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Perspectives on Global Development 2019

Rethinking Development Strategies

image of Perspectives on Global Development 2019

In 2008, the weight of developing and emerging economies in the global economy tipped over the 50% mark for the first time. Since then, Perspectives on Global Development has been tracking the shift in global wealth and its impact on developing countries. How much longer can the dividends of shifting wealth benefit development, and what does this mean for development strategies?

This new edition first investigates what China’s transformation has meant for global development perspectives, and how shifting wealth has affected countries beyond economic terms, exploring well-being across the developing world. It also analyses and draws lessons from development paradigms over the past 70 years, showing that developing nations in the 21st century have to invent their own, original pathways to greater well-being and sustainability. The time has come to rethink international co-operation and foster more effective exchanges of social and human capital.

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Development strategies for the 21st century

OECD Development Centre

In 2008, the weight of developing and emerging economies in the global economy tipped over the 50% mark for the first time. Since then, the Perspectives on Global Development series has been tracking the shift in global wealth and its impact on developing countries. This chapter provides an overview of the 2019 edition, which investigates the process of such transformation of economic geography in the context of the post global financial crisis, China’s gradual transformation and new sources of growth for continued shifting wealth. It also analyses development pathways beyond economic terms, exploring well‑being across the developing world. It draws lessons from development paradigms over the past 70 years, showing that developing nations in the 21st century have to invent their own, original pathways to greater well-being and sustainability and that international co‑operation needs to adapt to the new context.

English French

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