Human Development Report 201413 Sep 2014
When developed economies stopped growing during the 2008–2009 financial crisis but developing economies kept on growing, the world took notice. The rise of the South, seen within the developing world as an overdue global rebalancing, has been much commented on since. This discussion has typically focused narrowly on GDP and trade growth in a few large countries. Yet there are broader dynamics at play, involving many more countries and deeper trends, with potentially far-reaching implications for people’s lives, for social equity and for democratic governance at the local and global levels. As
this Report shows, the rise of the South is both the result of continual human development investments and achievements and an opportunity for still greater human progress for the world as a whole. Making that progress a reality will require informed and enlightened global and national policymaking, drawing on the policy lessons analysed in this Report.
- Bangladesh among 'Highlighted 18' countries that achieved rapid progress
- Few countries have sustained rapid growth without impressive levels of public investment— not just in infrastructure, but also in health and education.
- Without investment in people, returns from global markets are likely to be limited. Success is more likely to be the result not of a sudden opening but of gradual and sequenced integration with the world economy