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The centre of economic gravity is moving from the advanced to the large emerging economies, particularly Brazil, China and India. For many years, OECD countries accounted for around 70% of global GDP. Today, this share has shrunk to around 60% and it is set to fall further.
The Internet is a driver of innovation, improves efficiency, and thus contributes to growth and employment. This high-level meeting is a unique opportunity to strengthen global principles to create a reliable, resilient and innovative Internet environment.
Combating bribery and corruption has become a top global priority, and it is central to our mission. We need to enhance our anti-corruption efforts, strengthen their coherence and improve cooperation with other important actors, like the legal profession practitioners, said Angel Gurría.
Sustaining economic growth is certainly important to promote social cohesion but growth alone cannot solve all problems. Instead, well-targeted social policies are essential to promote social cohesion and reverse the upward trend in income inequality. This is the “go social” challenge facing Korea, said OECD Secretary-General in Seoul.
"Fifteen years of co-operation between the OECD and Korea are only a start of what I believe will be a long and mutually beneficial journey.", said Mr Gurría at the OECD-Korea celebration event.
"The success of green growth will depend on whether it is a shared global agenda. Many developing countries are not yet fully equipped to introduce new ‘greener’ policies and tap into the benefits of a green future", declared Mr Gurría at the Global Green Growth Summit.
Over the coming decade, higher food prices and volatility in commodity markets are here to stay. This raises concerns for economic stability and food security in some developing countries, with poor consumers most at risk of malnutrition, said OECD Secretary-General.
India’s economy has ranked among the best performers over the past decade, and poverty has been falling faster than in many other emerging economies. India now has the opportunity to move towards sustained and socially inclusive double-digit growth if the right policies are put in place, according to the OECD Secretary-General.
India faces the same challenges as every OECD member country: how to adapt its domestic tax system and its international tax policies to a borderless economy, and how to ensure that the approaches embraced today will be well suited to meet the needs of the economy of tomorrow, said OECD Secretary-General. OECD can offer to India a forum for sharing worldwide experiences and benchmarking national policies against best practices, a
Food prices are literally a matter of life and death, especially for the poorest of the poor, who already spend up to 80% or 90% of their income on food. Unfortunately, our medium term projections for global supply, demand and prices of agricultural commodities show that most prices look likely to trend significantly higher in the coming decade.