Asia's Landlocked Developing Countries: Structural Transformation, Poverty Reduction and Financing for Development

Asia's Landlocked Developing Countries: Structural Transformation, Poverty Reduction and Financing for Development

Date: 
Monday, December 2, 2019
Type: 
Public information and advocacy materials
ISBN: 
978-92-1-120799-6
Abstract

This report highlights the role of structural transformation in reducing poverty in Asia’s landlocked developing countries. It emphasizes the relevance of structural transformation to these economies, and particularly to those that are landlocked least developed countries, which are still dominated by the agrarian sector, and in which many people live below the poverty line of $3.20 a day.

To accelerate structural transformation, Asia’s landlocked developing countries must focus on economic diversification and on reducing their dependency on extractive industries, including through foreign direct investment and mitigation of the consequences of premature deindustrialization. Landlocked least developed countries also require extra support in financing their development. Given their lack of resources and the particular structural impediments that those economies face, they need additional capacity to mobilize financial means, both internal and external, in order to embark on an effective trajectory of structural transformation to reduce poverty and pursue sustainable development.

This report discusses these topics and provides pertinent policy recommendations to help address policy gaps and development challenges of landlocked developing countries, including landlocked least developed countries, and support the implementation of the Vienna Programme of Action for Landlocked Developing Countries.

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