The victory of the National People’s Power (NPP) candidate, Anura Kumara Dissanayake, in the Sri…
The Impact of the Global Economic Crisis on Industrialization of Least Developed Countries Mehdi Shafaeddin
The financial crisis and the resulting global economic crisis is a wake-up call for LDCs and other developing countries to reconsider the “market-oriented” approach to industrial and development strategies. Debunking the “one-size-fits-all” strategy, the author recommends some common as well as specific policy proposals for industrial development of various LDCs. Further, in order to avoid the risk of human tragedy, particularly in Sub-Saharan countries, he argues for changes in the WTO rules, reconsideration of policies of IFIs towards LDCs, and resistance to the proposed Economic Partnership Agreements (EPAs).
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