Perspectives On Global Development 2010 Shifting Wealth

the long version

This publication examines the changing dynamics of the global economy over the last 20 years, and in particular the impact of the economic rise of large developing countries, such as China and India, on the poor. It details new patterns in assets and flows within the global economy and highlights the strengthening of "South-South" links - the increasing interactions between developing countries through trade, aid and foreign direct investment. What do these changes imply for development and development policy? The report explores potential policy responses at both national and international levels. Nationally, developing countries need to re-position their development strategies to capitalize on the increasing potential of South-South cooperation and to fully benefit from new macroeconomic drivers. Internationally, the global governance architecture needs to adjust to better reflect current economic weights.--Publisher's description.