By United Nations

The repeatedly excessive occurrence of poverty, negative institutional means, insufficient human assets, low degrees of monetary and export diversification and insufficient infrastructure, melded with major exterior debt burdens and reduced inflows of authentic improvement advice, have coerced the least built international locations within the Asian and Pacific zone right into a place during which they often became the weakest phase of the foreign neighborhood. the current booklet is a suite of papers offered on the assembly on governance and trade-related matters in least built international locations of the area which aimed to handle the socio-economic demanding situations confronted by way of those nations.

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Extra info for Challenges of the Least Developed Countries: Governance and Trade (Least Developed Countries Series)

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Therefore, the priority is to set up institutions of government that will contribute to national stability. Traditional structures can play a key role in conflict management and resolution. Adequate attention needs to be paid to local political realities; • A strong field presence with sufficient decentralized decision-making powers is required; 3. Lessons learned from interventions in post-conflict countries During the decade following a conflict, the absorptive capacity of postconflict countries may be as much as double that of normal low-income countries, with a peak in capacity absorption occurring in the middle of the decade.

Hence, there is a gradual shift of aid resources into countries showing greater improvements in governance. These efforts to use governance indicators as a sound basis for determining eligibility for aid assistance ought to be welcomed. Nonetheless, such indicators must be used with caution since many of them still rely on subjective data with significant margins of error, and sovereign countries continue to reject measurement of their performance in securing political freedoms and civil rights.

The ratio of total trade to GDP in the least developed countries of Asia increased from 27 to 72 per cent of GDP during the 1990s. Exports from these least developed countries more than tripled between 1990 and 1998. Imports to these countries also rose substantially during this period, thereby reducing prices for consumers and increasing competition among producers. 19 per cent, remains negligible and market concentration is high, with two thirds of their exports destined for Canada, Japan, the United States and the European Union.

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