Least-Developed Countries

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Least-Developed Countries

The countries with the lowest GDP relative to the remainder of the world. The least developed countries are characterized by little or no industry and/or a high dependence on foreign aid. Some of the least developed countries are dependent on worker remittances from relatives working in other countries. See also: International development.
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"The creation of the Technology Bank responds to the proposition that science, technology and innovation are essential elements to transform the economies of the LDCs, promote economic growth and enable countries to address their technology gaps and support their economic diversification and productive capacity building strategies,"Fekitamoeloa Katoa Utoikamanu, under secretary-general and high representative for the Least Developed Countries, Landlocked Developing Countries and Small Island Developing States, said.
During that time period, the population of the least developed countries grew nearly 10 times as fast as the more developed countries.
Department for International Development (DFID) figures show that in 2013, the 10 biggest recipients of bilateral UK aid included five ranked as among the world's least developed countries - Ethiopia, Bangladesh, Afghanistan, the Democratic Republic of Congo and Tanzania - but also India, which the UN ranks as the 10th largest economy in the world, and Nigeria (26th).
Least developed countries also benefit from a general extension of the deadline to protect intellectual property and implement other WTO intellectual property obligations, including for pharmaceuticals, the WTO said.
The world's 49 least developed countries (LDCs) are the battleground on which the post-2015 development agenda will be won or lost, the report said.
Under the development heading, the draft decisions concerned duty-free, quota-free access for least developed countries to export to richer countries' markets; simplified preferential rules of origin for least developed countries, making it easier for these countries to identify products as their own products and qualify for preferential treatment in importing countries; a "services waiver," allowing least developed countries preferential access to richer countries' services markets; and a "monitoring mechanism," consisting of meetings and other methods for monitoring special treatment given to developing countries, the WTO said.
Since 2009, nine least developed countries (LDCs) have announced plans or strategies incorporating elements of both low-carbon development and resilience to climate change.
The Doha Development Round, which was launched in 2001, was designed to support the global economy and help developing countries and least developed countries to integrate into the global economy, he pointed out.
The eight fold increase over the last 21 years from citizens of 48 of the world's least developed countries was documented in a report presented at the United Nations Conference on Trade and Development (UNCTAD) held in Ethiopian capital, Addis Ababa on Monday.
There are 89 beneficiaries of the reformed GSP: 49 least developed countries under the Everything but arms' scheme and 40 other low and lower-middle income partners.
IDENTIFYING THE LEAST DEVELOPED COUNTRIES by Patrick Guillaumont, Paris: Economica, 2010, xiv + 386 pp., $ 54,95, ISBN-13: 978-2717857993
ISTANBUL, May 14, 2011 (TUR) -- Fourth United Nations Conference on Least Developed Countries on Friday ended in Istanbul, as the conference adopted an action plan for the next ten years for LDCs as well as an Istanbul Declaration.

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