developing

/dɪˈveləpɪŋ/ adjective [before noun] ECONOMICS

Definition

› poor, but trying to grow and becoming more advanced by creating new industries and a stronger economy: Internet use is almost universal in industrialized countries, and is growing rapidly in the developing world as well. Fast-growing airlines in developing markets tend to have newer fleets then their competitors in countries where air travel is well established. developing nations/economies → Compare developed

(Definition of developing adjective from the Cambridge Business English Dictionary © Cambridge University Press)