Since the United Nations created the least developed countries (LDCs) list in the 1970s, only six nations have moved off of the list to a higher ranking of development. Vanuatu, an island nation in the South Pacific, became the sixth country to do so on December 4, 2020, after being designated an LDC in 1985. Vanuatu’s graduation from the LDCs list can serve as a beacon of hope for more LDCs to achieve higher rates of development.
Economic Growth
The U.N. Committee for Development Policy (CDP) identifies LDCs based on their level of human assets, environmental and economic vulnerability and per capita income. Since 1991, Vanuatu has met the CDP’s income per capita threshold and was recommended for graduation in 2012, having more than twice the income per capita threshold and also meeting the threshold for human assets. In an effort to pursue graduation, Vanuatu began shifting its economic policies to decrease reliance on imports, increase exports and create employment and income-generating opportunities. Vanuatu’s rural economy grew after improvements in the livestock sector in addition to the country’s diversification of agricultural activities to include timber, kava, coconut oil and copra. The tourism industry and real estate investments were also an aid to Vanuatu’s economic growth as income per person increased by more than 2.5 times between 2002 and 2017.
Vanuatu’s Setbacks
Throughout Vanuatu’s progress in economically developing the country, the nation has also been stymied by recurring natural disasters. The U.N. Conference on Trade and Development estimates that Vanuatu is affected by an average of two to three natural disasters per year and noted that Vanuatu is uniquely affected by natural disasters as its size causes the entirety of the country to be affected as opposed to just specific regions. In 2015, Vanuatu was hit by Cyclone Pam, a Category 5 cyclone that destroyed 50-90% of the country’s shelters and 95% of crops. Cyclone Pam delayed Vanuatu’s previous progress toward graduation and warranted an extension of the country’s grace period to 2020. Additionally, the onset of the COVID-19 pandemic has caused a decrease in the country’s tourism industry. While Vanuatu’s first case of COVID-19 was reported only in November 2020, the pandemic has impacted the nation and its economic sectors.
A Pathway for LDCs
While Vanuatu is the third country in the Asia-Pacific region to graduate from LDC status, following Samoa in 2014 and the Maldives in 2011, it is only the sixth country to graduate overall. On track to move up from LDC status are Angola in 2021, Bhutan in 2023 and São Tomé and Príncipe and the Solomon Islands both in 2024. Vanuatu’s graduation can bring hope to the other 46 countries on the LDC list, especially given the global circumstances in which Vanuatu achieved this feat. The COVID-19 pandemic has effectively stalled worldwide markets and further excluded many LDCs from international supply chains. With the encouragement of Vanuatu’s graduation from the LDCs list during a global pandemic, hope for the four countries scheduled for graduation in the near future increases alongside support from the international community to ensure an eventual zero countries on the LDCs list.
– Caroline Mendoza
Photo: Flickr
In Sopot, Poland, co-founders Bartosz Kruzska and Mikolaj Granuszewski are leading innovations that could change access to clean, drinkable water forever. Startup firm, Nanoseen, is developing the NanoseenX, a water filter made of recycled metal wafers that can desalinate water. The startup, which was ranked as one of the top “15 Chemical Engineering Startups Positioned to Make it Big in 2021” by the Welp Magazine, aims to revolutionize the use and development of nanotechnology to build the most modern products. “Nanoseen is a team of nanotechnology engineers and scientists who prove remarkable properties of NanoseenX nanomaterials as a core component of the company’s products that will help solve many problems related to climate change such as water shortage and plastic pollution,”
For kids of all ages, making a list of toy requests for Santa is one of the most exciting times of the year. Yet for children living in the world’s poorest regions, there is no Santa, presents or toys. UNICEF estimates that across the world,
All around the globe, young girls are forced to end their educational careers early as gender inequality is still quite common. Lack of schooling for young girls limits female participation in the workplace and reinforces patriarchal societies. As of 2018, worldwide totals of illiterate girls from the ages of 5 to 25 outnumbered illiterate boys in the same age group by 12 million. Yet, global female participation in
More than
A healthy learning environment means adequate school supplies and sufficient and quality learning materials. School desks are often less thought of but are also essential resources that impact a child’s learning.
The provision of foreign aid from the United States serves as a multifaceted solution and preventative measure to many issues that ultimately impact the United States. In assisting with the development of under-resourced countries and those afflicted by natural disasters and conflict, the country’s interest in strengthening U.S. eminence in the global political ecosystem is served, as is the initiative to foster and stabilize democracies that are essential in maintaining global peace. Mozambique is one such country that receives aid from the United States. Nearly half of the population lives in poverty and while having managed to combat that statistic with an
The year 2020 brought many different changes to the country of Togo. Because Togo is located in West Africa, its economic sector heavily relies on agriculture. However, drought and wildfires have unfortunately made a grave impact on this sector. Due to a disputed presidential election, Togo has received a substantial amount of refugees from the Ivory Coast seeking safety from political backlash and violence. With the addition of the COVID-19 outbreak, the country now finds itself in a very tight position. On the brighter side, the country recently elected its first female prime minister, who aims to take immediate economic action. This historic event occurred at a crucial time as Togo’s evolving government recently made a substantial investment in crop refining and mineral excavation.
Year after year, Japan consistently ranks as one of the top countries for life expectancy. These top 10 facts about life expectancy in Japan is a reflection of economic developments that occurred since World War II.
Poverty in South Africa has historically been linked with the institution of the racial apartheid regime. The national government began to pass segregationist policies in 1948, with racial discrimination policies only officially dismantling in 1994 when South Africa became a democracy and Nelson Mandela stepped into power. Livestock Wealth is a company that introduced South Africa to “crowdfarming” as a means of supporting farmers and alleviating poverty in the country.