Development

Development Centre Newsletter - July/August

 

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Jump-starting development in Myanmar ahead of population ageing

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“We have been asleep for five or six decades, but we are finally trying to become a responsible member of the global community,” said His Excellency U Set Aung, Vice Minister for National Planning and Economic Development at the launch of the first volume of the OECD-UNESCAP Multi-dimensional Country Review of Myanmar.

Members of Myanmar’s business, civil society and government and diplomatic communities gathered in Yangon on 18 July to attend the launch. The report evaluates multiple development objectives in the country and finds that it has great opportunities but faces considerable challenges, particularly in its need to build up institutional and social capital.

An ageing population is adding urgency to the need for sustained political and economic reforms if the country is to realise its economic potential in the coming decades. If the momentum for development is not seized now, Myanmar risks getting old before the incomes and living standards of its people can significantly improve.

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Read the Press Release

More information on the OECD Development Pathways Series.



 

Promoting Start-ups in Latin America: who is doing what?

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Promoting start-ups is gaining momentum in Latin America. The Brazilian Ministry of Science, Technology and Innovation launched the "Start-up Brazil" programme in April 2013 to offer a one-stop shop service to start-uppers in the country. 25% of the beneficiaries are foreigners setting up a business in Brazil. Chile gained a full page in "The Economist" last year with its innovative "Start-up Chile" programme targeted to incentivise foreigners to set up innovative companies in the country.

The OECD Development Centre will present the results of its forthcoming report "Start-up Latin America: Promoting Innovation in the Region" on 25 July at the First Latin American Telecom Congress in Panama City. The report, which reviews and compares the experience of Latin American countries in promoting start-ups, was elaborated in the framework of the Latin America's innovation policy dialogue chaired by ECLAC at the request of the Mexican Council for Science and Technology (CONACYT).



 

Africa Forum 2013: Harnessing natural resource wealth for economic transformation

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Reversing the previous trend of the 1990s, structural transformation in Africa has been positive over the last 10 years: overall productivity rose and labour moved to more productive activities. With a growth projected at 4.8% in 2013 and a further
5.3 % in 2014, the medium-term economic outlook for Africa continues to be favourable despite headwinds from the global economy.

Today’s African economies face the formidable challenge of creating gainful employment opportunities for millions of people both by sustaining the pace of growth and by making it more inclusive. To create opportunities for sustainable employment and wealth creation, African countries need to focus on making the most of their natural resources while concentrating on the sectors that hold promise for low-skilled jobs and putting in place conditions for diversification and upgrading. Structural transformation and inclusiveness are fundamental to achieving this great potential and Africa’s abundant natural resource wealth can provide the base.

The 13th International Economic Forum on Africa will be held on
7 October at the OECD Conference Centre. To register please go to our Forum website.

ASEAN economies remain resilient

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© Ji-Yeun Rim

This Quarter in Asia (volume 11) was released on 8 July 2013. The Quarterly said that growth in ASEAN economies continues to be resilient, compared with the two large economies (China and India) in the region, based on the latest Asian Business Cycle Indicators (ABCIs). Coping with volatility of cross-border capital flows related to global liquidity infusion is becoming an important policy challenge in the region.

More recently, expectation of a gradual withdrawal of quantitative easing led to capital outflows from the ASEAN region and concomitant depreciation of ASEAN currencies - all happening at a relatively rapid pace. More information on Asian Business Cycle Indicators.

This Month

Jump-starting development in Myanmar ahead of population ageing

Promoting Startups in Latin America: who is doing what?

Africa Forum 2013: Harnessing natural resource wealth for economic transformation

ASEAN economies remain resilient

More on Development

Upcoming Events

• Singapore, 19/07/2013

2nd OECD-AMRO Joint Asian Regional seminar

• Panama, 23/07/2013
Prelaunch of Startup Latin America

During the First Latin American Telecom Congress

• Tbilisi, 25/07/2013

Workshop on the interrelations between public policies, migration and development in Georgia

Did you know?

… Nearly 47% of total land area in Myanmar is covered by forests which contain 25 commercially viable species, including 80% of the teak in Southeast Asia.

… In the 2000s 83 developing countries doubled OECD per capita growth rates, compared with only 12 in the 1990s.

The Wire

Vox LACEA

Legitimidad fiscal y protestas en la calle: sobre Brasil y América Latina

RedEAmérica

RedEAmérica ingresa a netFWD, la Red Global de Fundaciones de la OCDE

Rádio e Televisão de Portugal

Jornal da Tarde

The Wall Street Journal

Myanmar Faces Aging Population, Report Warns

Casa Africa

Perspectivas Económicas de África 2013

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