The least developed countries as a special case

Selwyn, Percy

doi:10.1016/0305-750x(74)90066-7

Cited by 1 publication

(3 citation statements)

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“…But, as it was clear from the negotiations that preceded its creation, any special measure and/or benefit given to LDCs did not have to discriminate against other developing countries. All new measures in favour of the LDCs were understood, as being in addition to any concessions granted to other developing countries (Selwyn, 1974). The specific benefits granted to the LDCs vary among donors and relate mostly to trade preferences, technical assistance and the delivery of development assistance.…”

Section: The Least Developed Country Categorymentioning

confidence: 99%

“…Initially, developed countries were unwilling to make concessions and give special supports to the original 25 LDCs, as they accounted for just some 8 per cent of the total population of developing countries, and their absorptive capacity was rather limited, as it seemingly was their ability to take advantage of trade concessions (Selwyn, 1974). Everything changed with the subsequent rounds of accessions.…”

Section: The Least Developed Country Categorymentioning

confidence: 99%

“…As the selection of the potential LDCs to be included in the initial list required some adjustments, especially for borderline cases, Selwyn (1974) talked about a 'fourth' criterion being used, which 'reflected little more than the intuition of the committee' (Selwyn, 1974, p. 38).…”

Section: Criteria To Determine An Ldc and Their Evolutionmentioning

confidence: 99%

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An Atypical Approach to Graduation from the LDC Category: The Case of Bangladesh

Bhattacharya

Borgatti

2012

South Asia Economic Journal

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From the creation of the category in 1971, the number of least developed countries (LDCs) has almost doubled to account for 48 members by 2011. Only three countries have managed to exit from the category thus far, and two more are in the pipeline. The recognition of the difficulty of leaving the category is entrenched in the overarching goal of the Fourth UN Conference on LDCs, which specifically calls for halving the number of LDCs within the next decade. The existing asymmetries between the entrance and the graduation criteria have favoured inclusion. Of the three exit criteria, those countries that have graduated, or are in the process of doing so, have all met the low-income exit threshold. This study argues for a graduation path that is not linked to income performance, rather on human capital development. In so doing, it identifies a different, non-conventional route to graduation. Bangladesh makes a good example for it as it is through the development of its human capital assets that it could (a) stop being an LDC and (b) accelerate its rate of economic and income growth. If the appropriate human capital enforcement policies are implemented in the coming 22 years, Bangladesh could meet the graduation thresholds by 2027, graduate out of the LDC group in 2033 and keep all the benefits linked to the LDC status until 2036. At the domestic level, actions aimed at leaving the LDC category have to be framed by, and within, a national employment-generating strategy. The article concludes with specific policy recommendations, particularly related to human capital development, for nearing the estimated graduation date. JEL: O10, O29, O53

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Section: The Least Developed Country Categorymentioning

confidence: 99%

Section: The Least Developed Country Categorymentioning

confidence: 99%