1. The “ recovery ” from the crisis and the prospects for LDCs Igor Paunovic Economic Affairs Officer, Research and Policy Analysis Branch, ALDC

2. Content of the presentation “Recovery” from the crisis in LDCs World economy after the crisis of 2008- 2009 Short- and medium-term prospects for LDCs Long-term prospects for LDCs Policy lessons

3. “Recovery” from the crisis in LDCs

10. World economy after the crisis of 2008-2009

11. Pre-crisis model based on imbalances Crisis – large fiscal and monetary stimulus The worst avoided, but at what cost? Continuation of the crisis in a different form Two-track economy and the “decoupling” Rebalancing of the world economy “Arab spring” and the impact on LDCs

12. Short- and medium-term prospects for LDCs

16. How far could one go on with the existing model? The crisis as an opportunity for change Towards a paradigm change The ingredients of the new model What is needed from the international community? Development-led globalization

17. Long-term prospects for LDCs

20. Policy lessons

21. Current model based on commodity exports is not sustainable The growth has to be inclusive Diversification and structural transformation are necessary A paradigm shift is needed Development-led globalization would also enhance the possibilities of LDCs