Sustainable development demands a broader vision, says new OECD Development Centre report

Windmills SDGs

(Unsplash, 2018)

This article is brought to you in association with OECD.


Economic growth does not necessarily go coupled with well-being. The first industrialised countries increased their populations’ well-being with rates of economic growth lower than those experienced by emerging economies: many of the latter are struggling to convert faster Gross Domestic Product (GDP) growth into substantive and lasting well-being improvements for their citizens. Therefore, while economic growth is a crucial tool for development strategies, these strategies must more deliberately target economic, social and environmental dimensions, according to the OECD Development Centre’s Perspectives on Global Development 2019   launched today at the 6th OECD World Forum on Statistics, Knowledge and Policy in Incheon, Korea.The report concludes that development strategies must do more to embrace the multidimensionality of development, acknowledging the fact that growth does not automatically yield improvements in well-being.

The time is ripe for change. Since the 1990s, large developing countries have continuously re-drawn the map of global economic relations in terms of trade, finance and migration, challenging longstanding notions of development. This major transformation has been buoyed by large emerging economies such as China, India, Indonesia, Russia and Brazil, growing faster than the OECD average and creating a ripple effect on other developing countries. Over the 2011-16 period, China and India’s contribution to global growth reached 29% and 11% respectively.

Nowadays, developing economies have to find innovative solutions in the face of challenges that did not exist for previously industrialising countries. For example, despite efforts to focus on social inclusiveness and environmental sustainability, few national development plans today are responding to the emergence of new global rules, increasing interdependence among countries, unprecedented population booms, the high mobility of people or fast technological change.

Novel ways of promoting development are emerging, however, outside of the toolbox set out in the aftermath of the Second World War. “A crucial way to continue innovating on strategies, such as enhancing South-South co-operation, linking migration and development, or extending social protection to poor and hard to reach populations, is by being in the same room and sharing policy experience”, said Mario Pezzini, Director of the OECD Development Centre and Special Advisor to the OECD Secretary-General on Development. “Indeed, once the necessary resources and political will for implementation are available, development strategies have historically proven to be most effective when they are multisectoral, participatory, location-specific and embedded in a multilateral framework. In other words, the multidimensional process of development requires a new vision for global co-operation”, he added.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the sting Milestone

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Security Council condemns ‘heinous and cowardly’ attack in Iran

UN News 2018 Recap: In Case You Missed It

Mozambique cyclones a ‘wake-up call’ to boost resistance: UN weather agency

The Future of Balkans: Embracing Education

UN health experts warn ‘dramatic resurgence’ of measles continues to threaten the European region

Donald Tusk presents EU summit conclusions for last time

‘Critical test’ for North Korea’s Government as civilian suffering remains rife, warns UN rights expert

Big impact vs big exit: the social side of the start-up game presented at the WSA Global Congress in Vienna

Unemployment and stagnation can tear Eurozone apart if austere policies persist

MEPs demand Bulgaria’s and Romania’s swift accession to Schengen area

Everything you need to know about the US government shutdown

A Valentine’s Special: we can never overdose on love

New York and London mayors call on cities to divest from fossil fuels

Europe rethinking its severe austerity policies

How fungi could save the world

Commission caps charges on card and Internet payments and enforces competition

UN agency chiefs condemn Saudi-coalition led air strike that killed dozens in western Yemen

Towards the Rise of the United States of the Atlantic?

This is what a Green New Deal for Europe could look like

Chinese tech investors are turning towards MENA. Here’s why

Ethiopia planted 350 million trees in a day. And its fight against deforestation does not stop there

Hatred ‘a threat to everyone’, urges Guterres calling for global effort to end xenophobia and ‘loathsome rhetoric’

French Prime Minister passes Stability Program and takes his ‘café’ in Brussels this June

Overseas investment falling, developing countries largely unscathed: UN trade agency

A small group of world leaders are standing together against inequality

Want to cut greenhouse gas emissions? Look to digital technologies

There is no greater sorrow on earth than the loss of one’s native land

Mind control using sound waves? We ask a scientist how it works

Trash bin at the top of the world: can we prevent Arctic plastic pollution?

New General Assembly President brings ‘valuable insights’ into key UN challenges

A reflection of health inequity in recent epidemics

EU Parliament: Deposit guarantee and trading platform transparency sought

COP25: MEPs push for CO2 neutrality by 2050

Royal Navy to unveil future surveillance and reconnaissance requirements next February in Rome

Terrorism diverts resources from ‘much-needed’ development to ‘costly’ security, warns UN envoy for Central Africa

Why the ECB prepares to flood the markets with more and free of charge euro; everybody needs that now

European car industry: The Germans want it all

Businesses succeed internationally

UN’s Grandi slams ‘toxic language of politics’ aimed at refugees, migrants

More solidarity and interaction between generations needed to challenge age stereotypes and ingrained ageism

China dazzles the world with her Silk Road plan to connect, Asia, Europe and Africa

‘Grave consequences’ await if new deadly escalation of violence in Gaza continues – top UN official

Kellen Europe Hosts EuroConference 2016

ECB doesn’t dare touch Eurozone’s big banks

Office workers in these economies clock up the most extra hours

The Khashoggi affair: A global complot staged behind closed doors

European Business Summit 2014 Launch Event: “Energising Industrial Growth”

Five years down the drain

Why do medical students need to emigrate to become doctors in 2017?

France pushes UK to stay and Germany to pay

Italy and Greece zeroed their fiscal deficits, expect Germany’s response

Rare Disease Day: a new EU platform to support better diagnosis and treatment

YO!Fest back in Strasbourg for the 2nd edition of the European Youth Event – 20-21 May 2016

The issue of mental health for modern young doctors

Deeper reforms in Germany will ensure more inclusive and sustainable growth

Sustainable finance: Commission publishes guidelines to improve how firms report climate-related information and welcomes three new important reports on climate finance by leading experts

Wednesday’s Daily Brief: Sudan, Libya, Yemen updates, solutions for e-waste, flood response in Iran, online security for children

Facilitating the access to finance and risk capital for SMEs and midcaps

Countries violate rights over climate change, argue youth activists in landmark UN complaint

Women must be at ‘centre of peacekeeping decision-making’, UN chief tells Security Council

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s