UNCTAD policy brief: enhancing productive capacities and transforming LDCs

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”

Key points:

  • 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.