Global: Statement by the South Centre at high-level panel on trade

In this statement, the South Centre provides a counter argument to the idea that lower developed countries (LDCs) are not integrated in the world economy as the reason for their marginalisation. 'This is not true. Many LDCs have higher exports to GNP ratio than some developed countries. It is the way in which the LDCs are integrated in trade that has been a disadvantage. LDCs are too dependent on raw materials export, and prices of commodities have had a long-term trend decline, thus causing major revenue and income losses for LDCs.'