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The Least Developed Countries Report 2013

Growth with Employment for Inclusive and Sustainable Development

image of The Least Developed Countries Report 2013

The Least Developed Countries Report 2013 analyses the employment challenge of the Least Developed Countries (LDCs). Demographic projections indicate that around 225 million people in LDCs will be entering the labour force until 2030. Hence, creating sufficient and decent employment opportunities for all will be a real challenge. However, recent experience shows that the link between growth and employment in LDCs is not automatic. The LDC Report 2013 aims to raise awareness and galvanize the attention of policymakers to the magnitude of the problem. It also reviews and analyses recent labour market performance of the LDCs, compares it with the future needs in relation to job creation, and elaborates concrete policy recommendations for growth with employment.

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A framework for linking employment creation and development of productive capacities in the LDCs

For the past three decades, LDCs have been advised to focus on economic growth as a strategy for economic diversification, poverty reduction and economic development. In hindsight, this appears to have been sound policy advice, since it is highly unlikely that LDCs will achieve economic and social development and halve their poverty levels in line with internationally agreed goals without a sustained period of growth. In fact, in recognition of this likely scenario, the IPoA states (United Nations, 2011,para. 28) that in order for LDCs to achieve “sustained, equitable and inclusive economic growth […] to at least the level of 7 per cent per annum”, they should strengthen their productive capacity in all sectors through structural transformation and overcome their marginalization through effective integration into the global economy.

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