While many developing countries have reformed their economies in order to imitate the success of the successful industrial economies, the process remains incomplete and most developing countries tend to be characterized by all of the following except:

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Most developing countries continue to struggle with corruption and poverty, which is often accompanied by large underground markets where illegal trading takes place. This contributes to a lack of government control, increased corruption, and poverty, rather than reducing it. Seigniorage (the profit made by a government by issuing currency) is common in developing countries. Developing countries may also limit foreign exchange transactions to control capital movements, and use natural resources and agricultural commodities as a significant share of their exports. Additionally, many developing countries struggle with inefficient investment practices, which may result in a worse job of directing savings towards their most efficient use.

While Many Developing Countries Have Reformed Their Economies in Order