Download Least Developed Countries Report 2010: Towards a New by United Nations PDF

By United Nations

ISBN-10: 9211128137

ISBN-13: 9789211128130

While international fiscal development sped up within the first decade of the millennium, the LDCs remained marginalized on this planet financial system. The document demands the construction of a brand new overseas improvement structure (NIDA) for the LDCs geared toward: a) reversing their marginalization within the worldwide economic climate and assisting them of their catch-up efforts; (b) assisting a development of sped up monetary development and diversification to enhance the health of all their humans; and (c) supporting them graduate from liquid crystal display prestige. The NIDA for LDCs will be constituted via reforms of the worldwide monetary regimes which at once impact improvement and poverty aid in LDCs, and during the layout of a brand new new release of exact overseas aid mechanisms for the LDCs aimed toward addressing their particular structural constraints and vulnerabilities. expanding South-South cooperation, either inside areas and among LDCs and massive, fast-growing constructing nations, may also play a tremendous function

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Additional info for Least Developed Countries Report 2010: Towards a New International Development Architecture for LDCs (United Nations Conference on Trade and Development)

Example text

Thus, although the special measures might provide benefits for some LDCs, their effect globally would be counterproductive. The Report therefore advocates a mix of more developmental and coherent global economic regimes for all developing countries, including LDCs, along with special measures targeted to address the specific handicaps and vulnerabilities of the LDCs. As the more advanced developing countries move up the development ladder, LDCs could move into the production of goods and services that were formerly but can no longer be competitively produced in those more advanced developing countries.

However, during the last decade, the flow of aid for trade, using the OECD statistical definition of this category, was increasing more slowly in LDCs than in other developing countries. A priority ISM for LDCs should be to accelerate that flow to LDCs, and ensure that it is directed at enhancing their productive capacities and international competitiveness in line with the principle of country ownership. Traderelated capacity-building should be seen as part of the wider objective of developing LDCs’ productive sectors and promoting the development of their private sectors.

Thus, learning and experimentation in policymaking and greater domestic ownership of policies is proving to be a very slow evolutionary process. Fourth, there is a lack of policy coherence between the different components of the global regimes, and in particular between the global regimes and special international support measures for the LDCs. Lack of policy coherence The way in which the international economic architecture affects the LDCs is the product of the interaction of systemic regimes, special international support measures for the LDCs and measures designed for other sets of countries which overlap imperfectly with the LDC category.

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