Growth, Poverty and the Terms of Development Partnership
"Least developed countries are achieving record rates of economic expansion, but growth is failing to trickle down into significantly improved well-being for the majority of their population. The Least Developed Countries Report 2008 argues that this results from the type of economic growth and development strategy that these countries are following. In order to decisively reduce material deprivation and embark on economic and social development, LDCs need to adopt new types of development strategies that are nationally formulated and owned. One of the elements of this change is to adopt management policies for the official development aid they receive." Source: United Nations Conference on Trade and Development
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