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How to deliver better policies for better lives in the developing world? What is the real development challenge today for those living in poverty? Development has been a fundamental part of the OECD story for half a century, and it is providing new solutions for new challenges.
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This framework paper aims to articulate OECD’s broader approach to development as stated in the vision statement for the OECD 50th Anniversary Council Meeting at Ministerial level. It sets out the key elements of an OECD Strategy for Development to be elaborated for adoption by the OECD Council inJanuary 2012.
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The OECD has been working towards a broader OECD Strategy for Development. This effort (known as the DevGoals exercise) aims to define a more coherent and comprehensive approach to development in order to better articulate the OECD’s multidisciplinary expertise on a wider range of policy areas with its accumulated knowledge on development issues, and to ensure that this work is accessible and relevant to countries at all stages of
Angel Gurría, Nobel Prize winner Amartya Sen, World Bank Chief Economist Justin Yifu Lin and other experts will discuss ways to measure inequality, create jobs, regulate labour, and ensure the gender equity and training necessary to give young people a chance to succeed.
"With the OECD Strategy for Development, we will take stock of the formidable arsenal of OECD’s broader public policy experience, and assess how it can be useful in a development context", declared Angel Gurría in his welcome Address to the Annual Bank Conference on Development Economics (ABCDE).
Our 50th anniversary provides us with an historical opportunity to launch a new approach to development across the Organisation. We will be working to develop a full fledged strategy on development, engaging more closely with emerging and developing countries to help us understand better their diverse realities, said OECD Secretary-General.
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The OECD’s 50th Anniversary is an opportunity to reaffirm what we stand for and what we are about. After 50 years, our objective is and remains to help member and partner country’s governments to formulate and implement better policies for better lives.
Aid flows from OECD Development Assistance Committee (DAC) donor countries totalled USD 129 billion in 2010, the highest level ever, and an increase of 6.5% over 2009. This represents about 0.32% of the combined gross national income (GNI) of DAC member countries.
Denmark’s official development assistance reached USD 2.8 billion in 2009, or 0.88% of its gross national income. The OECD’s Development Assistance Committee notes that Denmark’s annual ODA has surpassed the United Nation’s aid target of 0.7% of GNI since 1978, earning its global reputation as a generous donor.
The shift in the centre of economic gravity, from the advanced to the large emerging economies, has to be reflected in the global governance architecture. The new players have to be given a stronger voice in decision-making and multilateralism has to evolve further in a more inclusive manner.