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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 feature of this transformation: flows of trade, aid and investment between developing countries have all intensified. Which countries have had the most rapid growth? How does the rise of the Asian giants affect the global economy and the rest of the developing world? And how can poor countries take advantage of the new economic landscape? Answers and insights in this edition.
Shifting Wealth is the first edition of Perspectives on Global Development, a new publication on development from the OECD Development Centre. It was launched in Paris on 16 June 2010 by OECD Secretary General Angel Gurría.
"Perspectives on Global Development is a landmark report about the biggest economic story of our era. It describes and analyses the new economic world we live in, where countries in Asia, Africa and Latin America provide the dynamism for future growth. It shows how this shift in the economic centre of gravity is cause for optimism, rather than consternation." -- Alan Hirsch, Deputy Director General: Policy, South African Presidency.
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Growth in the developing world has outpaced that in advanced economies for more than a decade.