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The Australian G20 presidency has made a critical and decisive contribution to reinforcing the effectiveness and impact of the Group of 20 (G20). Under Australia’s chairmanship, the work of the G20 has gained in coherence and strength, which should reinforce our joint efforts to boost and sustain future growth. Our organisation is proud to have contributed significantly to these achievements.
Over the past few years we have witnessed some challenging times. When Australia took the reins of the G20 presidency nearly a year ago, the global economy was still recovering from one of the most severe recessions of modern times.
The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.
Country notes outlining regional variations in health, jobs, safety, environment, access to services, civic engagement, housing, education, income, and employment. These notes are from the OECD publication "How's Life in Your Region?".
Getting regions and cities 'right', adapting policies to the specificities of where people live and work, is vital to improving citizens’ well-being. View the country fact sheets from the publication OECD Regional Outlook 2014.
Australia provided USD 4.9 billion ODA in 2013 (preliminary data), which represented 0.34% of gross national income (GNI) and a fall of -4.5% in real terms from 2012.
OECD Secretary-General was in Cairns (Australia) from 19 to 21 September 2014, to attend the G20 Finance Ministers and Central Bank Governors Meeting. During his visit, the Secretary-General delivered opening interventions at the G20 Ministerial sessions on Growth, Investment and Taxes.
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According to a new OECD report, variation in rates of health care activity between geographic areas within a country may be a cause for concern. Wide variation suggests that whether or not patients receive a particular health service depends on the region where they live within a country.
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Unemployment in Australia rose to a 12-year high in July of 6.4% (seasonally adjusted). While the short-term impact of the global financial crisis had been comparatively modest, the unemployment rate has been increasing steadily over the past two years (by 1.2 percentage points since July 2012), driven by declines in mining investment and slower growth in China.
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.