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In a sample of 128 countries, we identify 25 episodes of large nominal and real appreciations shocks and study their macroeconomic effects in a dummy-augmented panel autoregressive model. Results show that an exchange rate appreciation can have strong effects on current account balances.
On 13-15 September 2010, the Perspectives on Global Development 2010 Shifting Wealth report was launched in North America at the United Nations, the United States State Department, and the Organizatio
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Call for Papers: Social Cohesion Conference
Speaking at the launch of the Perspectives on Global Development 2010, Angel Gurría says that the centre of economic gravity is moving from West to East, from the industrialised economies to the large developing economies, particularly China and India. The latest forecasts anticipate that emerging and developing economies will account for nearly 60% of world GDP by 2030.
The 2010 Perspectives on Global Development: Shifting Wealth 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. Increasing links between developing countries has been a
The 2011 Perspectives on Global Development looks unprecedented social upheaval and mass citizen mobilisation throughout the world in 2011 and asks the question: How can governments best respond to these new expectations? What policy reforms can contribute to strengthening social cohesion? How can we learn from past experiences and existing practices? These are the questions that will be raised on the occasion of the launch of the
The economic and financial crisis is accelerating a longer-term structural transformation in the global economy, with the aggregate economic weight of developing and emerging economies on the verge of surpassing that of the countries that currently make up the advanced world, according to new analysis from the OECD Development Centre.
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Perspectives on Global Development 2010, Portuguese Summary
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Perspectives on Global Development 2010, Chinese Summary
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Perspectives on Global Development 2010, French Summary