THE LEAST DEVELOPED COUNTRIES IN THE INTERNATIONAL COMMUNITY AND THEIR PROGRESS TOWARDS ACHIEVING MILLENNIUM DEVELOPMENT GOALS

Jiří Sýkora

Acta Oeconomica Pragensia, 2008, vol. 2008, issue 4, pages 92-102

Abstract: The aim of this paper is to describe the current situation of the least developed countries (LDCs). After briefly explaining their historical development, this paper presents the current definition criteria for LDCs as well as their up-to-date list. The position of the LDCs within the international community is briefly explained on the example of changing strategies of international development partners towards achieving progress in the LDCs. Finally, the progress of the LDCs towards achieving the Millennium Development Goals (MDGs) is assessed. The assessment shows that if the current development is not accelerated, the majority of the MDGs will not be met by 2015 as planned. In the recent past it was thought that the right way to speed up the economic and social developments in the LDCs is their growing engagement in international trade. This paper shows empirical evidence of the impacts international trade has had on the LDCs' economies in the recent past. It proves again that the solution for the LDCs does not lie in any single measure. To significantly decrease the proportion of the population living in poverty in any country, the country must be able to provide its people with a sufficient number of paid employment opportunities.

Keywords: Least developed countries; International trade; Millennium development goals (search for similar items in EconPapers)
JEL-codes: F43 O10 O19 (search for similar items in EconPapers)
Date: 2008

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