This year's OECD Development Week, which ran from June 30 to July 3, 2014, offered the opportunity for policy dialogue and knowledge sharing among key development actors in both OECD and non-OECD countries. Government officials, international experts and key figures from civil society and the private sector participated in five days of debate, workshops and media events. Key themes included current patterns of globalization and dynamic opportunities for inclusive and sustainable growth at the global, regional and national levels for a renewed dialogue among participants.
The week's keystone events — the 2nd High-Level Meeting of the OECD Development Centre, the Global Forum on Development and the 6th International Economic Forum on Latin America and the Caribbean — aimed to enhance participants' understanding of the implications of major global trends and their likely impact on sustainable and more cohesive development.
Devex was a media partner and ran a series of high-level op-eds in conjunction with it. See below for some highlights.
Tackling the challenges of urbanization in India
Urbanization is a major challenge facing most developing countries today.
This is especially true in India, where the urban population share is only about 33 percent, much lower than for other emerging market countries, for instance China (48 percent), Mexico (78 percent), South Korea (83 percent) and Brazil (87 percent).
Even so, when India’s economic growth accelerated to close to 8 percent per annum in the 2001-2011 decade … Read more
5 takeaways from the OECD Global Forum on Development
The Global Forum on Development discussed how sustained and inclusive growth could be achieved in development, despite structural development challenges and lagging productivity.
One of the main problems identified was the non-convergence of many middle-income countries expected to reach OECD income levels by 2050, due to growth stagnation in emerging economies and decreasing external demand. Overall low productivity levels in low- and middle-income countries ... Read more
Economic growth and 'something else' to address inequality
Although the developing world has achieved unprecedented economic growth rates over the past decade that have translated into a rapid decline in poverty, that growth has also come with rising inequality.
Inequality threatens social cohesion, limits social mobility and individual choice and reinforces factors such as inherited poverty or discrimination by gender, ethnicity and location, delegates heard last week at the 2nd OECD Development Center high-level meeting — part of Development Week 2014 ... Read more
OECD welcomes UAE into group of top donors
The United Arab Emirates have decided to participate in the Development Assistance Committee of the Organization for Economic Cooperation and Development, a grouping of the world’s main providers of official development assistance, after becoming last year the most generous provider of foreign aid in the world last year by spending 1.25 percent of their gross national income on ODA.
Development assistance has been a huge success. Aid has contributed to … Read more
Education and skills: A road to development
The relevance of education and skills for economic and social progress cannot be overstated.
In a globalized knowledge-based economy, skills are a major driver of labor productivity and of an economy’s ability to sustain its competitiveness and escape development traps. Building the right sets of skills has emerged as a major determining factor for people and economies to participate meaningfully in the global ... Read more
OECD-DAC donors mulling more aid to LICs
One of the hot topics on the agenda was whether donors — many of which are still struggling to meet their pledges to spend 0.7 percent of gross national income on official development assistance — may soon face additional targets to encourage directing more ODA to low-income countries, financing for global public goods, and other goals.
The discussion is taking place within the Organization for Economic ... Read more
For additional coverage, check out these articles:
● Latinoamérica: Desaceleración en el corto plazo, ¿reformas en el largo plazo? — El País
● Productivity and development: Competitive services can help, but can’t do everything — OECD Insights
● Húmala apunta que América Latina no ha registrado aún su "década de oro" — EFE
● The free ride to convergence is over; EMs must boost productivity - Financial Times Beyond Brics
Devex is the premier platform for delivering critical information and insight to the global development community. Interested in learning how your organization can partner with Devex on an upcoming event? Learn more here.