The Least Developed Countries Report 2010

Download or read book The Least Developed Countries Report 2010 written by United Nations Conference on Trade and Development and published by . This book was released on 2010 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Even as global economic growth accelerated in the first decade of the millennium, the LDCs remained marginalized in the world economy. The Report calls for the creation of a new international development architecture (NIDA) for the LDCs aimed at: a) reversing their marginalization in the global economy and helping them in their catch-up efforts; (b) supporting a pattern of accelerated economic growth and diversification to improve the well-being of all their people; and (c) helping them graduate from LCD status. The NIDA for LDCs would be constituted through reforms of the global economic regimes which directly affect development and poverty reduction in LDCs, and through the design of a new generation of special international support mechanisms for the LDCs aimed at addressing their specific structural constraints and vulnerabilities. Increasing South-South cooperation, both within regions and between LDCs and large, fast-growing developing countries, could also play an important role in a NIDA for LCDs. The Report proposes five major pillars of the NIDA: finance, trade, commodities, technology, and climate change mitigation and adaptation and identifies a forward-looking agenda for action in the NIDA for LDCs in these areas. It is intended to serve as a major input to the policy debate for the fourth United Nations Conference on Least Developed Countries, in Turkey in 2011. Combining international support measures for LDCs with a new international framework for policy and cooperation that can deliver more stable, equitable and inclusive development is one of the most urgent challenges facing the international community today.