Making Globalization Work for the Least Developed Countries United Nations Development Programme UN Office of the High Representative for the Least Developed Countries, Landlocked Developing Countries and the Small Island Developing States Republic of Turkey United Nations Development Programme One United Nations Plaza New York, NY 10017 www.undp.org Making Globalization Work for the Least Developed Countries March 2008 [...]... Intellectual Property Organization WTO World Trade Organization 11 12 Making Globalization Work for the Least Developed Countries Introduction T he ‘Istanbul Declaration on Least Developed Countries: Time for Action’, which was issued at the conclusion of the United Nations Ministerial Conference of the Least Developed Countries (LDCs) Making Globalization Work for the LDCs’ in July 2007, reaffirmed the international... Group Enhanced Integrated Framework for Trade-Related Technical Assistance to Least Developed Countries EPA Economic Partnership Agreement FAO Food and Agriculture Organization of the United Nations FDI Foreign Direct Investment FTA Free Trade Agreement GATS GDP GNI General Agreement on Trade in Services gross domestic product gross national income 10 Making Globalization Work for the Least Developed... side to globalization coexists, manifested in increasing, unprecedented inequalities both between and within the vast majority of countries 14 Making Globalization Work for the Least Developed Countries In terms of trade, fully funding the Enhanced Integrated Framework Trust Fund and providing a broader Aid for Trade package which supports trade-related infrastructure, adjustment and other costs will... themes, and one background paper entitled Globalization and the Least Developed Countries’ The Inclusive Globalization Cluster of the Poverty Group of the Bureau for Development Policy of UNDP was responsible for the substantive preparation of the conference papers, with important inputs from UNCTAD ( Globalization and the LDCs: Issues in trade and investment’ and Globalization and the Least Developed... community’s commitment to the Programme of Action for the Least Developed Countries for the Decade 20 01- 2 010 and highlighted the opportunities and challenges of the current phase of globalization for the poorest and most vulnerable countries LDC ministers recognized and affirmed that the process of globalization and interdependence is potentially a powerful and dynamic force that can contribute to growth,... than $2 a day — now accounts for just five percent of all global income Such inequalities 13 extend beyond income and wealth, and are underpinned by inequalities in opportunity, power and development outcomes Partly as a result, the LDC share of world merchandise exports fell from nearly 3 percent in 19 50 to below 1 percent in 2004 The evidence also suggests that most LDCs remain trapped in a vicious... property frameworks that systematically and genuinely operationalize special and differential treatment in favour of developing countries, especially low-income countries This will require considerable political will on the part of OECD countries While many posit that globalization has led to substantial gains in the well-being of millions of people around the globe, a darker side to globalization. .. for providing support in the preparation of the publication They include Nelly Ahouilihoua, Paola Babos, Annie Concha, Zamira Eshmambetova, Fred Kirungi, Carol Sakubita and Harriet Schmidt 8 Making Globalization Work for the Least Developed Countries UNDP is grateful to their staff for their diligent efforts in ensuring the success of the conference and the overall coordination and preparation of this... human development if appropriately managed It is hoped that this publication, which comprises the papers and statements prepared and presented at the UN Ministerial Conference of the LDCs, Making Globalization Work for the LDCs’, will draw attention to issues and challenges facing LDCs and will provide policy makers, practitioners and academics in LDCs with important policy guidance on the way forward... Millennium Development Goals: The challenges and opportunities of globalization was prepared by Minoru Takada, Kamal Rijal and Ellen Morris from the Environment and Energy Group, Bureau for Development Policy, UNDP This chapter benefited from comments provided by Olav Kjørven, Philip Dobie, Abul Barkat, Abeeku BrewHammond and staff in the Inclusive Globalization Cluster of the Poverty Group in the Bureau for . challenges and opportunities of globalization 11 2 Round table on issues in energy: Summary of discussions 2 Making Globalization Work for the Least Developed Countries 11 5 Istanbul Declaration on. Nations Plaza New York, NY 10 017 www.undp.org Making Globalization Work for the Least Developed Countries March 2008