The Least Developed Countries Report 2008

Growth, Poverty and the Terms of Development Partnership

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This report assesses recent trends in growth and poverty in the least developed countries (LDCs), as well as changes in terms of development partnership. It discusses the fact that rapid economic growth in the LDCs has been associated with a slow rate of poverty reduction and slow progress towards the Millennium Development Goals. The report also considers progress towards country-owned development strategies in LDCs and the role of recipient- led aid management policies at the country level as a practical policy mechanism to strengthen country ownership.

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Trends in poverty and progress towards the MDGs

It is clear from chapter 1 of this Report that since 2000, many least developed countries (LDCs) have achieved higher rates of economic growth than in the 1990s and even higher growth of exports. There is a widespread perception, however, that this is not translating effectively into poverty reduction and improved human well-being for the 785 million people who now live in LDCs. This chapter assesses the extent to which this is true and identifies some of the policy-related factors which influence the degree to which economic growth is translating into improvements in human well-being.

English Spanish, French

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