Wednesday, June 16, 2010
[IWS] OECD: New! PERSPECTIVES ON GLOBAL DEVELOPMENT 2010: SHIFTING WEALTH [16 June 2010]
IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
16 East 34th Street, 4th floor---------------------- Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
Organisation for Economic Co-operation and Development (OECD)
PERSPECTIVES ON GLOBAL DEVELOPMENT 2010: SHIFTING WEALTH [16 June 2010]
The 2010 Perspectives on Global Development: Shifting Wealth looks at the major realignment of the global economy that has taken place in the last two decades. Economic and political power has been shifting towards the developing world and emerging economies thanks to high and sustained growth rates in large developing countries, particularly the Asian giants of China and India. Increasing links between developing countries has been a feature of this transformation: flows of trade, aid and investment between developing countries have all intensified. Which countries have had the most rapid growth? How does the rise of the Asian giants affect the global economy and the rest of the developing world? And how can poor countries take advantage of the new economic landscape? Answers and insights in this edition.
Shifting Wealth is the first edition of Perspectives on Global Development, a new publication on development from the OECD Development Centre. It was launched in Paris on 16 June 2010 by OECD Secretary General Angel Gurría.
Press Release 16 June 2010
Economy : Developing countries set to account for nearly 60% of world GDP by 2030, according to new estimates
16/06/2010 - The rapid growth of emerging economies has led to a shift in economic power: forecasts based on analysis by late economist Angus Maddison suggest that the aggregate economic weight of developing and emerging economies is about to surpass that of the countries that currently make up the advanced world.
According to Perspectives on Global Development: Shifting Wealth, a new publication from the OECD Development Centre, the economic and financial crisis is accelerating this longer-term structural transformation in the global economy. Longer-term forecasts suggest that today’s developing and emerging countries are likely to account for nearly 60% of world GDP by 2030.
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