As a result of the crisis, market income inequalities in OECD countries grew more between 2007 and 2010 – the worst years of the crisis – than in the preceding twelve years. This is a particular challenge for Latvia which has one of the most unequal distributions of income and wealth in the European Union.
The Spanish economy is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. To ensure a sustainable recovery and a return to lower levels of unemployment, full implementation of ongoing structural reforms is needed, warned OECD Secretary-General.
Tackling the epidemic of unemployment and underemployment that OECD countries have been facing since the first years of the crisis has been one of the top priorities at the OECD. In recent years, real wages have grown slowly, or even declined, bringing further hardship. Better policies for more and better jobs are needed.
Through the Tohoku School Project, the students have developed their capacities for innovation, leadership, and co-operation. They learned how to get the information they need when there isn’t a readymade answer in their textbook or a teacher to guide them. In other words, they learned how to learn – perhaps the most valuable lesson of all! said OECD Secretary-General.
Un mensaje claro que resulta de este Foro es que, a pesar de algunos signos de mejora, seguimos teniendo una enorme tarea por delante. Nuestras últimas proyecciones estiman que la tasa de desempleo para el conjunto de la OCDE caerá de 7,7% a finales de 2013 a 7,1% a finales de 2015.
Trade policies need to be embodied in effective structural policies to turn potential opportunities into real gains. This is why the OECD so strongly supports the Australian G20 Presidency efforts to better reflect trade and investment as essential elements of a strong, balanced and sustainable framework for growth, jobs, and development, said OECD Secretary-General Angel Gurría.
Since the start of the crisis, a growing number of OECD countries have been reporting declining inward and outward FDI, a phenomenon that could be described as ‘investment de-globalisation’. Governments must take immediate and vigorous action to reverse such trends by removing unnecessary barriers and complexities that hinder investment, said OECD Secretary-General.
A good produced in the European Union and exported to the United States may include raw materials from China, Australia, and Malaysia, and it may use services from Japan, Canada, and India. Goods and services are no longer produced in one country and sold to consumers in a second country; production is fragmented around the world and components are traded across borders multiple times.
It is a great pleasure to welcome you to the OECD, and to be here with you to discuss the challenge of financing infrastructure in Africa.
This year’s Outlook offers good news. It confirms that globally, production of most agricultural commodities increased in 2013 following the effects of adverse weather conditions a year earlier. But more importantly, it suggests that production will continue to grow to meet the demands of rising populations and higher incomes.