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Beyond Shifting Wealth

Perspectives on Development Risks and Opportunities from the Global South

image of Beyond Shifting Wealth

Emerging and developing countries have grown faster than advanced countries since the 2000s. This shifting weight of global economic activity from 'the West' to 'East and South' is referred to as 'shifting wealth'. But in recent years, a number of factors, such as lower commodity prices, seem  to have brought this movement to a pause. Is the period of rapid growth in the emerging world over? This anthology takes stock of the situation and goes beyond the 'shifting wealth' narrative. It offers a forward-looking perspective on global risks and development opportunities over the next 15 years. It collects the perspectives of thought leaders from developing and emerging economies, offering their views and solutions on the most pressing global development challenges.

The first chapter provides the OECD Development Centre's analysis of major development trends. These trends include: slowing growth in China, the end of the commodity super cycle, increasing difficulty accessing global financial markets, demographic transitions, faltering job creation, rapid urbanisation, the negative effects of climate change and conflict and security. These challenges also provide development opportunities. Twelve thought leaders and development practitioners from the global South explore these opportunities in four thematic chapters. They deal with issues such as: structural transformation in a new macro environment; inclusive societies; energy and the environment; and new forms of development co-operation.

The anthology provides a starting point for dialogue and exchange on these risks and challenges as well as potential solutions to them.

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New forms of development co-operation

OECD Development Centre

Chapter 5 is concerned with new and improved forms of development co-operation at a time when the concept of development itself is in transition. The universal SDGs agenda make it apparent that aid is no longer sufficient to achieve shared development goals; this point is made more pertinent as countries graduate from ODA eligibility – development goes beyond income thresholds. Debapriya Bhattacharya and Sarah Sabin Khan argue that the LDCs represent a key “battleground” for the implementation of the SDGs agenda and outline three policy areas on which the international community could focus to prevent them from being left behind. Andrea Vignolo and Karen Van Rompaey write about the need for new forms of development co-operation as countries graduate from ODA eligibility.

English

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