The conventional approach to least developed country (LDC) graduation has considered these countries as an undifferentiated group whose problems could be solved by means of similar measures focusing on domestic and international liberalisation, preferential aid allocations, and the promotion of their exports by means of trade preferences and free market access. This paper tries to go beyond this analytical and policy tradition and attempts to identify different LDC clusters in which underdevelopment is caused by specific economic and social conditions, and for which the solution depends not only on traditional support measures, but also on the implementation of differentiated, country-…
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High-Level Panel Discussion Co-Hosted by OECD and UN Committee for Development Policy (CDP) in the margins of the United Nations Development Cooperation Forum
The historic call in Addis Ababa to develop the Total Official Support for Sustainable Development (TOSSD) measurement framework in an ?open, inclusive and transparent? manner confirmed the global impetus to achieve greater transparency about the full array of officially-supported development finance in support of the 2030 Agenda. TOSSD could serve to establish a common framework at the international level around which different providers (traditional donors, South-South and triangular co-operation actors, multilateral organisations,…
This paper aims to draw insights from New Structural Economics by applying its practical policy tool - the Growth Identification and Facilitation Framework (GIFF) - to least developed countries (LDCs) with a special focus on the case of Uganda. The GIFF offers practical development paths for enabling developing countries to follow comparative advantage in its industrial development and to tap into the potential of advantages of backwardness in industrial upgrading in an effort to achieve sustained and dynamic growth. After a brief introduction of the GIFF, we present an overview of Uganda's recent economic and social performance and analyse Uganda's factor endowments, i.e., land (or…
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Economic growth, environmental sustainability and human development in the Solomon Islands have lagged much of the Pacific region since independence in 1978. Trade contributes insufficiently to development, partly because of the dominance of the logging industry but also due to the lack of emphasis on building productive capacities with a view to economic transformation toward higher productivity activities. Targeted soft industrial policies may help address these shortcomings, in the form of sectoral prioritisation; linkages policies; joint government-donor support to build appropriate infrastructure; and the development of human resources in specific areas. Government institutional…
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World gross product projected to expand by just 2.4 per cent in 2016
Forthcoming referendum on EU membership has increased financial market volatility in the United Kingdom
Ongoing fiscal adjustment in Africa, the CIS, Latin America and Western Asia continues to constrain prospects
Global issues
Global growth outlook remains bleak; little prospect for turnaround in 2016
Growth in the world economy continues to be lacklustre, as highlighted in the World Economic Situation and Prospects Update as of mid-2016(figure 1). In the report, world gross product is projected to expand by just 2.4 per cent in 2016, the same rate as in 2015, marking a downward revision of 0.5 percentage points to…
World Economic Situation And Prospects: June 2016 Briefing, No. 91
Statement by Prof Sakiko Fukuda-Parr at Coordination and Management Meeting of the 2016 session of the ECOSOC, 1 June 2016
Statement by Prof Sakiko Fukuda-Parr
Professor Sakiko Fukuda-Parr, Vice-Chair of the Committee for Development Policy (CDP), introduced the Committee's Report on it's 18th Session to the ECOSOC Coordination and Management Meeting (CMM) held on 1 June 2016. The CDP?s deliberations on LDC-related issues, including expanding productive capacity in least developed countries (LDCs), monitoring the development progress of graduating and graduated countries, and the development of a toolkit to assist graduating countries in transition to leave the LDC category were presented to Council members. The Committee?s considerations and recommendations on the issue of total official support for sustainable development (TOSSD) in context of…
Presentation of the 2016 CDP Report to ECOSOC
On 27 May 2016 the UN Committee for Development Policy (CDP) Secretariat and the Fondation pour les ?tudes et Recherches sur le D?veloppement International (Ferdi) will organize a side event on least developed country (LDC) support measures during the Midterm Review Conference for the Istanbul Programme of Action for LDCs in Antalya, Turkey. The focus of this event is to improve affected countries' understanding for a smooth transition from the LDC category.
Demand for information and support for a smooth transition from the LDC category remains high, as LDCs continue to face difficulties in fully understanding the benefits from LDC-specific support they receive and what implication a…
Improving knowledge, implementation and effectiveness for smooth transition from the LDC category
Weak global growth continues to linger, posing a challenge to the implementation of the 2030 Agenda for Sustainable Development. World gross product is projected to expand by just 2.4 per cent in 2016, the same weak rate as in 2015. This reflects significant downward revisions of growth for many countries in Africa, the Commonwealth of Independent States (CIS), and Latin America and the Caribbean from the forecasts in December 2015. Persistent weakness in aggregate demand in developed economies remains a drag on global growth, while low commodity prices, mounting fiscal and current-account imbalances and policy tightening have further dampened the growth prospects of many commodity-…
World Economic Situation and Prospects as of mid-2016
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