The Least Developed Countries Report 2004

Linking International Trade with Poverty Reduction

image of The Least Developed Countries Report 2004

This annual report reviews recent economic trends in the least developed countries (LDCs), focusing on their efforts to escape the poverty trap. The 2004 edition, examines the relationship between international trade and poverty within LDC’s, and identifies national and international policies that can make trade a more effective mechanism for poverty reduction in these countries. It also reveals the obstacles faced by LDCs when they implemented deep trade liberalization measures in the 1990s. The report is a valuable source of information for government officials, academics, researchers, the media, and members of public and private sector interested in the social and economic advancement of developing countries.

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Improving the trade–poverty relationship through national development strategies

The improvements in the international trade regime discussed in the previous chapter should provide a framework for linking trade more effectively with poverty reduction in the LDCs. However, whether or not the increased opportunity for poverty reduction will be translated into reality depends on whether it is grasped at the national level. The fundamental priority here is that Governments formulate and implement national development strategies that integrate trade within them in a way that effectively promotes sustained development and substantial poverty reduction. This is critical because it is the area where the LDCs themselves potentially have the most leverage to make trade work for poverty reduction.

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