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Perspectives on Global Development 2010
Shifting Wealth
OECD Publishing , Publication date:  18 Aug 2010
Pages: 176 , Language: English
Version: Print (Paperback) + PDF
ISBN: 9789264084650 , OECD Code: 412010021P1
Price:   €60 | $84 | £54 | ¥7800 | MXN1080 , Standard shipping included!
Availability: Available (Print on Demand)
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Other languages:  Japanese (Distributed by another publisher) French (Available (Print on Demand))
Other Versions:  E-book - PDF Format
Multilingual summaries:  Portuguese, Chinese, Japanese, Italian, German, Spanish, French, English

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Imprint:  OECD Development Centre Frequency: Annual   Tables: 13  Charts: 26 


Shifting Wealth is the first edition of Perspectives on Global Development, a new publication from the OECD Development Centre.

Shifting Wealth examines the changing dynamics of the global economy over the last 20 years, and in particular the impact of the economic rise of large developing countries, such as China and India, on the poor. It details new patterns in assets and flows within the global economy and highlights the strengthening of “South-South” links – the increasing interactions between developing countries through trade, aid and foreign direct investment.

What do these changes imply for development and development policy? The report explores potential policy responses at both national and international levels. Nationally, developing countries' need to re-position their development strategies to capitalise on the increasing potential of South-South co-operation and to fully benefit from new macroeconomic drivers. Internationally, the global governance architecture needs to adjust to better reflect current economic weights.

“OECD Perspectives on Global Development is a very welcome new publication that contributes to investigating the permanent structural breaks with the past now occurring in the global economy. It documents the need to address new challenges in development finance and social development.” -- Justin Yifu Lin, Senior Vice President and Chief Economist, The World Bank

"Perspectives on Global Development is a landmark report about the biggest economic story of our era. It describes and analyses the new economic world we live in, where countries in Asia, Africa and Latin America provide the dynamism for future growth. It shows how this shift in the economic centre of gravity is cause for optimism, rather than consternation."  --Alan Hirsch, Deputy Director General: Policy, South African Presidency

"Based on the irrefutable fact that some developing economies have grown very rapidly in recent decades, some of this study’s analytical and policy conclusions will undoubtedly contribute to important debates as the world strives to draw appropriate lessons from the varied experiences of the last two decades, and especially the last two years." --Jomo Kwame Sundaram, UN Assistant Secretary General for Economic Development

"In this volume, the OECD Development Centre lays bare a new era of economic development. But in doing so, it poses the big questions of sustainability – namely, what development means for the social, political, and economic fabric of an increasingly globalised world." --Stephen S. Roach, Chairman‪, Morgan Stanley Asia

Table of contents:
Acronyms and Abbreviations
Executive Summary
Introduction - Why “Shifting Wealth” and Why Now?
Chapter 1. Shifting Wealth and the New Geography of Growth

-The new geography of growth
Chapter 2. The Asian Giants and their Macroeconomic Impact
-A new engine of growth
-A labour supply shock - with an effect on global wages
-New and growing demand - reflected in commodity prices
-the effect of the giants on terms of trade
-The Asian impact on global interest rates
Chapter 3. The Increasing Importance of the South to the South
-South-South trade
-Foreign direct investment
Chapter 4. Shifting Wealth and Poverty Reduction
-An important reduction in absolute income poverty
-Inequality, growth and poverty reduction
-New challenges to making growth benefit the poor
Chapter 5. The Growing Technological Divide in a Four-Speed World
-The technological divide within the developing world
-New workshops of the world? The role of manufacturing
Chapter 6. Harnessing the Winds of Change
-Development strategies
-Capitalising on foreign direct investment
-Dealing with the resource boom
-Revitalising agriculture and rural development
-Policies for pro-poor growth
Chapter 7. Collective Responses to Shifting Wealth
-A new architecture for global governance
-Changing interests and coalitions in international co-operation
-Technology transfer
Statistical Annex - The Four-Speed World Classification
-Table A.1. Affluent Countries
-Table A.2. Converging Countries
-Table A.3. Struggling Countries
-Table A.4. Poor Countries
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