Catching Up: What LDCs Can Do, and how Others Can HelpDespite impressive achievements during the last decade by the Least Developed Countries (LDCs), progress has not matched that of the developed world. Although improvements have been made in areas such as per capita income and infant mortality, in relative terms the gap has in fact widened, meaning that LDCs have to progress even faster or be left further behind. In this new publication, Paul Collier, economist and award-winning author of The Bottom Billion, puts forward that there are many policies that could have been effective in enabling LDCs to reduce this differentiation, but due to a lack of strategic focus this has not been achieved. Collier argues that the only actors who can lead this process are the governments of LDCs themselves working together towards clear and well-founded goals. He outlines potential future problems such as the extraction of natural resources and the threat of climate change, as well as strategies to best counter them. |
Contents
Introduction | 1 |
Using Trade Preferences to Help LDCs Break into Global | 19 |
Regional Integration | 35 |
Innovations in Financing Development | 43 |
Climate Change Asian Growth and Food Security in LDCs | 59 |
Conclusion | 67 |
References | 73 |
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Common terms and phrases
adaptation African countries agenda AGOA agriculture apparel approach assets borrowing budget support cent cities climate change climatic shocks cluster Collier and Venables commodity prices common competition costs Cotonou agreements decades depends domestic donors Dutch disease effect emerging market economies EMES Everything but Arms exports finance firms food insecurity food security global food global manufacturing global markets GMOs governments of LDCs growth Hence hold-up IBRD important income increase industrialisation industry infrastructure initiative LDC governments LDCs need least developed countries MDGs ments middle-income natural resources Ngozi Okonjo-Iweala OECD countries OECD governments populations potential private investment privileged market access problem production public capital public investment rationale reduced regional integration remittances rent resource extraction companies resource revenues returns to scale risk Rodrik ROOS scheme sector small economies sovereign wealth funds standards strategies tariff task tax regime tion trade preferences World Bank