The Least Developed Countries (LDC) need support from the international community to develop productivity to recover from the economic impact of the novel coronavirus disease (COVID-19) pandemic, according to the United Nations Conference on Trade and Development (UNCTAD).
The UN Agency, in Least Developed Countries Report 2021 released September 27, 2021, called for increased investment in state and productive capabilities for the LDC group.
UNCTAD defines productive capacities as the productive resources, entrepreneurial capabilities and production links that together determine a country’s capacity to produce goods and services and enable it to grow and develop.
UNCTAD builds productive capacities through the utilisation of its Productive Capacities Index (PCI), which demonstrates that differences in socio-economic development across countries and regions are a consequence of gaps in their productive capacities.
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