ECLAC, OECD Development Centre Examine Approach for Leaving No One Behind in Transitions
Americas, Europe, Events, News, October 31 2018
NEW YORK, USA: A joint report by the UN Economic Commission for Latin America and the Caribbean (ECLAC) and the Organisation for Economic Co-operation and Development (OECD) Development Centre outlines the need for a comprehensive approach to international development cooperation that aligns with domestic policymaking, and supports the movement of countries up the income ladder. The paper on advancing the concept of “development in transition” was launched at an event in New York, US.
The paper titled, ‘Emerging Challenges and Shifting Paradigms: New Perspectives on International Co-operation for Development,’ outlines agendas around prosperity, people, peace, planet and partnership, to highlight opportunities for bi-regional partnerships between the EU and the Latin American and Caribbean (LAC) region, and aims to render international relations “more relevant, receptive and suited to the aim of leaving no one behind.”
Although recognizing that developing and emerging economies have increased their levels of national income, the authors lament that many countries still face “daunting multidimensional development challenges” on the road to lasting development gains. They highlight factors that have rendered traditional economic paradigms and policy strategies inadequate, including environmental impacts, technological advances, globalized trade and financial flows, and increases in migration and inequality.
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Re-posted with permission