This is a deviation from AP Style.
Do not use the terms developing world or developing nations as a catchall for low- or middle-income countries. Instead, refer to the GDP of the country, in context with others, to precisely identify the economic status of a country, when relevant to the news value of the story. Do not use Global South to describe low- or middle-income countries
Do not use emerging economy or emerging market to describe a country’s economic status. The terms are imprecise and do not have a widely accepted definition.
The terms are geographically imprecise and is generally used as a sanitized synonym for poverty.
Instead, describe the country’s market characteristics, including liquidity and debt, when relevant to the news value of the story.
Using generalized terms to imply poverty across large land areas and countries that have little else in common reflects bias and defines complex communities by foreign standards of wealth.
Nepal, a landlocked country wedged between India to its south and China to its north, has a gross domestic product of just $21.1 billion, making it a bit player in the global economy compared to its powerhouse neighbors.