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Perspectives on Global Development 2019

Rethinking Development Strategies

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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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Foreword

OECD Development Centre

Since 2010, the OECD Development Centre’s Perspectives on Global Development (PGD) series has investigated the increasing economic weight of developing countries in the world economy, a phenomenon referred to as “shifting wealth”. In 2008, the share of non-OECD countries in world gross domestic product surpassed that of OECD member countries. This effectively helped put many developing countries on a converging economic path with the richer countries of the world. On account of such a global transformation, development concerns of all sorts have been deeply affected. Each subsequent edition of the PGD has examined the effect of this trend on development, focusing on different policy concerns, from social cohesion (2012) and industrial policy (2013) to productivity and the middle-income trap (2014) and, most recently, international migration (2017).

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