ABSTRACT
Most of the world’s 5.5 billion people live in countries classified as developing because of low per capita income. Although a few small East Asian nations are rich enough to be in the process of moving into the more-developed category, the ranks of what are considered developing have expanded with the addition of the former socialist countries in transition, where per capita income has dropped an average of one-third since the mid 1980s (UNDP 1996:2).
