From Poverty Trap to Inclusive Development in LDCs

LDCs are caught in a structural poverty trap due to severe underdevelopment of their productive forces, compounded by an unfavourable international environment. This paper contends that in spite of these odds they have a latent potential for evolving national inclusive, sustainable and sustained development strategies. The sooner they embark on this difficult journey, the greater will be their bargaining power in negotiations with the international community, mostly if they succeed in strengthening their common stance and in mustering the support of a reinvigorated non-aligned movement.