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The Fourth UN Conference on Least Developed Countries (LDC-IV) was held in Istanbul, Turkey, on 9–13 May 2011. It was attended by Ban Ki-moon, the head of the UN, and close to 50 prime ministers and heads of state. The conference endorsed the goal of raising half the existing Least developed countries out of the LDC category in 2022.
The landlocked developing countries (LLDC) are developing countries that are landlocked. [1] Due to the economic and other disadvantages suffered by such countries, the majority of landlocked countries are least developed countries (LDCs), with inhabitants of these countries occupying the bottom billion tier of the world's population in terms of poverty. [2]
The Committee is also responsible for deciding which countries can be considered least developed countries (LDCs). [ 1 ] The Committee has 24 members, nominated in their personal capacity by the United Nations Secretary-General and appointed by ECOSOC for a period of three years. [ 1 ]
G90 nations, unable to enforce or afford countervailing measures, or compete with the subsidized economies of wealthier nations, formed the trade block in order to ensure a collective voice on issues of importance to landlocked and island economies, less developed countries, and commodity-dependent nations.
A dual economy is the existence of two separate economic sectors within one country, divided by different levels of development, technology, and different patterns of demand. The concept was originally created by Julius Herman Boeke to describe the coexistence of modern and traditional economic sectors in a colonial economy.
The office has several roles for its client group. For the Programme of Action for the Least Developed Countries, it helps to ensure implementation of the program and supports the UN Economic and Social Council in assessing progress. It supports follow-up of the Almaty Declaration and Programme of Action for Transit Transport Cooperation ...
The economies in Least Developed Countries have lost an average of 7% of their gross domestic product for the year 2010, mainly due to reduced labor productivity. [113]: 14 Rising sea levels cost 1% of GDP to the least developed countries in 2010 – 4% in the Pacific – with 65 billion dollars annually lost from the world economy. [109]
In the Istanbul Programme of Action (IPoA) for the Least Developed Countries (LDCs) for the Decade 2011–2020, adopted in 2011, [2] [3] the Least Developed Countries called for the establishment of a “Technology Bank and Science, Technology and Information supporting mechanism, dedicated to least developed countries which would help improve least developed countries’ scientific research ...