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

SDGs UN

(UN, 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

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

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

More than nine in ten children exposed to deadly air pollution

For the future of Europe youth remains a priority

Joint advocacy letter template to sign and ratify the Treaty on the Prohibition of Nuclear Weapons

‘Stop and listen’ to victims of terrorism, UN chief urges in message marking international day

Financiers can turn the world into a dirty and dangerous place

Why gin made from peas helps the environment

An ECB banker wants to change the European social model

Parliament boosts consumer rights online and offline

World in grip of ‘high impact weather’ as US freezes, Australia sizzles, parts of South America deluged

Trade Committee advocates lower tariffs in Western Sahara

Drug laws must be amended to ‘combat racial discrimination’, UN experts say

“As German Chancellor I want to be able to cope with the merger of the real and digital economy”, Angela Merkel from Switzerland; the Sting reports live from World Economic Forum 2015 in Davos

Civilian death toll continues to mount in Syria, UN relief chief tells Security Council

ECB tied in the anti-monetary German ideology

Threat from petty criminals who turn to terrorism, a growing concern, Security Council hears

What the Corn Laws tell us about Brexit Britain

EU-U.S. Privacy Shield: Second review shows improvements but a permanent Ombudsperson should be nominated by 28 February 2019

EU–Canada Summit: strengthening the rules-based international order

EU deal on electricity market rules to benefit both consumers and environment

DR Congo Ebola centre attacks could force retreat against the deadly disease, warns UN health chief

EU trade agreements deliver on growth and jobs, support sustainable development

Brexit: Britain and the Continent fighting the battle of Waterloo again

Eurozone’s bank resolution mechanism takes a blow

Northern Bahamas ravaged by ‘disaster of epic proportions’ as UN releases $1 million in emergency funds

Ensuring the ‘lungs of the planet’ keep us alive: 5 things you need to know about forests and the UN

Migrant workers sent more money to India than any other country last year

COP21 Breaking News_10 December: UN Climate Chief Calls for Final Push to Meet Adaptation Fund Goal Very Close to Target

A critical European young voice on Net Neutrality: the distance between Brussels and Washington

‘Climate change is the battle of my life’, UN chief tells students living on the frontline in Fiji

Have central banks missed the exit train?

The United Kingdom’s decision to leave the European Union will impact young people’s future the most

Europe eyes to replace US as China’s prime foreign partner

Mobile young people create the European labour market of tomorrow

Two major EU projects falter; the Schengen Agreement now freezes and Eurozone fails to resolve the Greek enigma

Nigeria: UN chief ‘appalled’ by killing of aid worker; calls for release of remaining hostages

Preferential tariffs to help Western Sahara to develop

The European Union and the United States sign an agreement on imports of hormone-free beef

Everything you need to know about water

UN chief condemns student abductions in north-west Cameroon

Congrats to the #FutureofMalta: a new age of voting

Parliament approves €34m in EU aid to Greece, Poland, Lithuania and Bulgaria

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

Do electronic cigarettes produce adverse health effects?

Cyclone Idai: UNICEF warns of ‘race against time’ to protect children, prevent spread of disease in flood-ravaged Mozambique

“We need to use the momentum globally to ensure that corporations pay their fare share of taxation”, EU Commissioner Valdis Dombrovskis outlines from the World Economic Forum 2017.

For how long and at what cost can the ECB continue printing trillions to keep euro area going?

How to close the gender pay gap in three steps

FROM THE FIELD: How the smell of fresh bread transformed one refugee life

EU-China relations under investigation?

Out with the old: Young People transforming Humanitarian Action

Bayer-Monsanto merger: the story of the rise of the “endless company”

Pakistan’s digital revolution is happening faster than you think

EU Commission: The banks are not obliged to finance the real economy

Latvian economy is thriving, but boosting productivity, improving social protection and transitioning to a low-carbon productive model are vital for sustainable and inclusive growth

Who is to lose from the 6-month extension of the EU economic sanctions against Russia?

Further reforms in Japan needed to meet the challenges of population ageing and high public debt

This is what the world’s waste does to people in poorer countries

Monday’s Daily Brief: Nigeria massacre, Libya shelling condemned; recycled plastic used to build classrooms in Côte d’Ivoire

A seafood fraud investigation DNA tested fish sold in the US. Here’s what they found

E-Governance: A powerful tool to combat, mitigate and sustainably manage disaster risks

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