessary, the schools were enlarged or replaced with two-room schools. More than 200 are listed on the U.S. National Register of Historic Places. In Norway, by contrast, one-room schools were viewed more as impositions upon conservative farming areas, and, while a number survive in open-air museums, not a single one is listed on the Norwegian equivalent to the NRHP.

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Developing nation in the context of Food policy

Food policy is the area of public policy concerning how food is produced, processed, distributed, purchased, or provided. Food policies are designed to influence the operation of the food and agriculture system balanced with ensuring human health needs. This often includes decision-making around production and processing techniques, marketing, availability, utilization, and consumption of food, in the interest of meeting or furthering social objectives. Food policy can be promulgated on any level, from local to global, and by a government agency, business, or organization. Food policymakers engage in activities such as regulation of food-related industries, establishing eligibility standards for food assistance programs for the poor, ensuring safety of the food supply, food labeling, and even the qualifications of a product to be considered organic.

Most food policy is initiated at the domestic level for purposes of ensuring a safe and adequate food supply for the citizenry. In a developing nation, there are three main objectives for food policy: to protect the poor from crises, to develop long-run markets that enhance efficient resource use, and to increase food production that will in turn promote an increase in income.

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Developing nation in the context of Economy of Bangladesh

The economy of Bangladesh is considered to be a major developing mixed economy. As the second-largest economy in South Asia, Bangladesh's economy is the 34th largest in the world in nominal terms, and 25th largest by purchasing power parity. Bangladesh is seen by various financial institutions as one of the Next Eleven. It has been transitioning from being a frontier market into an emerging market. Bangladesh is a member of the South Asian Free Trade Area and the World Trade Organization. In fiscal year 2021–2022, Bangladesh registered a GDP growth rate of 7.2% after the global pandemic. Bangladesh is set to graduate from the group of least developed countries and will join the group of developing countries in November 2026.

Industrialisation in Bangladesh received a strong impetus after the partition of India due to labour reforms and new industries. Between 1947 and 1971, East Bengal generated between 70% and 50% of Pakistan's exports. Modern Bangladesh embarked on economic reforms in the late 1970s which promoted free markets and foreign direct investment. By the 1990s, the country had a booming ready-made garments industry. As of 16 March 2024, Bangladesh has the highest number of green garment factories in the world with Leadership in Energy and Environmental Design (LEED) certification from the United States Green Building Council (USGBC), where 80 are platinum-rated, 119 are gold-rated, 10 are silver, and four are without any rating. As of 6 March 2024, Bangladesh is home to 54 of the top 100 LEED Green Garment Factories globally, including 9 out of the top 10, and 18 out of the top 20. As of 27 April 2024, Bangladesh has a growing pharmaceutical industry with 12 percent average annual growth rate. Bangladesh is the only nation among the 48 least-developed countries that is almost self-sufficient when it comes to medicine production as local companies meet 98 percent of the domestic demand for pharmaceuticals. Remittances from the large Bangladeshi diaspora became a vital source of foreign exchange reserves. Agriculture in Bangladesh is supported by government subsidies and ensures self-sufficiency in food production. Bangladesh has pursued export-oriented industrialisation.

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