The Least Developed Countries Report 1997

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Intended for a broad readership of governments, policy makers, researchers and all those involved with the least developed countries (LDCs) and development policy, this in-depth Report examines economic developments in the LDCs during 1996 and discusses prospects for 1997. It's coverage also includes an examination of: LDCs' external debt; recent economic reforms and performance; agricultural developments and policy reforms; and economies in regress. A statistical annex of basic data is also included.



Opportunities for LDC agriculture in the world trading system and the impact of the Uruguay Round Agreement

The Uruguay Round of GATT trade negotiations covered several new areas, one of which was agriculture, for which it initiated a programme of trade liberalization. This chapter examines the consequences for LDC agriculture of the Uruguay Round Agreement on Agriculture (URAA). Four broad issues are examined: the impact of agricultural trade liberalization on the global market for traditional LDC export commodities; opportunities for LDC export diversification; the impact of the expected higher world food market prices on food production in the LDCs; and provisions in the Uruguay Round Agreement for increasing food production in the LDCs. The URAA, which directly impacts on agriculture, is summarized in the next section in order to provide a context for the discussion of these issues.


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