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All our established certainties about the economy and how best to regulate it have been shaken to the core by the Great Recession. It is forcing a radical rethink about our underlying economic models and how appropriate they are in the current context, said the OECD Secretary-General.
OECD and ILO heads call upon the Ministers of Labour and Employment of the G20 countries to put a greater, renewed emphasis on employment policies to help economies accelerate and sustain the recovery, achieve higher levels of decent work and get out of the debt trap, at the G20 Meeting in Mexico.
Thinking and acting seamless should be part of a new approach to our economic challenges, said the OECD Secretary-General at the International Transport Forum.
We must improve mobility policies, foster energy technology and innovation and we must go seamless to improve efficiency and connectivity of transport. It is time to act now, to design, promote and put in place better transport policies for better lives!
Well coordinated urban policies should help reap the full benefits of structural reforms by reducing strong territorial disparities, said A. Gurría at the at launch of the National Urban Policy Review of Korea.
At the launch of the Economic Survey of Korea, A. Gurría. said the country needs to sustain strong economic growth while achieving social cohesion through a fair distribution of income.
Given the high debt level, large-scale increases in social spending are not affordable. Instead, Japan needs to focus on the underlying cause of rising equality and poverty through structural reforms that can provide a double dividend by boosting economic growth and social cohesion.
Without adequate investment in skills, people languish on the margins of society, technological progress does not translate into inclusive economic growth, and countries can no longer compete in an increasingly knowledge-based global society, said OECD Secretary-General.
The Great East Japan Earthquake took a heavy toll of human lives and inflicted a massive economic damage, estimated at 3½ per cent of GDP. This event requires considerable time and a nation-wide effort of reconstruction. This is the first component of Prime Minister Noda’s “Strategies to Revitalise Japan”, which we very much welcome and support, said OECD Secretary-General.
Policy making, including trade negotiations, must be based on hard evidence. At the end of this year, we expect to release a database of value-added trade statistics for both goods and services, involving 56 economies – including all G20 countries covering more than 95% of world output.