An agenda for action: (I) Finance and (II) Trade
- Author: United Nations Conference on Trade and Development
- Main Title: The Least Developed Countries Report 2010 , pp 155-190
- Publication Date: February 2011
- DOI: https://doi.org/10.18356/e819dd44-en
- Language: English French, Spanish
Governments of the LDCs face many challenges in fostering sustainable growth and structural transformation in a manner that would reduce poverty substantially. Following the analyses in chapters 2 to 4, this Report advocates a paradigm shift towards new, more inclusive development paths based on promoting the productive capacities of LDCs through a strengthened developmental role of the State. This should be facilitated by means of a new international development architecture (NIDA) for the LDCs which encompasses both coherent systemic reforms of the global economic regimes of relevance to the LDCs and improved LDC-specific international support mechanisms (ISMs). Policy changes are necessary in all the five major pillars of the NIDA — finance, trade, commodities, technology and climate change. This chapter focuses on two pillars which generally receive the most attention. These are, firstly, the financial architecture, including domestic resource mobilization, private capital flows, aid, investment and debt relief, and secondly, the multilateral trade regime.
© United Nations
ISBN (PDF):
9789210550758
Book DOI:
https://doi.org/10.18356/4b5fe06b-en
Related Subject(s):
Economic and Social Development
Sustainable Development Goals:
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