13 September 2021. UNCTAD has published a new Policy Brief on “Enhancing productive capacities and transforming least developed country economies through institution-building: Upcoming United Nations conferences and the way forward”
- Expanding and upgrading productive capacities in LDCs is critical to building economic resilience and supporting structural transformation.
- Functional institutions are drivers of productive capacities and economic growth when they formulate and implement effective development policies.
- Strong institutions are needed to facilitate an integrated and inclusive approach to policymaking.
- Use of the Productive Capacities Index can play a critical role in helping LDCs to identify and understand key issues that affect the functioning of institutions.