Presentation: Carl Dahlman | Head of Global Development Research, OECD Development Centre
Comment: Friedolin Strack | Director International Markets, Federation of German Industries, BDI
Moderator: Heino v. Meyer | Head OECD Berlin Centre
The economic weight of developing countries in the world economy has been increasing over the last two decades. The rise of China, in particular, has led to positive spillover effects on both developed and developing economies that supply its demand for intermediate products and natural resources. However, the process of convergence of developing countries towards high incomes has slowed in recent years. At current growth trends the per capita incomes in many middle-income countries will not reach the levels of developed countries by 2050. Boosting productivity growth will be vital to meeting this “middle-income challenge”. The lunchtime seminar will explore these issues and draw on the findings of the OECD’s 2014 Perspectives on Global Development report which focuses on the global economic shift to developing countries, giving detailed comparative analysis of productivity levels and changes over time. The report focuses more specifically on the BRIICS and asks what they need to do to deal with their middle-income challenge. The meeting will also discuss implications for advanced OECD economies such as Germany.
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