Perspectives on Global Development: Shifting Wealth examines the impact of the rise of large emerging economies on development, poverty and inequality. A structural transformation of the global economy has been taking place in the last 20 years. The world’s centre of economic gravity has moved towards the east and south, from OECD members to emerging economies, a phenomenon this report calls “shifting wealth”. Although the process has been underway for the past 20 years, the opportunities and risks for poor countries are only starting to be understood.

Shifting Wealth will be launched in Paris on 16 June 2010. It is the first edition of Perspectives on Global Development, a new series of publications from the OECD Development Centre.  The report has been supported by the work of OECD Development Centre Non-Resident Fellows from Asia, Africa and Latin America.

"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

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