Caught in a Trap: Identifying the Least Developed Countries - Softcover

Guillaumont, Patrick

Softcover

ISBN 10: 2717857990 ISBN 13: 9782717857993

Publisher: Economica, Editions, 2009

Synopsis

The United Nations recognizes 49 countries as ""least developed"" -the low-income countries suffering most from structural handicaps to growth and thus deserving special treatment from the international community. Patrick Guillaumont has chaired the group that identifies least developed countries (LDCs) at the UN Committee for Development Policy for the past ten years. In this book, he explores the meaning of ""least developed"" and the rationale for the LDC category. The book presents a history of the category and its conceptual and empirical grounds in growth economics. It assesses the two main criteria of structural handicaps: a human assets index and an economic vulnerability index. It considers how they can be aggregated in a structural handicap index to refine the identification of the LDCs and whether they could be combined with income per capita in a synthetic ""least likely to develop"" index. Through its examination of the LDC category, this book explains why some low-income countries seem to have been caught in a poverty trap while some others have escaped.

About this title

About the Author

Patrick Guillaumont is professor emeritus at the University of Auvergne in France and president of the Foundation for Studies and Research on International Development (FERDI).

Edition details

• Publisher: Economica, Editions
• Publication date: 2009
• Language: English
• ISBN 10: 2717857990
• ISBN 13: 9782717857993
• Binding: Paperback
• Number of pages: 400