Development Centre

Dev Newsletter, June 2010


JUNE 2010

Developing countries to account for 60% of world GDP by 2030

First edition of the Perspectives on Global Development (PGD) was launched 16 June.

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.
Read more about the report

What does the rise of large developing countries mean for development?

Since 1990, the number of people in the world living on less than a dollar-a-day has fallen by over one quarter - approximately 500 million. So far, however, these reductions have mainly been concentrated in one country – China. Other countries have made progress but at a pace insufficient to counter the effect of population growth. Poverty reduction still represents a major challenge for the developing world. Inequality in many rapidly growing developing economies has also been increasing.
Watch Economist Andrew Mold discussing the report on Bloomberg TV

African Economic Outlook 2010

Perspectives on Global Development 2010

The 2010 African Economic Outlook finds the continent reeling from the effects of the world’s deepest and most widespread recession in half a century. Just how hard was the region hit? What are the prospects for recovery? Insights and answers here

The book 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. Know more

Curtain Closes on the 10th Annual Africa Forum

An unprecedented number of African Ministers, as well as French Minster of Finance Christine Lagarde, and CEOs debated Africa's prospects in this anniversary International Economic Forum on Africa on June 11th. Debate focused on Africa's strategies for regaining pre-crisis growth rates.Find out more

Le Monde: Richesse des nations et gouvernance mondiale Cover Page Editorial on Perspectives on Global Development 2010.

Wall Street Journal: African Economy to Grow 4.5% in 2010

Financial Times: AFRICA-CHINA TRADE, Special Report Continent drives a harder bargain.




29 Launch of the OECD Asian Business Cycles Quarterly. Contact.

31Presentation of Perspectives on Global Development 2010: Shifting Wealth, in association with InWEnt, Berlin, Germany. Contact.

14Presentation of Perspectives on Global Development 2010: Shifting Wealth, with the Center for China in the World Economy, Tsinghua University, Beijing, China.. Contact.

14Seminar "Shifting Wealth" organised with the Center for Global Development, Washington, USA. Contact.

20Presentation of Perspectives on Global Development 2010: Shifting Wealth with the Global Development Network. New Delhi, india. Contact.

29release of the OECD Asian Business Cycles Quarterly Q3. Contact.








OECD Development Centre's Mold Discusses Emerging Economies Andrew Mold, senior economist at the Development Centre, talks with Bloomberg's Maryam Nemazee about the outlook for emerging economies.

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