Pacific Ldcs News Today

LDCs are plagued by a myriad of exogenous shocks, including climate change and natural disasters, which disproportionately affect their economies and societies. These countries, especially low-income Small Island Developing States (SIDS), are most vulnerable to the physical effects of climate change despite having contributed the least to global warming (Guillaumont and Simonet, 2014). They are vulnerable because their economies depend mostly on agriculture, commodities and tourism. Unfortunatel...

The decade 2011-2020 proved challenging for LDC trade, including for the 14 Commonwealth LDCs. As the preceding chapter discussed, the inherent structural vulnerabilities in LDCs, together with pre-pandemic economic headwinds and COVID-related supply and demand disruptions at the end of the IPoA implementation period, exacerbated these trade challenges. The IPoA sought to double the share of LDCs in global exports to 2 per cent by 2020. However, despite absolute growth in their exports during th...