A post-2015 agenda for LDCs: Policies for structural transformation

Despite relatively rapid economic growth since around 2000, reflecting strong increases in commodity prices and in official development assistance (ODA), the majority of the least developed countries (LDCs) are off track on most of the Millennium Development Goals (MDGs). This reflects, in part, their failure to achieve the kind of structural transformation that has characterized successful adjustment experiences in other developing countries (ODCs), such as those considered in chapter 5 of this Report. The planned sustainable development goals (SDGs) accompanying the post-2015 development agenda will constitute an even more ambitious undertaking in a more challenging economic environment. This lends still greater urgency to the need for structural transformation in the LDCs.

Related Subject(s): Economic and Social Development