: Abstract This Research Paper states the factors that qualify a nation to be a developing country. It also attempts to define the term developing countries. It looks at the issues that hamper growth in the developing countries. It then determines whether these issues are being sorted out and look at the obstacles and their causes, if any. It assesses the several disciplines that do affect the development of the developing countries. It sheds light on the state of these disciplines in the developing countries. Basing on the market access schemes that have been forwarded to assist the developing countries enter into the world markets, this paper looks at the effectiveness of these schemes. A developing country is defined as a country that is in the process of becoming industrialized. It lacks industrialization, high literacy rate, advanced living standards and infrastructure (Michigan State University, n.d).