IGCSE Geography: Industrial Activities: The Development Pathway

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  • I just got into teaching Managerial Economics, though I've been teaching MBA students over a decade. Interesting to find all acronyms expanded, and with examples in one show. India isn't figuring in any of the descriptions!
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IGCSE Geography: Industrial Activities: The Development Pathway

  1. 1. Development
  2. 2. LLEDC LEDC RIC OPEC MEDC NIC The Development Pathway more developed
  3. 3. LLEDC Least Less Economically Developed Country Least economically developed. Countries lagging behind the main LEDC cluster. Examples: Ethiopia Nepal
  4. 4. LLEDC Less Economically Developed Country Mainly agricultural employment. Examples: Bangladesh Morocco LEDC
  5. 5. LLEDC Recently Developed Country Manufacturing based. Started their modern industrialization in 1980s and 1990s. Examples: Thailand Chile RIC
  6. 6. LLEDC Oil and Petroleum Exporting Country Examples: Saudi Arabia Venezuela OPEC
  7. 7. LLEDC Newly Industrialised Country Manufacturing based. Started their modern industrialization in the 1960s. Examples: South Korea Portugal NIC
  8. 8. LLEDC More Economically Developed Country Highest standards of living. Examples: France USA MEDC

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