Perspectives on Global Development 2013
Industrial Policies in a Changing World
First launched in 2010, Perspectives on Global Development (PGD) is OECD’s annual publication on emerging development issues. The PGD takes the new geography of economic growth, poverty and power as a point of departure. Each year, the report identifies, analyses and provides evidence and policy solutions to the most pressing global development challenges in the new multipolar world. It provides an overview of global trends and structural transformations in the world economy and informs policy makers in developing countries on the implications in the formulation and implementation of national policies. Each year, the report focuses on a different topic covering diverse socio-economic facets of development from trade, development finance, infrastructure, production development and innovation to gender, employment, migration, fiscal and social policies.
During the past decade, the global economic centre of gravity has shifted eastwards and southwards, creating new opportunities for economic co-operation, trade and investment but also new challenges. This “shifting wealth” is a game changer for economic policy and is at the centre of the first three editions of the Perspectives on Global Development, which document the phenomenon (PGD 2010) and analyse its implications for social cohesion (PGD 2012) and productive growth strategies (PGD 2013).
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Bridging infrastructure gaps
OECD Development Centre
Any successful transformation strategy requires effective infrastructure planning and development to build the necessary domestic and foreign linkages. Significant gaps in the provision of infrastructure hold back competitiveness and the expansion of production in developing countries. These economies therefore need to invest more in infrastructure but above all to improve the effectiveness of public infrastructure policies. Co-ordination between different agencies in charge of such policies is essential for overcoming multiple gaps, including coverage, access and costs. Using recent data from a survey of policy makers, this chapter identifies ways to improve the policy-making process for infrastructure and the management of public and private financing options.
Also available in: French
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