Investing in young people is essential for inclusive and sustainable development, since the way in which youth develop and grow will not only shape the present but will also profoundly determine the future of any country.Timely interventions directed at young people are therefore likely to yield a greater return than attempts to build these capacities later in the life-cycle.
The new development goals recognise migrants’ huge economic contributions in remittances and taxes, but we need flexible migration policies that support them.
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Recent economic growth in Myanmar has been relatively low for its level of income. The OECD’s medium-term growth forecasts indicate that without structural change the economy can grow at an average of 6.3% over 2013-17, somewhat below the government’s 7.7% target for between now and 2015.
Making history with China / Financing development beyond aid / Increasing tax revenues is crucial to development in emerging Asian economies
Revenue Statistics in Asian Countries is jointly undertaken by the OECD Centre for Tax Policy and Administration and the OECD Development Centre. It compiles comparable tax revenue statistics for Indonesia, Malaysia, the Philippines, Korea and Japan. The model is the OECD Revenue Statistics database which is a fundamental reference, backed by a well-established methodology, for OECD member countries. Extending the OECD methodology to Asian countries enables comparisons about tax levels and tax structures on a consistent basis, both among Asian economies and between OECD and Asian economies. The report also includes country notes for emerging Asian countries, which discuss key tax and fiscal policy challenges.
The recent rise in social protection has been fuelled by overwhelming evidence that social protection schemes deliver real results. Numerous evaluations around the world show positive impacts, including a reduction in poverty by 50% for the most successful cases, increased household income and consumption, better health and education, and increased investment in productive assets and savings.
Today's world youth population ages 10 to 24, is 1.8 billion people strong and represents the largest cohort ever to be transitioning to adulthood. The vast majority of these young people – 88% – live in developing countries. These young people are the next generation. If properly nurtured, they can be engines for economic and social progress.
Welcome to Development Posts. They feature commentaries by Development Centre experts and guests writing individually or jointly on the research, schools of thought, policy implications and trends defining today’s most pressing development challenges.
Latin America grew in 2014 at the slowest pace in five years – lower than the OECD for the first time in a decade. There is concern that the low growth rates of around 3% forecast for next few years are not indicative of a temporary slowdown but rather of lower growth potential. Latin America needs more skills and innovation to better integrate into the shifting wealth process.
The period 2009-12 was marked by an economic rebound following the introduction of the multiple currency system, with the economy growing at an average rate of 11.0% per annum. However, GDP growth decelerated sharply from 10.6% in 2012 to 4.5% in 2013 and an estimated 3.1% in 2014.