Developing Countries

• The World Trade Organization does not have a set framework for what constitutes a developing country; member nations declare themselves as such. Other WTO members are able to challenge a country's declared status, but it is rare for any to do so. The World Bank, on the other hand, considers countries with low gross national income ($1,005 per capita or less) to lower-middle income ($1,006 to $3,975 GNI per capita) to be developing. Developing countries have low levels of living and productivity, high population growth, underdeveloped industry and a reliance on agriculture and exports for economic sustainability.