The Least Developed Countries Report, 2010

The global financial and economic crisis highlight the urgent need to move beyond business as usual and, through concerted international action, foster more stable and inclusive global development.The Report calls for the creation of a new international development architecture (NIDA) for the LDCs aimed at: a) reversing their marginalization in the global economy and helping them in their catch-up efforts; (b) supporting a pattern of accelerated economic growth and diversification which would improve the general welfare and well-being of all their people; and (c) helping these countries graduate from LDC status.The Report argues that these objectives can be achieved if there is a paradigm shift that supports new, more inclusive development paths in LDCs. This requires the State to play a more developmental role in creating favourable conditions for job creation, capital accumulation, technological progress and structural transformation.