What term is used in the text to refer to countries which have less wealth, but are experiencing rapid economic growth?

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The term used in the text to refer to countries which have less wealth but are experiencing rapid economic growth is "developing countries." This term is commonly used by economists and international organizations such as the World Bank and the United Nations to classify countries based on their level of economic development. Countries classified as "developing" typically have lower levels of GDP per capita and higher levels of poverty, but are experiencing growth and development in various sectors of their economy.

What Term Is Used in the Text to Refer to Countries