What do you mean by a developing economy ?
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ʟᴇss ᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴇᴄᴏɴᴏᴍʏ
ᴀ ᴅᴇᴠᴇʟᴏᴘɪɴɢ ᴇᴄᴏɴᴏᴍʏ ᴀʟsᴏ ᴄᴀʟʟᴇᴅ ᴀ ʟᴇss ᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴇᴄᴏɴᴏᴍʏ ᴏʀ ᴜɴᴅᴇʀᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴄᴏᴜɴᴛʀʏ ɪs ᴀ ɴᴀᴛɪᴏɴ ᴡɪᴛʜ ᴀɴ ᴜɴᴅᴇʀᴅᴇᴠᴇʟᴏᴘᴇᴅ ɪɴᴅᴜsᴛʀɪᴀʟ ʙᴀsᴇ, ᴀɴᴅ ᴀ ʟᴏᴡ ʜᴜᴍᴀɴ ᴅᴇᴠᴇʟᴏᴘᴍᴇɴᴛ ɪɴᴅᴇx (ʜᴅɪ) ʀᴇʟᴀᴛɪᴠᴇ ᴛᴏ ᴏᴛʜᴇʀ ᴄᴏᴜɴᴛʀɪᴇs. ... ᴀʟsᴏ, ᴛʜᴇ ɢᴇɴᴇʀᴀʟ ᴛᴇʀᴍ ʟᴇss-ᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴇᴄᴏɴᴏᴍʏ sʜᴏᴜʟᴅ ɴᴏᴛ ʙᴇ ᴄᴏɴғᴜsᴇᴅ ᴡɪᴛʜ ᴛʜᴇ sᴘᴇᴄɪғɪᴄ ʟᴇᴀsᴛ ᴅᴇᴠᴇʟᴏᴘᴇᴅ ᴄᴏᴜɴᴛʀʏ.
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A developing economy also called a less developed economy or underdeveloped country is a nation with an underdeveloped industrial base, and a low Human Development Index (HDI) relative to other countries. ... Also, the general term less-developed economy should not be confused with the specific least developed country.
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