LDC = Least Developed Country. These are the countries that are at the very bottom of the food ladder, so to speak. Here is a list of the LDC's.
(Source)
One of the questions the World Bank and the World Trade Organization is how to lift the LDCs out of their state. What should be the prioritized methods to lift the countries? What truly works?
Here is a quote from a recent article on the World Bank website about this:
Recent work and experience from the World Bank Group suggests a number of priorities in addressing these requirements.
A first priority must be to identify barriers to services trade and assess the full range of constraints on the competitiveness of LDCs’ services sectors. The issues covered in the LDC collective request at the WTO are a start, but a great deal more needs to be done.