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Perpectives on Global Development 2014. Boosting productivity to meet the middle-income challenge
Oecd Development Centre; Oecd
Developing economies continue to grow faster than more advanced countries. Non-OECD countries - share in world GDP surpassed that of OECD countries in 2010. Since its first edition in 2010, the annual Perspectives on Global Development has investigated the trends in - shifting wealth - , the increasing economic weight of developing countries in the world economy. - Shifting wealth - has recieved a boost through the rise of China, which has also led to positive spillover effects on developing economies that supply China - s demand for resource-based productos and intermediates. However, even at their higher rates of growth since 2000, the per cápita incomes in developing countries - including many middle-income countries - will not reach the levels of developed countries by 2050. Boosting productivity growth in middle-income countries could stem this trend and is the focus of this report. At the same time, this growth needs to be inclusive so that a real convergence in living stantards can take place.