Development Centre

Development Centre Newsletter - May 2015

 

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7th International Economic Forum on Latin America and the Caribbean

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The 7th edition of the International Economic Forum on Latin America and the Caribbean will take place on 5 June in Paris. It provides an opportunity to discuss challenges and share solutions regarding sustainable economic development in the region. The economic slowdown that began in Latin America in 2010 is continuing. According to preliminary data, the region’s economy grew by slightly over 1% in 2014 (compared with 2.5% in 2013 and 2.9% in 2012), less than the OECD average for the first time in ten years. In 2015, growth is expected to reach a feeble 1%. These developments will be driven by the less favourable international climate of the past five years, resulting from lower commodity prices (especially for oil, metals and minerals), and the economic slowdown in China.

Education, skills and innovation are key areas through which more Latin American countries may be able to escape the middle-income trap and strengthen the region’s emerging middle class. Improvements to the stock and quality of education and skills, together with a stable macroeconomic context and an innovation-friendly environment, determine countries’ capacity to direct their growth models towards higher value-added activities.

For more information on the Forum or to register, please visit our website www.oecd.org/site/lacforum/

Innovation Policy in Panama

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Supporting innovation and production development is fundamental to competing in global economies. Innovation is gaining momentum in Latin America, and many countries in the region are involved in designing and implementing better policies to promote it for a more inclusive and sustainable growth. Over the last decade, many countries in Latin America have strengthened their institutional capacities for innovation policies. However, public investment is still very limited and the commitment of the private sector to invest in innovation remains low.

Panama, like most countries in the region, seeks to increase the impact of its innovation policy and has therefore engaged in a peer-review exercise, led by the OECD Development Centre, to assess the effectiveness of its innovation policy and its institutional setting.

This study is part of the OECD Development Centre’s work on production development, global value chains (GVCs) and innovation.

Read the publication online

Assessing the Economic Contribution of Labour Migration - Costa Rica

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Held in Costa Rica on 21 April 2015, the Consultation Seminar was the first in-country event for this EU-funded project. Project team members from the OECD Development Centre and the ILO presented the aims and goals of the project and engaged in discussion and networking with key actors, designed to promote the sharing of knowledge and data relevant to the project.

Almost 40 government officers, experts and researchers participated in the seminar, including Carmen Muñoz Quesada (Deputy Minister of the Interior and Police), Johnny Ruiz (Head of Department of Labour Migration from Labour Ministry), Kathya Rodríguez Araica (Director General of Migration and Foreign Affairs).

The seminar confirmed that the project is both timely and necessary for Costa Rica. The tone throughout was positive and welcoming as participants discussed immigration and the country's policy framework, as well as the economic impact of immigration. Some participants suggested that one major goal of the study in Costa Rica should be to consolidate existing knowledge. Some sectors are highly dependent on migrant workers and the public focus should be shifted away from the cost of immigration and more towards its benefits.

This Month

7th International Economic Forum on Latin America and the Caribbean

Innovation Policy in Panama

Assessing the Economic Contribution of Labour Migration - Costa Rica

visit our website at www.oecd.org/dev

Events

• Paris, 12-13/05/2015
4th Plenary Meeting of the Policy Dialogue on Global Value Chains

• Tokyo, 14-15/05/2015
4th OECD-AMRO-ADB Asian Regional Roundtable

• Beijing, 15/05/2015Launch of the Chinese version of the Latin American Economic Outlook 2015

• Madrid, 19/05/2015Presentation of the Latin American Economic Outlook 2015

• Abidjan, 25/05/2015
Launch of the African Economic Outlook 2015

• Brussels, 3-4/06/2015
European Development Days

Did you know?

…The largest increases in tax to GDP ratios in Latin America and the Caribbean in 2013 were in Bolivia (2.1 percentage points), Argentina (1.7), Costa Rica (1.2) and El Salvador (0.7).

Gender inequality appears to be both a pull and a push factor for migrant women

The Wire

RFI
OCDE, los grandes desafíos para el desarrollo humano en 2030

El País
La educación como herramienta

Business Day

African leaders advised to focus on tax policies

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Read more on our ongoing projects:

- Social Institutions and Gender Index

- Policy Dialogue on Natural Resource-based Development

- OECD Initiative on Global Value Chains, Production Transformation and Development

- OECD Multi-dimensional Country Reviews

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