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The Least Developed Countries Report 2011: The Potential Role of South–South Cooperation for Inclusive and Sustainable Development will be presented to the Board.
This year, the Report will review the LDCs’ economic performance over the last decade and provide a discussion of the potential role the emerging economies in the South could play in their economic development through the development of their productive capacities that would lead toward a more favourable integration into the global economy.
In the light of the current economic difficulties facing traditional development partners, and the strong growth performance of LDCs over the last decade having often been neither inclusive nor sustainable, LDC governments need to consider the implications of South–South based development paths which tap into the dynamic growth poles in the South.
The interactive role of the catalytic development State and South–South cooperation and regional developmentalism in helping to build alternative growth trajectories is explored in the Report.
The Report finds that, in order to benefit from evolving South–South relations, LDCs need to transform their States into catalytic development States that are highly sensitive to LDC vulnerabilities and offer new policy agendas.
This entails defining relations between LDCs and their Southern development partners to derive gains and minimize threats, and formulating proposals for new modalities of shifting external surpluses, from South to South, to contribute to the long-term financing of LDCs’ productive capacities, buffered by developmental regionalism.
