Meaning of “underdeveloped” in the English Dictionary

"underdeveloped" in Business English

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uk /ˌʌndədɪˈveləpt/ us /-dɚ-/

ECONOMICS having little or no modern industry, few modern services, and a weak economy:

Many of these regions are very underdeveloped.

not as advanced or powerful as possible or expected:

They have a good brand name but it is underdeveloped.
The reason for the underdeveloped state of the country's capital markets is decades of economic mismanagement.


(Definition of “underdeveloped” from the Cambridge Business English Dictionary © Cambridge University Press)