Wednesday, June 16, 2010




IWS Documented News Service
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
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],3343,en_2649_33959_45462088_1_1_1_1,00.html



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 GurrĂ­a.



Press Release 16 June 2010

Economy : Developing countries set to account for nearly 60% of world GDP by 2030, according to new estimates,3343,en_2649_33959_45467980_1_1_1_1,00.html


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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This information is provided to subscribers, friends, faculty, students and alumni of the School of Industrial & Labor Relations (ILR). It is a service of the Institute for Workplace Studies (IWS) in New York City. Stuart Basefsky is responsible for the selection of the contents which is intended to keep researchers, companies, workers, and governments aware of the latest information related to ILR disciplines as it becomes available for the purposes of research, understanding and debate. The content does not reflect the opinions or positions of Cornell University, the School of Industrial & Labor Relations, or that of Mr. Basefsky and should not be construed as such. The service is unique in that it provides the original source documentation, via links, behind the news and research of the day. Use of the information provided is unrestricted. However, it is requested that users acknowledge that the information was found via the IWS Documented News Service.

Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       



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