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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.

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Structural transformation, labour productivity and development policies in selected non-LDC developing countries

To inform development policymaking in the least developed countries (LDCs) during the period covered by the planned Sustainable Development Goals (SDGs) (i.e. 2015–2030), it is useful to look beyond the LDCs themselves to some other economies that have undergone successful economic transformation in recent decades. Their transformation enabled those countries not only to perform well against the Millennium Development Goals (MDGs), but also to set in motion a lasting development process. This chapter considers what lessons may be drawn for LDCs from domestic policies adopted by four such countries: Chile, China, Mauritius and Viet Nam.

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