The Development Dimension Fostering Development in a Global Economy
A Whole of Government Perspective
Description:... What does policy coherence for development mean? Increasing global integration through trade, capital and labour mobility brings increasing mutual responsibilities and mutual policy repercussions. The 21 century will witness a rapid catch-up phase in economic growth for many non-OECD economies. Shifting shares of economic power call for commensurate changes in voice and influence in international economic and financial governance. In the light of intensified global linkages and policy spill-overs, the pursuit of policies by OECD countries that are harmful to the developing world is bound to backfire on the OECD area itself.
These realities call for greater coherence between the various OECD country policies that shape and impact today’s rapidly evolving global economy. To be convinced of the need to ensure policy coherence, analysts and decision makers need to understand the trans-boundary implications of policy making.
In response, this volume brings together reflections by an internationally renowned group of scholars and policy experts:
- Key concepts and central issues, by Robert Picciotto
- The shifting balance in the global economy, by Richard Pomfret
- Macroeconomic policies: New issues of interdependence, by Helmut Reisen, Martin Grandes and Nicolas Pinaud
- Development in international financial policies, by Stephany Griffith-Jones, Ricardo Gottschalk, and Andrew Rosser
- The politics of policy coherence, by Ethan B. Kapstein
- Policy coherence and development evaluation: Issues and possible approaches, by Robert Picciotto
These essays address controversial policy issues affecting development today, ranging from increasing capital flows, financial regulation and socially responsible investment to achieving the Millennium Development Goals. This collection represents an important contribution to the knowledge of the effects of interdependence and policy coherence on the relationship between OECD countries and the developing world.
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