Austrian Delegation

Herbert Kröll, Head of the Austrian Delegation

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LDC III Statement on May 14, 2001

 

 

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Ladies and Gentlemen,

 

This morning, during the opening of LDC III, the needs of the LDCs’ and the challenge of “how can we reach the international development goals” have been dealt with extensively, emphasizing many aspects.

I associate myself in particular with the remarks on the eradication of poverty made by UNSG Kofi Annan, EC President Prodi and the Swedish EU Council President, PM Persson.

Therefore I will now concentrate on two aspects which Austria considers very essential and which are nevertheless almost absent in the international development discourse, for they do not yet receive the attention they deserve. I mean the issue of economically and ecologically sustainable energy, and second, the issue of industry as a driver of productive growth.

 

Energy services are indispensable for human survival and development.  They play a critical role across the whole spectrum of development activities.  Of the three billion people living in rural areas in developing countries today, nearly 2 billion still have neither access to nor can pay for modern energy carriers, such as electricity and/or liquid or gaseous fuels.  These energy carriers provide essential energy services such as heating, motive power, lighting and cooling (refrigeration), thus seriously reducing the income opportunities and quality of life.  The switch to modern energy services for two billion people would amount to only 3% of global oil consumption–when measured in terms of oil equivalent units–as relatively small amounts of absolute energy are involved.

 

Yet such access would lead to vast gains in terms of human development, in the social and economic well being of the women, men and children concerned, who are currently among the poorest segments of the world’s population.  Increased access to modern, reliable and clean energy services is a necessary precondition for sustainable development and poverty eradication.

 

Let me now come to my second issue: productive capacity development and the role of industry.

LDCs need open markets, they need market access as it is granted by the EBA initiative of the EU: tariff- and quota-free access for all products of the LDCs.

However, market access is not everything. You need good governance, know how, roads, ports, and energy. And, of course, you need goods and services to sell: exports. The LDCs’ share of world exports is declining. Many LDCs are stuck in a situation with no or not enough exportable goods. Many are stuck with a few primary products with deteriorating terms of trade. Often LDCs are synonymous with least industrialized countries. Economic decline in most LDCs is intrinsically linked to the lack of recognition of the development contribution of industry, and in particular manufacturing. Without enhancing the role of industry, a sustainable path of economic development will not be achieved. It is industry more than any other productive sector that drives the economic growth process, provides a breeding ground for entrepreneurship, fosters technological dynamism and associated productivity growth, creates skilled jobs, and, through inter-sectoral linkages, establishes the foundation for both agriculture and services to expand. Prices of manufactured exports are both less volatile and less susceptible to long-term deterioration than those of primary goods providing the potential for sustainable export growth and integration into the global economy. In a nutshell: Unless competitive production is built up, unless supply-side capacities are created, the LDCs will be unable to benefit from liberalized trade flows and will fail to integrate into the global economy.