Until the recent global crises, LDCs as a group enjoyed a protracted period of improved performance in the areas of economic growth, macroeconomic stability, trade and investment, resource flow and balances. However, this robust performance was relatively skewed and fragile and as such could not catalyse a breakthrough for structural progress. Changes have been particularly lagging in the areas of investment in productive sectors, trade diversification, infrastructure development, science and innovation capacity-building. In order to accelerate a transition towards structural progress, there is a need to revisit the development approaches in LDCs and development partners, particularly in the light of their recent development experiences and the challenges brought about by the fuel, food and financial crises. A new vision of the development paths for LDCs needs to include a facilitating macroeconomic framework, innovative meso-level interventions and a new set of international support measures addressing the specific needs of an increasingly heterogeneous LDCs group.
* This document was submitted on the above-mentioned date because the provisional agenda was approved by the Trade and Development Board on 15 April 2010.
** This is an abridged version of the report of the UNCTAD Ad hoc Interdivisional Task Force on LDC-IV. It has been prepared for the executive session of the Trade and Development Board, Geneva, 8 June 2010.
Real GDP and real GDP per capita growth rates of LDCs