Marginalisation of the LDCs

Arnold, Guy, African Business

Few African countries have not yet felt the impact of the globalisation of the world economy. For a very few this represents an opportunity to make the crossover to the ranks of the developed nations; for the rest, this is a process to which they are little more than spectators. But what of the Least Developed Countries? Will they be cast on the scrap-heap of history? Guy Arnold reviews a report from UNCTAD and ponders the issue.

The Least Developed Countries 1996 Report by UNCTAD, the 12th of a ties, makes gloomy reading. The main issues examined are the accelerating speed of both globalisation and liberalisation of the world economy. In a nutshell, this means that business now moves across national boundaries, which are becoming increasingly irrelevant, to set up operations where the biggest markets, the cheapest …

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Publication information: Article title: Marginalisation of the LDCs. Contributors: Arnold, Guy - Author. Magazine title: African Business. Issue: 214 Publication date: October 1996. Page number: 35. © 2009 IC Publications Ltd. COPYRIGHT 1996 Gale Group.

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