Shifting Wealth is the first edition of Perspectives on Global Development, a new annual publication from the OECD Development Centre. Shifting Wealth examines the changing dynamics of the global economy over the last 20 years, and in particular the impact of the economic rise of large developing countries, such as China and India, on the poor. It details new patterns in assets and flows within the global economy and highlights the strengthening of "south-south" links - the increasing interactions between developing countries through trade, aid and foreign direct investment. What do these changes imply for development and development policy? The report explores potential policy responses at both national and international levels. Nationally, developing countries' need to re-position their development strategies to capitalise on the increasing potential of south-south co-operation and to fully benefit from new macroeconomic drivers. Internationally, the global governance architecture needs to adjust to better reflect current economic weights. "Perspectives on Global Development is a landmark report about the biggest economic story of our era. It describes and analyses the new economic world we live in, where countries in Asia, Africa and Latin America provide the dynamism for future growth. It shows how this shift in the economic centre of gravity is cause for optimism, rather than consternation." --Alan Hirsch, Deputy Director General: Policy, South African Presidency "Based on the irrefutable fact that some developing economies have grown very rapidly in recent decades, some of this study's analytical and policy conclusions will undoubtedly contribute to important debates as the world strives to draw appropriate lessons from the varied experiences of the last two decades, and especially the last two years." --Jomo Kwame Sundaram, UN Assistant Secretary General for Economic Development "In this volume, the OECD Development Centre lays bare a new era of economic development. But in doing so, it poses the big questions of sustainability - namely, what development means for the social, political, and economic fabric of an increasingly globalised world." --Stephen S. Roach, Chairman, Morgan Stanley Asia
Format:Paperback
Language:English
ISBN:9264084657
ISBN13:9789264084650
Release Date:August 2010
Publisher:Org. for Economic Cooperation & Development
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