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This paper reviews road concession programmes in Chile, Colombia and Peru over the period 1993-2010 and analyses how their shortcomings have resulted in large extra fiscal costs. Weak State institutions, unclear legislation and deficient contract design have allowed for frequent and costly renegotiation of road concessions.
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This joint work by the OECD Development Centre and Fedesarrollo focuses on the policy making process of transport infrastructure in Colombia for the period 2002-10. It identifies the main bottlenecks to be improved in the implementation of public policies in the main phases of the transport infrastructure policy cycle, namely planning, budgeting, execution (i.e. new investment and maintenance), and monitoring and evaluation.
Brazil’s labour leaders have long argued against pursuing economic growth for its own sake. What matters most, they believe, is not the size of the economic pie but how it’s carved up. In recent years, calls for social justice have increasingly informed policy in Brazil, bringing about a veritable “revolution” in the economy.
The forces driving Asia’s rapid growth–new technology, globalisation, and market-oriented reform–are also fuelling rising inequality. Some income divergence is inevitable in times of fast economic development, but that shouldn’t make for complacency, especially in the face of rising inequality in people’s opportunities to develop their human capital and income-earning capacity.
This day-long workshop will bring together the World Bank Independent Evaluation Group (IEG) and the OECD DAC Network on Development Evaluation, along with other key actors and development finance institutions, to share experiences on evaluating private sector-oriented development co-operation.
The OECD is calling for a new development framework in this statement to the Joint IMF-World Bank Development Committee.
“Crowdsourcing” pools the strength of the many to perform complex tasks–everything from funding a film to sequencing DNA. At its heart is trust–not a blanket belief in great institutions, but rather the confidence between individuals that each will do the right thing. Its power is being increasingly felt today, even in the world of international development.
Economic growth has played a major role in lifting people out of poverty. However, there is increasing evidence that many of these people did not move up to the middle classes but into an intermediate state of “vulnerability”. Poverty continues to affect millions of people around the world, said OECD Secretary-General.
In a large majority of OECD countries, wage gaps widened and household income inequality increased during the three decades prior to the crisis. Inequalities have also been growing in many emerging economies and developing countries, despite their fast growth over the last years, said OECD Secretary-General.
2013 Global Forum on Development: Innovative approaches to poverty reduction, social cohesion and progress in the post 2015 world