In the WTO, it is the preference giving country, which decides the list of developing countries that will benefit from schemes such as the Generalized System of Preferences (GSP).
Developing countries enjoy benefits in some WTO Agreements such as longer transition periods before they are required to fully implement the agreement.
The differences between the OER- and PPP-denominated GDP values for most of the wealthy industrialized countries are generally much smaller than those for the developing nations.
The total size of the economy is a better indicator of the strength of the local economy and the market opportunity for a new consumer product than the income per person.
The economies of developing countries usually rely heavily on one or more key industries, often related to commodities like oil, minerals mining, or agriculture.
Companies from emerging markets should play an important role in the process of transition to the global emerging market, as they have a great deal of experience operating in conditions of non-developed economies.
In a country, if the per capita GDP adjusted for purchasing power is lower than the nominal per capita GDP, it implies that local consumers can afford more with their incomes.