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The Least Developed Countries Report 1996

image of The Least Developed Countries Report 1996

Reviews recent socio-economic development in the least developed countries (LDCs) and the progress in the implementation of support measures. Chapters deal with such issues as possibilities of further debt-relief, role of micro-enterprises and the role of women and environmental problems in the LDCs. The main theme of the 1996 Report is the impact of globalization and liberalization on the LDCs.

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The world economic setting and the LDCs

The latest estimates of world output indicate growth of 2.6 per cent in 1995. This is below the growth rate recorded in 1994 and also the forecast for 1995 growth made earlier in the year, reflecting in the main the lower than expected growth in industrial countries. There were further improvements in the performance of some of the transition economies of Central and Eastern Europe, which recorded strong growth in 1995, and a deceleration in the decline of the economies of the Commonwealth of Independent States (CIS). Asian developing countries continued to record strong growth and there were also indications of an improvement in many African economies.

English

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