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In a speech given in Beijing, Angel Gurría recommended that China boost public spending on social infrastructure, including education, health, pensions and social assistance, in order to reduce inequalities, and suggested a more flexible exchange rate regime to avoid looming inflationary pressures.
China’s economy has outperformed all expectations, both over the long haul and, more recently, during the global Great Recession. But structural reforms are still needed in a number of areas such as increased social spending to improve living standards over the longer run, according to the OECD Secretary-General.
Speaking at the China development forum, Mr Gurría said that the world is now emerging from the deepest recession since the 1930s but he added that OECD countries need to face the challenge of ensuring that a strong, jobs-rich recovery takes hold and that potential growth can be restored and maintained over the longer term.
"We need to reform international finance so that it plays its essential role in supporting economic activity -- and does not provoke another systemic crisis. But we have to ask ourselves, do we have the right global governance mechanisms to address these issues in an effective way? " said A. Gurría at colloque on “Refondation du système monétaire et financier international”.
In his opening remarks for the book launch for the Horizontal Water Programme, Mr. Gurría underlined that good water management is important for a stronger, cleaner and fairer economy.
In his remarks to the Central Bank of Greece, Mr. Gurría offered the OECD support, expertise, and policy experience to help Greece modernise its economy and put it on a path of sustained growth.
Addressing the U.S. Export-Import Bank’s annual conference, OECD Secretary-General Angel Gurría called for new efforts to unblock the Doha Development Agenda trade talks in order to liberalise trade, stimulate business activity and boost jobs.
At the USCIB Global Investment Conference in Washington A. Gurría announced that the OECD is considering the feasibility of a non-binding “Model Investment Treaty”, building on converging understandings in OECD and partner countries and invited other organisations to join these reflections.
Innovation allowed us to continuously increase our ability to produce food for growing populations and remains a key driver of poverty reduction in poor rural economies, according to OECD Secretary-General. But governments need to pay attention to policy issues such as regulation, intellectual property rights and public acceptance of new technologies in order to realise the full potential of existing knowledge.
Segun el Secretario general de la OCDE, A. Gurría, España debe y puede superar los desafíos importantes de nuestro tiempo. Ya se han tomado medidas importantes y necesarias. Hay que mantener ese rumbo en el futuro.