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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 term "Global South", in contrast, was intended to be less hierarchical. [4] Compared to the alternatives, the term has been deemed useful as it constitutes a lens through which this group of countries keep seeing and narrating their problems in a distinctive way vis-à-vis "developed" countries in Europe, North America and Asia. [21]
It is a standard means of measuring well-being. It is used to distinguish whether the country is a developed, developing, or underdeveloped country, and also to measure the impact of economic policies on quality of life. Countries fall into four broad categories based on their HDI: very high, high, medium, and low human development.
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]
Developing countries may volunteer to become Annex I countries when they are sufficiently developed. Least-developed countries (LDCs): 49 Parties are LDCs, and are given special status under the treaty in view of their limited capacity to adapt to the effects of climate change. [5]
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 ...
In the 1970s, "less developed countries" (LDCs) was the common term for markets that were less "developed" (by objective or subjective measures) than the developed countries such as the United States, Japan, and those in Western Europe.
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. [114]: 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. [110]