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The crisis has forced us to engage in a true soul searching exercise – to see where we stand, where our models have failed, and where we need to go. But how can we best prepare ourselves for the new global economic landscape while addressing current challenges?
Growth is weak or negative; unemployment is at record levels; deficits and debt are sky high; and we are on a collision course with nature. It is therefore imperative to go structural, go social and go green, said OECD Secretary-General at the Doosan Global Business Forum.
Speaking at the French-American Foundation, Angel Gurría was invited to report on the main outcomes of the OECD Week (Forum and Ministerial Council). He also presented OECD perspectives on the current global economic outlook, in particular for the United States (US) and France.
Increased productivity, green-growth and more open markets will be essential if the food and nutrition requirements of future generations are to be met. Governments should also renounce trade-distorting practices and create an enabling environment for a thriving and sustainable agriculture underpinned by improved productivity, said OECD Secretary-General Angel Gurría.
Governments should use every possible means at their disposal to help jobseekers, especially young people, by removing barriers to job creation and investing in their education and skills. The young are at most risk of long-term damage to their careers and livelihoods, said Angel Gurría.
Leaders met in Busan and agreed to form the Global Partnership for Development Co-operation to strengthen trust, accountability and knowledge-sharing in development co-operation. Angel Gurría offered some thoughts on each of these objectives.
International migration flows are an extraordinary source of change, progress and integration. These flows have built our nations and they keep being essential for the functioning of our economies, both in sender and host countries, said OECD Secretary-General in Brussels.
Despite important achievements, sustainable development is still a challenge, not a reality. In moving forward, we need to ensure that our policies have a stronger focus on sustainability and inclusion, in particular in developing countries, even more than elsewhere, said OECD Secretary-General at Rio+20.
Our contributions to the G20 anti-corruption work have spanned from strengthening enforcement of foreign bribery laws to drawing G20 principles on asset disclosure or whistleblower protection, and making public procurement cleaner and more effective to fight solicitation, said OECD Secretary-General.
Speaking at Los Cabos G20 Summit, Angel Gurría underlined the urgency of tackling the steep rise in youth joblessness that took place during the crisis. Labour market programmes, including effective counselling, job-search assistance and temporary hiring subsidies for low skilled youth, can make a real difference in facilitating the transition to productive and rewarding jobs for young jobseekers.