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The
financial crisis and the resulting global
economic crisis is a wake-up call for
LDCs and other developing countries to
reconsider the "market-oriented" approach
to industrial and development strategies.
Debunking the "one-size-fits-all" strategy,
the author recommends some common as well
as specific policy proposals for industrial
development of various LDCs. Further,
in order to avoid the risk of human tragedy,
particularly in Sub-Saharan countries,
he argues for changes in the WTO rules,
reconsideration of policies of IFIs towards
LDCs, and resistance to the proposed Economic
Partnership Agreements (EPAs).
November
26, 2009.
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