Least developed countries need economic diversification: UN report

Diversifying manufacturing within a nation, rather than just relying on commodity exports is crucial to boosting the economies of the least developed countries, according the UN International Labour Office (ILO).

Sports Factory. Sialkot. Pakistan

The ILO’s report – Growth, Employment and Decent Work in the Least Developed Countries – reviews trends in growth, employment and decent work. It also highlights the challenges and opportunities for job creation and poverty eradication.


Jose Manuel Salazar, the Executive Director of the Employment Sector of ILO says that the average productivity of the LDC’s is still as a group of countries the lowest in the world.

“Promoting growth of manufacturing and this is one of the conclusions of the report has important developmental effects. The policy challenge is than to accelerate growth but not just higher growth per se but to improve the quality of that growth in terms of having a more diversify production structure and a more socially inclusive job reaching pattern of growth.”

A conference on least developed countries will be held in Istanbul May 9-13 to promote a 10-year programme for food security, decent work, disaster risk reduction, climate resilience and clean energy growth.

Duration: 22″

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