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While China's recent growth trajectory certainly has been notable, the country still faces a number of challenges to build a more inclusive economy as it attains higher levels of prosperity for its citizens, said OECD Secretary-General.
China is becoming an increasingly important player and we need more inclusive global governance so its contribution is crucial. The crisis offers a unique opportunity to build a stronger, cleaner and fairer global economy.
We have made some incredible progress from a time when bribes were considered just part of doing business and companies could claim them back as a tax deduction. But there is still a long way to go. One of our main challenges is ensuring enforcement, said OECD Secretary-General.
The triple shock that hit Japan on 11 March 2011 - combining an earthquake, a tsunami and a nuclear accident - has been the largest natural disaster in Japan. The loss and pain have been immense, but the spirit with which Japan has faced this crisis has been even greater, said Angel Gurría.
The publication "Water: Meeting the Reform Challenge" is a call for action and a guide to getting the basics of water policy right. Sustainable financing, solid governance, and policy coherence: those are the key pillars, the building blocks for successful water reform.
Water is one of the world’s most precious resources. And today, cities, farmers, industries, energy suppliers, and ecosystems are increasingly competing for their daily water needs. As a result, the costs of inadequate water management are becoming higher and higher. And not just financially – but also in terms of lost opportunities, compromised health and environmental damage.
Chicago is at a tipping point: despite economic strengths, it faces considerable challenges to compete in the “Premier League” of world-class cities, warns the OECD Secretary-General.
Tackling the economic crisis, implementing structural reforms, generating jobs, mitigating climate change and reversing inequality are huge challenges that we can overcome if we work together, said OECD Secretary-General.
OECD Secretary-General Angel Gurría congratulates the Greek authorities for the successful outcome of the voluntary Greek debt exchange programme.
Green and Growth can go together, provided that the appropriate framework and the right economic and regulatory incentives are in place to encourage sustainable use of our resources and the environment, said Angel Gurría.