Although the majority of developing countries lag well behind societies of the West,some have now successfully embarked on a process of industrialization.These are sometimes referred to as:

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Emerging economies refer to developing countries that have made significant progress in industrialization and have the potential to become major global players in the future. This term is commonly used to describe countries such as China, India, Brazil, and South Africa, among others, that have experienced rapid economic growth and development in recent decades. The term "emerging economies" reflects the fact that these countries are gradually emerging as key players in the global economy, with rising levels of trade, investment, and innovation.

Although the Majority of Developing Countries Lag Well Behind Societies