1887

The Least Developed Countries Report 2014

Growth with Structural Transformation - Post-2015 Development Agenda for LDCs

image of The Least Developed Countries Report 2014

As we reach the target date to meet the Millennium Development Goals (MDGs), the LDC Report analyses the performance of the LDCs in progressing towards these goals and provides a framework for their development policies in the post-2015 period. The Report shows that there is a high degree of differentiation among LDCs’ performance towards the MDGs, but most of these countries will not be able to attain most MDGs. This disappointing outcome is surprising given that LDCs have experienced historically high economic growth rates over the last 20 years, and domestic and international policies for LDCs have set MDGs as top priority. In the coming post-2015 period, the LDCs will face the challenge of achieving the sustainable development goals (SDGs), for which structural transformation will be a precondition.

English Spanish, French

.

Recent trends and outlook for the LDCs

From 2002 to 2008, the least developed countries (LDCs) as a group experienced impressive economic growth, with their real gross domestic product (GDP) growing at an average annual rate of more than 7 per cent. This represented the strongest and longest period of growth acceleration achieved by this group of countries since 1970 (UNCTAD, 2010: chap.1). It was largely due to their robust export performance in the context of rising commodity prices and expanding global output, along with buoyant capital inflows stemming from higher remittances, foreign direct investment (FDI) and official development assistance (ODA). However, their performance in terms of achieving the Millennium Development Goals (MDGs) was disappointing (as discussed in chapter 2 of this Report).

English Spanish, French

This is a required field
Please enter a valid email address
Approval was a Success
Invalid data
An Error Occurred
Approval was partially successful, following selected items could not be processed due to error