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An OECD assessment jointly with the World Bank shows that nearly one in five commitments has been fully implemented. Progress is most advanced for tax and labour market reforms. Implementation is going more slowly for product market reforms, financial regulation and to improve human capital, reported OECD Secretary-General in Washington.
Due to recent events, tax evasion has received unprecedented attention by media worldwide, and citizens are voicing their concerns and expectations for governments to act. This is an essential issue which the G20 must tackle, now more than ever, said OECD Secretary-General in Washington.
In many respects, the reforms proposed by the Growth Commission fall in-step with many of our policy recommendations for the UK in areas such as education, innovation and the economy. However, investing more in human capital, innovation and infrastructure, like broadband, is essential to make the UK more innovative and competitive in world markets, said OECD Secretary-General.
Prime Minister Fico has defined as a key priority of his Government the implementation of a programme for social stability, aiming at alleviating the impacts of the crisis and establishing long-term goals for the economic, social, environmental and technological development of Slovakia, said OECD Secretary-General.
This crisis should allow us to move to a new order in which emerging economies and developing countries have more say; from a world of environmental degradation to one that embraces resource sustainability; from a deregulatory logic to a trustable financial governance that brings banks back to their original purpose of serving society, said Mr. Gurría.
Re-igniting growth and putting people back to work will be essential to restore citizens’ confidence with positive spill-over effects on other policy measures and their effectiveness, said OECD Secretary-General.
The production and dissemination of reliable statistics have become essential for public administration and public policy. Statistics is not an aim in itself, but a very important tool to improve our understanding of an increasingly complex, interdependent and fast-evolving world, said OECD Secretary-General.
Strong international cooperation on testing, exploring and refining measurement tools on green growth is essential to support implementation and assessment of policies in both developed and developing countries, said OECD Secretary-General.
Economic growth has played a major role in lifting people out of poverty. However, there is increasing evidence that many of these people did not move up to the middle classes but into an intermediate state of “vulnerability”. Poverty continues to affect millions of people around the world, said OECD Secretary-General.
In a large majority of OECD countries, wage gaps widened and household income inequality increased during the three decades prior to the crisis. Inequalities have also been growing in many emerging economies and developing countries, despite their fast growth over the last years, said OECD Secretary-General.