Development Centre

DEV Newsletter, December 2011

 


December 2011
Southeast Asia: Global uncertainty is an opportunity to re-invent growth
SAEO 2011/12

The SAEO explores national structural policies and looks at opportunities and remaining challenges for Green Growth

Global uncertainty and natural disasters cast a shadow on prospects in the region, but Southeast Asia continues to have solid medium-term growth, with a forecasted rate of 5.6% between 2012 and 2016. ASEAN economies are changing the nature of their growth by turning more towards domestic drivers and exploring 'green growth' as a strategy for long-term sustainable development.

These findings are detailed in the OECD Southeast Asian Economic Outlook 2011/12 (SAEO), presented on 29 November in Jakarta, in a seminar jointly organised by the Ministry of Finance of the Republic of Indonesia, the OECD Development Centre and the ASEAN Secretariat.

Click here for the Agenda.
Download the press release here.
Click here to order a copy at the reduced advanced sales price before 19 December.

Fast-growing economies can turn new-found growth into social progress

From Tahrir Square to the streets of Tunis, Athens and Madrid, recent social and political movements around the world are calling for social and economic justice, illustrating a deep discontent with a development model which focuses on growth, ignoring questions of inequality, vulnerability and participation in the political process.

The increased demand for social cohesion comes in particular from a rapidly expanding middle class, whose rising expectations and aspirations for a better standard of living are a driving force for change. Today almost half of the global middle class – 1 billion people – live in fast-growing emerging economies.

Over the past decade, the economies of 83 developing and emerging countries doubled average OECD growth rates. These countries must now take advantage of this prosperity and advance more ambitious social cohesion agendas like those put forth in Perspectives on Global Development: Social Cohesion in a Shifting World - an OECD Development Centre flagship report launched on 21 November with the Club of Madrid.

Click here for the launch agenda on the PGD website.
Buy the e-book here.
Buy the paperback here.


The 2012 edition of the LEO co-published by the OECD Development Centre and ECLAC

Despite the global economic downturn, Latin American and Caribbean economies grew by 5.9% in 2010 and are expected to grow by another 4.4% this year. The region must now turn this growth into sustainable economic and social development by making necessary structural and social reforms.

Governments can and must play a fundamental role in building on recent achievements to address both short-term and long-term challenges such as diversifying their economies, carrying out fiscal reforms that consolidate fiscal systems that are solid, transparent and fair, and providing better public services.

These challenges along with the improvement of public administration efficiency are tackled in the Latin American Economic Outlook 2012: Transforming the State for Development, launched at the XXI Ibero-American Summit in Asunción, Paraguay, on 28 October. For the first time, this long-standing flagship of the OECD Development Centre was co-published with the UN Economic Commission for Latin America and the Caribbean (ECLAC).

The report was presented by OECD Secretary-General Angel Gurría and ECLAC Executive Secretary Alicia Bárcena. Fernando Lugo, President of the Republic of Paraguay, Enrique Iglesias, Secretary-General of the Ibero-American Organisation, Alfio Piva, Vice-President of the Republic of Costa Rica, the Spanish Secretary of State for International Co-operation, and the Minister of Finance of Paraguay participated in the launch.

Click here to consult the programme (in Spanish).
All the information in the report will be available shortly here: www.latameconomy.org.
Buy the e-book here.
Buy the paperback here.

The Guardian - Report urges emerging economies to tackle inequalities Launch of Perspectives on Global Development: Social Cohesion in a shifting world

Le Monde - Pays émergents : « attention aux classes moyennes », prévient l'OCDE Launch of the Perspectives on Global Development: Social Cohesion in a shifting world - in French

The Hindu - India's growth unprecedented but more poverty alleviation needed Launch of Perspectives on Global Development: Social Cohesion in a shifting world

Financial Times -Asia: The Asian growth Story OECD Business Cycle Indicators

El País - La economía de América Latina resiste a la crisis financiera global Launch of the Latin American Economic Outlook 2012 - in Spanish

La Tercera - OCDE-Cepal: Latinoamérica debe fortalecer su capacidad de respuesta macroeconómica ante impacto externos Launch of the Latin American Economic Outlook 2012 - in Spanish

 

 







  FORTHCOMING EVENTS

28-29 OECD Global Forum on Development, focusing on public expenditures for development, will take place at OECD Headquarters in Paris. E-mail Define@oecd.org for more information.

TBA Annual Meeting of DeFiNe (the OECD Development Finance Network) at OECD Headquarters, Paris.

 

 

Transforming the State for Development
 
OECD Development Centre economists Christian Daude and Angel Melguizo appeared on Channels 10 and N on Peruvian television, discussing the launch of the 2012 Latin American Economic Outlook.
Watch the videos

Channel 10

Channel N

7 billion and counting...

Jan Rielaender from the OECD Development Centre recently took part in a debate on France 24 on the world population reaching 7 billion. Watch it here

 

 

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Opinion polls show that in countries where people don't trust each other, more than 1/3 of the population finds tax evasion acceptable. This number drops to only 1/10 of citizens in countries where people trust each other most.

Thanks to more and deeper economic linkages and better macroeconomic management, fiscal revenues as a share of GDP in fast growing countries increased by one third between 2000 and 2008.

 

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