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 1 JULY 2012
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THIS ISSUE'S TOPICS
Highlights Economic Statistics Nuclear Energy
OECD Publishing News Education Public Management
Agriculture/Food/Fisheries Employment Science & Technology
Business and Markets Energy SMEs & Entrepreneurship
Development Environment Taxation
Economic Developments Health Trade
Info/Comm Technology Transportation

HIGHLIGHTS

OECD International Migration Outlook 2012 OECD Health Data 2012 OECD Insights: From Aid to Development


Migration starting to rebound, says International Migration Outlook 2012: Press release | Book announcement | Book on Online Bookshop | Book on OECD iLibrary

Growth in health care spending grinds to a halt, says OECD Health Data 2012: Press release | Subscribe to database on Online Bookshop | View data on OECD iLibrary

OECD Insights - From Aid to Development: The Global Fight against Poverty: Book on Online Bookshop | Book on OECD iLibrary

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OECD PUBLISHING NEWS

Versions of OECD publications that can be read on mobile devices are now available for selected OECD publications and will become available for all publications by the end of the year when clicking on the "Read" button on the OECD iLibrary. See the example for the OECD Economic Outlook

OECD Subscription Prices for 2012: Price list

New OECD Key Titles Catalogue, 2012: Catalogue

OECD iLibrary: Brochure

OECD publications will be on exhibit at the following events in the coming months:

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AGRICULTURE/FOOD/FISHERIES

OECD Review of Fisheries 2011


OECD Review of Fisheries 2011: Policies and Summary Statistics: Book on Online Bookshop | Book on OECD iLibrary

Forthcoming
-OECD/FAO Agricultural Outlook 2012: Book listing
-Agricultural Policy Monitoring and Evaluation 2012: OECD Countries
-OECD Review of Fisheries 2011: Policies and Summary Statistics: Book listing
-Rebuilding Fisheries: The Way Forward: Book listing

-Livestock Diseases: Prevention, Control and Compensation Schemes: Book listing

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BUSINESS & MARKETS

Systemic Financial Risk African Central Government Debt 2012 Competitiveness and Private Sector Development: Ukraine


Systemic Financial Risk: Book on Online Bookshop | Book on OECD iLibrary

African Central Government Debt 2012: Book on Online Bookshop | Book on OECD iLibrary

Competitiveness and Private Sector Development: Ukraine 2011: Sector Competitiveness Strategy: Book on Online Bookshop | Book on OECD iLibrary

Greece’s failure to investigate major foreign bribery cases raises significant concerns, says OECD: Press release | Report (PDF - 658 kb)

Slovak Republic must urgently introduce effective legislation holding companies liable for foreign bribery: Press release | Report (PDF - 639 kb)

Sweden's enforcement of foreign bribery laws far too weak: Press release | Report (PDF - 533 kb)

Forthcoming
-OECD Guidelines on Corporate Governance of State-Owned Enterprises
-Stocktaking of Business Integrity and Anti-Bribery Legislation, Policies and Practices in Twenty African Countries: Book listing
-Capital Markets in the Dominican Republic: Tapping the Potential for Development: Book listing
-Competitive Neutrality: Maintaining a Level Playing Field between Public and Private Business: Book listing
-Financial Education in Schools: Policy Guidance, Challenges and Case Studies: Book listing

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DEVELOPMENT

OECD Insights: From Aid to Development African Central Government Debt 2012


OECD Insights - From Aid to Development: The Global Fight against Poverty: Book on Online Bookshop | Book on OECD iLibrary

African Central Government Debt 2012: Book on Online Bookshop | Book on OECD iLibrary

Canada’s development aid is focused and effective but should be more generous and efficient, says OECD's Development Co-operation Review of Canada: Press release | Full report

Development Accounting:  Lessons for Latin America: Working paper

OECD Development Centre on Twitter: Announcement

Forthcoming
-Stocktaking of Business Integrity and Anti-Bribery Legislation, Policies and Practices in Twenty African Countries: Book listing
-Capital Markets in the Dominican Republic: Tapping the Potential for Development: Book listing

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ECONOMIC DEVELOPMENTS

OECD Economic Surveys United States 2012


OECD and the G20: Website

The United States needs to foster education and innovation to keep its cutting edge, says OECD Economic Surveys: United States 2012: Press release | Book announcement | Book on Online Bookshop | Book on OECD iLibrary

OECD Economic Outlook, Volume 2012, Issue 1: Print version is now available: Book on Online Bookshop | Book on OECD iLibrary

OECD Economics Department Working Papers
-963: Promoting Social Cohesion in Korea
-964: Achieving the "Low Carbon, Green Growth" Vision in Korea
-965: Sustaining Korea's Convergence to the Highest-Income Countries
-966: International Capital Mobility and Financial Fragility - Part 3. How Do Structural Policies Affect Financial Crisis Risk? Evidence from Past Crises Across OECD and Emerging Economies
-967: International Capital Mobility and Financial Fragility - Part 4. Which Structural Policies Stabilise Capital Flows When Investors Suddenly Change Their Mind? Evidence from Bilateral Bank Data
-968: International Capital Mobility and Financial Fragility - Part 5. Do Investors Disproportionately Shed Assets of Distant Countries Under Increased Uncertainty? Evidence from the Global Financial Crisis
-971: Credit Crises and the Shortcomings of Traditional Policy Responses
-972: Europe's New Fiscal Rules
-973: An Analysis of Productivity Performance in Spain Before and During the Crisis: Exploring the Role of Institutions

OECD Economics Policy Papers
-2:
International Capital Mobility: Press release | Paper

Forthcoming
-OECD Economic Surveys: Turkey 2012


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ECONOMIC STATISTICS

National Accounts V2012 N2 Detailed Tables


National Accounts of OECD Countries, Volume 2012 Issue 2: Detailed Tables: Book on Online Bookshop | Book on OECD iLibrary (PDF available now; printed book to come soon!)

Unit labour costs for OECD area rose by 0.3% in the first quarter of 2012: Press release

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EDUCATION

Let's Read Them a Story Delivering School Transparency in Australia


Let's Read Them a Story! The Parent Factor in Education: Book on Online Bookshop | Book on OECD iLibrary

Delivering School Transparency in Australia: National Reporting through My School: Book on Online Bookshop | Book on OECD iLibrary (PDF available now; printed book to come soon!)

Higher Education Management and Policy, Volume 24 Issue 1 includes articles on the impact of accreditation on the reform of study programmes, higher education strategy in Ireland, strategic planning for academic research, alternative researcher identities, university admissions testing, drivers for knowledge exchange and institiutional strategies for responding to skills policy. Subscribe to the journal | View issue on OECD iLibrary

Innovative Research-Based Approaches to Learning and Teaching: Working paper

Hybrid Learning Environments: Merging Learning and Work Processes to Facilitate Knowledge Integration and Transitions: Working paper

educationtoday: OECD’s blog on global perspectives on education: Blog

Forthcoming
-School Leadership: The creation of a common school culture: Teaching and Learning: International Survey (TALIS 2008 Data thematic report)
-Innovation in School Education: TALIS Thematic Report
-Reviews of National Policies for Education: Higher Education in the Dominican Republic 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Canada 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Teacher Evaluation in Chile 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Czech Republic 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Japan 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Korea 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Luxembourg 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Mexico 2012: Book listing
-Quality Matters in Early Childhood Education and Care: New Zealand 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Norway 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Portugal 2012: Book listing
-Quality Matters in Early Childhood Education and Care: Sweden 2012: Book listing
-Quality Matters in Early Childhood Education and Care: United Kingdom 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Slovak Republic 2012: Book listing
-OECD Reviews of Evaluation and Assessment in Education: Teacher Evaluation in Chile: Book listing
-OECD Reviews of Vocational Education and Training: Skills beyond School Review of Switzerland: Book listing
-Modernising Secondary School Buildings in Portugal: Book listing
-Untapped Skills: Realising the Potential of Immigrant Students: Book listing
-Connected Minds: Technology and Today's Learners

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EMPLOYMENT & SOCIAL AFFAIRS

OECD International Migration Outlook 2012 Free Movement of Workers and Labour Market Adjustment


Migration starting to rebound, says International Migration Outlook 2012: Press release | Book announcement | Book on Online Bookshop | Book on OECD iLibrary

Free Movement of Workers and Labour Market Adjustment: Recent Experiences from OECD Countries and the European Union: Book on Online Bookshop | Book on OECD iLibrary

Forthcoming
-Job Tasks, Work Skills and the Labour Market
-OECD Employment Outlook 2012: Book listing

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ENERGY

Urban Energy Policy Design: Article by IEA's Executive Director

IEA Executive Director on bioenergy fact-finding mission in Malaysia: Press release

IEA to share energy expertise and data with Russian forecasting firm and grid operator: Press release

Russia’s monthly oil exports reach highest level in a year: Press release

Forthcoming
-Energy Policies of OECD Countries: Slovak Republic 2011
-Electricity Security and a Climate-constrained World
-Energy Policies of IEA Countries: Switzerland 2012
-Energy Policies of IEA Countries: Ireland 2012

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ENVIRONMENT

OECD and Rio+20: Website

Green innovation in tourism can trigger major economic, social and environmental benefits: Press release

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HEALTH

OECD Health Data 2012


Growth in health care spending grinds to a halt, says OECD Health Data 2012: Press release | Subscribe to database on Online Bookshop | View data on OECD iLibrary

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INFORMATION AND COMMUNICATIONS TECHNOLOGY

Selected data on OECD Broadband Portal has been updated: Broadband Portal

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NUCLEAR ENERGY

Methods for Safety Assessment of Geological Disposal Facilities for Radioactive Waste: Report (PDF - 5.11 mb)

The Role of Nuclear Energy in a Low-Carbon Energy Future: Report (PDF - 1.45 mb)

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PUBLIC MANAGEMENT

OECD Territorial Reviews Skane Sweden Value for Money in Government Australis 2012 Slovenia: Towards a Strategic and Efficient State


OECD Territorial Reviews: Skåne, Sweden 2012: Book on Online Bookshop | Book on OECD iLibrary

Value for Money in Government: Australia 2012: Book on Online Bookshop | Book on OECD iLibrary PDF available now; print version to come soon!

Slovenia: Towards a Strategic and Efficient State: Book on Online Bookshop | Book on OECD iLibrary PDF available now; print version to come soon!

Forthcoming:
-Lobbyists, Governments and Public Trust, Volume 2: Promoting Integrity through Self-regulation: Book listing
-Working Smarter in Revenue Administration: Book listing
-Promoting Growth in All Regions: Book listing
-Stocktaking of Business Integrity and Anti-Bribery Legislation, Policies and Practices in Twenty African Countries: Book listing
-Better Regulation in Europe: Greece 2012: Book listing

-OECD Territorial Review: Chicago Tri-State Metropolitan Region: Book listing
-OECD Integrity Review of Brazil: Managing Risks for a Cleaner Public Service: Book listing

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SCIENCE , TECHNOLOGY & INDUSTRY

Meeting Global Challenges through Better Governance: International Co-operation in Science, Technology and Innovation Print edition now available: Book on Online Bookshop | Book on OECD iLibrary

Green innovation in tourism can trigger major economic, social and environmental benefits: Press release

Industrial Policy and Territorial Development: Lessons from Korea. Print version now available. Book on Online Bookshop | Book on OECD iLibrary

Forthcoming
-OECD Tourism Trends and Policies 2012: Book listing
-OECD Reviews of Innovation Policy: Slovenia 2012: Book listing

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SMEs & ENTREPRENEURSHIP

Green innovation in tourism can trigger major economic, social and environmental benefits: Press release

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TAXATION

Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Review People's Republic of China


Global Forum and OECD report steady progress in international tax co-operation: Press release | Progress report | Supplementary Report on Compliance

Tax co-operation boosted as Global Forum on Transparency and Exchange of Information for Tax Purposes releases new reports: Press release
-People's Republic of China: Book on Online Bookshop | Book on OECD iLibrary
-Cook Islands: Book on Online Bookshop | Book on OECD iLibrary
-Greece: Book on Online Bookshop | Book on OECD iLibrary
-Grenada: Book on Online Bookshop | Book on OECD iLibrary
-Liberia: Book on Online Bookshop | Book on OECD iLibrary
-Lebanon: Book on Online Bookshop | Book on OECD iLibrary
-Montserrat: Book on Online Bookshop | Book on OECD iLibrary
-St. Lucia: Book on Online Bookshop | Book on OECD iLibrary
-United Arab Emirates: Book on Online Bookshop | Book on OECD iLibrary

Joining forces to fight financial crime and illicit activities: Press release

OECD releases draft Commentary on the International VAT Neutrality Guidelines: Draft Commentary (PDF - 304 kb)

Forthcoming:
-Model Tax Convention on Income and on Capital 2010: Full Electronic Version (eMTC)
On USB Flash Memory Key: Listing

-Model Tax Convention on Income and Capital 2010: Full Version Book listing
-Taxing Wages 2011: Book listing
-Working Smarter in Revenue Administration: Book listing

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TRADE

The OECD Regulatory Reform Review of Indonesia:  Market Openness: Working paper

Monthly Export Credit Interest Rate Update: Website

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TRANSPORTATION

June 2012 ITF Newsletter highlights new road safety database for Latin America and the Caribbean: Newsletter

Electric Cars: Ready for Prime Time? Policy Brief (PDF - 92 kb)

Forthcoming:
-Trends in the Transport Sector 2012: Book listing
-Pedestrian Safety, Urban Space and Health: Book listing

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FROM THE OECD INSIGHTS BLOG

Inequality, the crash and the crisis. Part 3: The Limit to Inequality
The key lessons of the 2008 Crash are now becoming clear. For the last thirty years, some of the world’s most important economies have been applying a faulty theory on the way the economy works. Demand in most large economies is wage-led not profit-led. That is, a lower wage share leads to lower growth. This is also true in aggregate of the global economy. Read more

Rio+20=0?
Many politicians “cannot resist the power of the Invisible Demons, because they Secretly Serve the Invisible Demons”, according to one comment on the Rio+20 outcome document on the blog of Kumi Naidoo, Executive Director of Greenpeace International. I had a more lurid image of Satan and his minions, but it’s true that an eternity spent affirming, acknowledging, underscoring, stressing, recognising and recalling the need for holistic and integrated approaches to this and that would qualify as a reasonable definition of Hell in most religions.  And speaking of definitions, Greenpeace’s political director Daniel Mittler described Rio+20 as an “epic failure … developed countries have given us a new definition of hypocrisy”. Other civil society organisations agree, including Oxfam, WWF, and the International Trade Unions Confederation. How about the OECD? Read more

Turing’s Economics: A Birth Centennial Homage
The “Five Turing Classics” – On Computable Numbers, Systems of Logic, Computing Machinery and Intelligence, The Chemical Basis of Morphogenesis, and  Solvable and Unsolvable Problems– should be read together to understand why there can be something called Turing’s Economics. Herbert Simon, one of the founding fathers of computational cognitive science, was deeply indebted to Turing in the way he tried to fashion what I have called “computable economics”, acknowledging that “If we hurry, we can catch up to Turing on the path he pointed out to us so many years ago.” Simon was on that path, for almost the whole of his research life. It has been my mission, first to learn to take this “path”, and then to teach others the excitement and fertility for economic research of taking it too. Read more

Going with the flow: Can analog simulations make economics an experimental science?
Nobel Laureate James Meade related how, “Once upon a time a student at London School of Economics got into difficulties with such questions as whether Savings are necessarily related to Investments, but he realized that monetary flows could be viewed as tankfuls of water…” Meade’s support led to the young Bill Phillips’ creation of the Moniac, a sophisticated hydromechanical analog simulator, a cascade of tanks and interconnecting valves controlled by slotted plastic graphs representing the major sectors of the British economy. It was a fully dynamic simulator that, as Phillips explained in a 1950 paper, “will give solutions for non-linear systems as easily as for linear ones. The relationships need not be in analytical form if the curves can be drawn”. Meade recognized the machine’s dynamic nature and the visibility of its flows as a powerful teaching tool. A favorite exercise at London School of Economics was to run an experiment on the impact of uncoordinated government intervention. One student (the “Chancellor of the Exchequer”) controlled taxation and public spending, a second managed monetary policy (“Head of the Bank of England”). Told to achieve a stable target level of national income while disregarding each other’s actions, they produced results that were invariably messy. Phillips used his machine to investigate many complex issues, leading to his applications of feedback control theory to economics and the Phillips curve showing the relationship between inflation and unemployment for which he is famous.  So why the current lack of analog simulations, which can reveal an economy’s dynamics yet are regulated by the physical laws of the analogy on which they are based? Read more

What can NASCAR teach NASDAQ about avoiding crashes?
The Flash Crash wiped one trillion dollars off US stocks in 20 minutes on May 6, 2010, with most of the damage being done in only five minutes. But it took the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) nearly five months to produce a report on those five minutes. If it takes so long to reconstruct and analyze an event that has already happened, imagine the difficulties in trying to regulate and prevent such incidents in markets where 1500 trades are made in the time it takes you to blink and where dozens of globally interconnected exchanges and trading facilities have replaced a small number of centralized stock markets. The Lawrence Berkeley National Laboratory (LBNL) is actually a Department of Energy national laboratory, but we work in a number of data-intensive scientific areas where detecting and predicting particular events is crucial, ranging from cosmology to climate change. In 2010, Horst Simon, then director of LBNL’s Computational Research Division (now deputy director of LBNL) and I co-founded LBNL’s Center for Innovative Financial Technology (CIFT) to help build a bridge between the computational science and financial markets communities. Read more

Economic Models used in the OECD Economics Department
Macroeconomics and, more specifically, economic models have come in for widespread criticism for their failure to predict the financial crisis. Informed criticism often focuses on so-called “Dynamic Stochastic General Equilibrium” models (mercifully abbreviated to DSGE models), which had become the dominant approach to macroeconomic modelling in both academic and policy circles. Such models based on assumptions of “efficient markets” and “optimising agents” with “rational expectations”, seemed to rule out the possibility of financial crises by the very nature of their assumptions. The approach to economic modelling within the OECD is, however, much more eclectic with a large number and wide variety of different models used for different purposes. Read more

 

 

 

 


 

 

 

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