OECD center seeks new ways for development

March 1, 2012 10:05 am 

PARIS, March 1 — The Organization for Economic Cooperation and Development's (OECD) Development Center on Wednesday said it will change its development approaches as it celebrates its 50th anniversary.

"The world is changing profoundly," Mario Pezzini, director of the OECD Development Center, said at a press conference.

"Developing and emerging market economies have greatly increased their contribution to global growth over the last 10 years, shifting the economic center of gravity to the South and the East," Pezzini told reporters.

For the past a half century, the Paris-based center has provided a platform for both advanced and developing countries and regions to work together to promote economic progress.

"The center is now proud to count 17 emerging and developing countries (and regions) and 25 OECD countries as members," he announced.

Common challenges of countries, such as increasing inequality and the need for greater social cohesion, call for renewed dialogue and knowledge sharing, and the new situation demands new thinking on policy making, he said.

"There is no one-size-fits-all solution," the director said, stressing the need for diagnostic approaches and solutions to cut across disciplines.

As the culmination of a week of celebrating events, a high level meeting will be held on Thursday, including the Global Forum on Development, which will convene stakeholders from civil society, academia, public and private sectors to mull the future OECD Strategy on Development in the context of a more interconnected world. (PNA/Xinhua)



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