1945

The paradox of the continuing marginalization of LDCs in a rapidly integrating world economy poses a unique challenge to policy makers, at both the national and international level. As LDCs’ growth rates lag behind those of other developing countries and their share of world exports and imports continues to fall, the special and differential treatment measures incorporated into various Uruguay Round agreements and two of the Ministerial Decisions adopted by the Trade Negotiations Committee (the “Decision on Measures in Favour of Least-Developed Countries” and the “Decision on Measures Concerning the Possible Negative Effects of the Reform Programme on Least-Developed and Net Food-Importing Developing Countries”) have acquired greater significance. Several factors have, however, militated against LDCs in their attempts to take advantage of the opportunities provided by the multilateral trading system, including their limited capacity to participate effectively in WTO.

Related Subject(s): Economic and Social Development
/content/books/9789210451338s007-c001
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