Differences between EDCs and LIDCs
Differences between EDCs and LIDCs This article aims to examine the key differences between EDCs and LIDCs. EDCs refer to emerging developing countries, while LIDCs refer to low-income developing countries. It goes without saying that countries in the world are now-a-days divided into three broad groups i.e. EDCs, LIDCs, and ACs (advanced countries), based on the economic and socio-cultural development they brought about over the years. This classification by the International Monetary Fund (IMF) is different from Brandt line, which divided the world as the rich north and the poor […]
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