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The Least Developed Countries Report 1999

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As the twentieth century drew to a close, it became clear that the least developed countries (LDCs) had generally failed to derive appropriate benefits from the ongoing processes of liberalization and globalization. This report examines the recent economic developments and outlook in the LDCs; reviews development finance, external debt and investment; assesses the programme of action for the LDCs for the 1990s; and discusses marginalization, productive capacities and the LDCs. Satistical charts and graphs are also included.

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Overview

As the decade draws to a close, it has become clear that the least developed countries (LDCs) have generally failed to derive appropriate benefits from the ongoing processes of liberalization and globalization. These processes have added new dimensions to the familiar supply-side constraints in LDCs as the latter attempt to adjust to the new, more competitive international environment. Whilst the 1980s were dubbed the “lost decade” for developing countries in general and LDCs in particular, the 1990s have become, for LDCs, the decade of increasing marginalization, inequality, poverty and social exclusion. The violence and social tensions which afflict several LDCs are caused, in part at least, by increasing deprivation and inequality.

English

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