Exploring demographic dynamics in the LDCs

As explained in chapter 1, despite recently sluggish economic performance, the LDCs have generally enjoyed more than 10 years of economic growth. Per capita income for the group as a whole has been steadily expanding, raising hopes that some of them may even be able to graduate from the category within the decade. There are, however, worrying signs that this growth trend has not been inclusive and that its contribution to poverty reduction has been limited. The main explanation for the lack of inclusiveness is that such growth as there has been has not generated enough “quality” jobs – that is, jobs offering higher wages and better working conditions – especially for the young.

Related Subject(s): Economic and Social Development