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Assessing the Economic Gains of Free Market Access for the Least Developed Countries in the QUAD

By Rune Jansen, Hagen Ottar Mæstad and Arne Wiig


49 countries of the world are currently designated as “least developed ” by the General Assembly of the United Nations. The combined population of the Least Developed Countries (LDCs) is 637.4 million. This amounts to 13.4 % of the total population of all developing countries. Their average GDP per capita is 288 USD, or less than a dollar a day (UNCTAD 2002). The LDCs ’ share of world trade has declined from 0.8 % in 1980 to less than 0.5 % today (WTO 1997). They have also had much Rune Jansen Hagen*, Ottar Mæstad * and Arne Wiig** Assessing the Economic Gains of Free Market Access for th

Year: 2015
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