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Without propriety, integrity, transparency and the engagement of all stakeholders, markets cannot function well. Governments must protect fundamental rights and ensure good governance, fair regulations and transparency, while businesses must acknowledge that operating globally also implies a responsibility for their impact locally.
Russia is a key player in the world economy and therefore already integrated in the complex architecture of Global Economic Governance. Russia’s G20 Presidency and its leadership have underpinned this role further, said Angel Gurría.
Globalisation is largely about participation in global value chains. But making the most of globalisation and successfully integrating these value-chains requires that enterprises enhance their competitiveness and raise their productivity, said Angel Gurría
We need to work more on the growing importance of services and accompanying policies to ensure inclusive growth. Efficient services regulations are a key for increasing productivity not just in the services sectors themselves, but also in the manufacturing sectors, said Angel Gurría.
As the economic and especially the jobs crises persist, weakening – if not dismantling – the welfare state would hit the most vulnerable hardest. At the OECD we believe that social inclusiveness and growth can and should go hand-in-hand, said Angel Gurría.
Angel Gurría, Secretary-General of the OECD, shares with the Heads of the B20 Task Forces the OECD views on the current economic situation, and what they can do together going forward.
Talking points presented by Angel Gurría, Secretary-General of the OECD, at the B20 Plenary Session in Saint Petersburg, 20th June 2013.
We do not seek harmonisation of tax systems or of tax rates. We aim to close the gaps and reduce the frictions between outdated tax systems and today’s business practices, said Angel Gurría, OECD Secretary-General.
International migration flows are essential for the effective functioning of our economies. Even in times of crisis and fiscal constraint, a holistic approach is required to fully reap its full benefits, said Angel Gurría, OECD Secretary-General.
The fight against bribery and corruption demands a collective response. We need to assemble the brightest minds and keep sharing knowledge to combat this curse. Especially now (...) when corruption, coupled with growing inequality, are causing a serious loss of trust in our societies and in the institutions we have built in the last 100 years, said Angel Gurría.