The world’s poorest countries are rethinking economic policies that - even during periods of breakneck growth - have failed to provide quality employment capable of matching a demographic boom.
The number of "least developed countries" (LDCs), which rose from the original 24 back in 1971 to the current 49, is beginning to shrink - haltingly.
Almost five years have passed since the global financial crisis, and the world economy is still reeling from its consequences. The main reason for this is the continued stagnation in developed countries, which is adversely affecting economic dynamism in other regions.
The global repercussions of the 2007-2008 financial crisis are a stark reminder of the economic interdependence in our globalising world. No country was spared from the shock waves that originated in the financial systems of developed economies.
Remittances to the world’s poorest countries reached a record 27 billions dollars in 2011, according to a report released Monday by the United Nations Conference on Trade and Development (UNCTAD) in Geneva.