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Speaking at the annual meeting of the American Society of International Law, Angel Gurría underlined that the OECD has 50 years of experience in turning dissonance into harmony by setting out international rules. He added that through multilateral cooperation we can overcome our differences and tune our economies to create shared development and human progress.
The shift in the centre of economic gravity, from the advanced to the large emerging economies, has to be reflected in the global governance architecture. The new players have to be given a stronger voice in decision-making and multilateralism has to evolve further in a more inclusive manner.
Statement by Secretary-General Angel Gurría at the occasion of the OECD-WB Conference on challenges and policies for promoting inclusive growth, 24-25 March 2011 at OECD, Paris.
For the last 50 years, the OECD has been instrumental in developing policies, international rules and best practices to address global challenges. Now, as the world emerges from the grip of a major financial and economic crisis, the OECD is more committed than ever to helping governments build a more reliable global governance architecture.
The future of the global economy can no longer be decided among a few developed nations. Emerging economies must be included in the equation. Their experiences, their knowledge, and their contribution are essential, said OECD Secretary General.
The single most important challenge China is facing is that of the shift from export-led growth to an economic and growth model driven by domestic consumption and a better quality of life for its citizens, according to OECD Secretary-General Angel Gurría.
The world economy continues to recover but there is still a considerable dispersion in performance across countries and regions. Dynamic economies, led by China and India, are expected to expand at over 7 percent in both 2011 and 2012. In contrast, OECD countries will expand by only 2.3 percent in 2011 and 2.8 percent in 2012.
As fundamental technological and demographic challenges re-shape our economies, the quality of teaching, which is the biggest in-school influence on student learning, is the yardstick for long-term growth, said OECD Secretary-General.
Central to OECD is the understanding of member countries, by member countries, for member countries. This pioneering approach is now becoming more widespread, including in the G20 context, M. Gurría declared during the celebration of the OECD’s 50th anniversary in London
Economic growth will be subdued this year and next in the United Kingdom, but the government must continue its difficult fiscal consolidation and structural reform programmes to return the economy to a sustainable path, according to the OECD Secretary-General presenting this report in London.