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Fostering Development in a Global Economy

A Whole of Government Perspective

image of Fostering Development in a Global Economy

What does policy coherence for development mean? Increasing global integration through trade, capital and labour mobility brings increasing mutual responsibilities and mutual policy repercussions. These realities call for greater coherence between the various OECD country policies that shape and impact today’s rapidly evolving global economy.

The essays in this volume address controversial policy issues affecting development today, ranging from increasing capital flows, financial regulation and socially responsible investment to achieving the Millennium Development Goals. This collection represents an important contribution to the knowledge of the effects of interdependence and policy coherence on the relationship between OECD countries and the developing world.

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The Shifting Balance in the Global Economy

The combination of increasing global integration and internationally agreed development goals puts pressure on OECD countries to share the economic advantages of the market economy. They need to ensure that the global system is flexible enough to adapt to changes in economic power and that the dispossessed are not left behind.

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