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LDCs' trade problems and howto address them

 The least developed countries have faced numerous challenges with trade policies and trade rules. *Martin Khor lays out the ways to address them.

TRADE HAS been at the centre of discussion of LDCs improving their economy and social conditions.

It was said that LDCs are not integrated into the world economy that is why they are marginalized. This is not true. Many LDCs have higher exports to GNP ratio than some developed countries. It is the way in which the LDCs are integrated in trade that has been a disadvantage. LDCs are too dependent on raw materials export,and prices of commodities have had a long-term trend decline, thus causing major revenue and income losses for LDCs.


 

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The roots of inequality: Mining profits soar, but Africans are still poor

In 2009, African heads of state adopted the African Mining Vision. Its key objective is the transformation of Africa’s mining sector into a catalyst of broad-based growth and development and a key component of a diversified, vibrant and globally competitive, industrializing African economy.

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