emg home
Strong quake rocks Crete Serbia, Croatia and Slovenia to jointly participate in third markets Croatian-Israeli economic forum taking place in Israel Greece interested in investing in energy and infrastructure After two months, classes back to normal in schools across Serbia Trilateral meeting in Smederevo kicks off Libyan government: Koussa resigned Malovic: Authorities seize EUR 300 million worth of ill-gotten property First concrete results will appear at the upcoming meetings Josipovic: Psychological and political barriers removed Finnish President supports Serbia's european integration Conference on use of geothermal energy in Kocani Western Balkans and Europe 2020 conference ends in Brussels Mail bomb defused at Greek prison NATO takes command in Libya air operations Libya: Civilian casualties in Tripoli, NATO investigation Council of Europe anti-torture Committee publishes report on Turkey BNR maintains monetary policy rate at 6.25 percent Croatia: Seven trade unions to join in anti-gov't protests Bulgaria extends deadline for Bourgas-Alexandroupolis study New war demographics feature on the ICTY website Albania: Countryman to reach Tirana on Friday GDP in fourth quarter of 2010 grows against same period last year Nis-Leskovac-Vranje gas pipeline deal signed Golden Hill villa stands out for its modesty and beauty Japan and France agree to cooperate in nuclear safety field Explosion of letter bomb in Swiss nuclear agency Kuwaiti government resigns Tadic calls on citizens to freely express their affiliation No talks held on election date Population census delayed until October 1 Cvetkovic, Djelic to open “Competitiveness is the Name of the Game” conference Serbian, Croatian Prime Ministers to meet Government decides to import 100,000 tonnes of wheat End of teachers' strike in sight Price of electricity up 15.1 percent as of April 1
RSS

Gap between poorest countries and others widens

31. March 2011. | 07:15

Source: Tanjug

The wealth gap between the least developed and other countries in the world has widened in recent decades and that trend will continue, unless their structural weaknesses that are the cause of such situations are dealt with, said a UN report by a panel on nine experts, published on Wednesday.

The wealth gap between the least developed and other countries in the world has widened in recent decades and that trend will continue, unless their structural weaknesses that are the cause of such situations are dealt with, said a UN report by a panel on nine experts, published on Wednesday.

Most of the least developed countries have recorded certain economic growth, but they simply generate less development, experts point out, Reuters reported.

A total of 48 nations, out of which more than two-thirds are in Africa, are classified by the UN as Least Developed Countries (LDCs). There are several criteria for a country to be listed in this group, including per capita gross national income of less than USD 905.

The panel, headed by former Malian president Alpha Oumar Konare and former World Bank president James Wolfensohn, studied the impact of a 10-year action program on LDCs launched at a UN conference in Brussels in 2001.

Panel’s recommendations are to be discussed at a conference in Istanbul from May 9-13, when a new LDC program for the next decade will be adopted.

Experts concluded that, despite some economic and social progress, the gap between the least developed and other countries is widening due to flaws in education and health systems, undernourishment of citizens, poor infrastructure, dependence on undeveloped agriculture and limited range of exports.

The average per capita income in the LCDs has fallen from 18 percent of the world average four decades ago to 15 percent in 2008, the report said.

Part of the responsibility for such state lies with the LDCs themselves, since they should negotiate better prices for their commodities, fight corruption more efficiently and seek the return of stolen assets.

It is pointed out, however, that foreign aid is fundamental for LCDs’ faster progress. Donor countries should increase their aid to the LDCs to 0.15 percent of their gross national income by 2013 and to 0.2 percent by 2015.

Among other goals are granting duty- and quota-free access for exports of LCDs, getting their official bilateral and multilateral debt reduced, and doubling their agricultural productivity and school enrollment.

The UN earlier said that it wants to halve the number of LDCs by 2021. Since 1970, however, only three countries have managed to get out of the group - Botswana, Cape Verde and the Maldives.

Share:

Del.icio.us
Digg
My Web
Facebook
Newsvine

Enter text:

<<

28. March - 03. April 2011.

>>