STRUCTURAL TRANSFORMATION OF LDCS: PAST PERFORMANCE AND FUTURE CHALLENGES

Rolf Traeger ()
Additional contact information
Rolf Traeger: United Nations Conference on Trade and Development (UNCTAD)

Asia-Pacific Sustainable Development Journal, 2024, vol. 31, issue 2, 31-59

Abstract: The objective of this paper is to provide an analysis on how structural transformation of the economies of least developed countries (LDCs) since the establishment of the category in 1971 has been contributing to their development. To do this, changes in the sectoral composition of their output, employment and exports, and developments in labour productivity are analysed. LDCs have become increasingly differentiated, between regional groups and within themselves, and major factors underpinning this divergence are examined. The results indicate the challenges these countries face in sustaining and accelerating their development and the policy priorities required to reach this goal.

Keywords: least developed countries; structural transformation; industrialization; deindustrialization; services sector; productivity; natural resources; reprimarization. (search for similar items in EconPapers)
JEL-codes: O11 O13 O14 O19 O47 (search for similar items in EconPapers)
Date: 2024
References: Add references at CitEc
Citations:

Downloads: (external link)
https://repository.unescap.org/bitstream/handle/20 ... J-v31-n2.pdf#page=43 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:unt:japsdj:v:31:y:2024:i:2:p:31-59

Access Statistics for this article

More articles in Asia-Pacific Sustainable Development Journal from United Nations Economic and Social Commission for Asia and the Pacific (ESCAP) Contact information at EDIRC.
Bibliographic data for series maintained by Office of the Executive Secretary, ESCAP ().