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Perspectives on Global Development 2013

Industrial Policies in a Changing World

image of Perspectives on Global Development 2013

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).

English Chinese, French

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Editorial

OECD Development Centre

The world has undergone profound and rapid transformations over the past decade, with the economic centre of gravity shifting towards Asia and the South. This process was initially driven by the integration of China and India into the world economy, but the story did not end there: a wider number of developing countries have already begun writing the next chapter. They are putting in place industrial policies, aimed at upgrading their productive structure and increasing their participation in global value chains. These policies also respond to a growing awareness about the risk of falling into a middle-income trap and experiencing economic stagnation and turbulence before getting to the desired level of development.

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