The global economic crisis is entering a new phase amid signs of a return to positive growth in many countries. But unemployment is likely to remain high and much still needs to be done to underpin a durable recovery. The OECD is working with the world’s governments and other organisations to get economies moving again.
Spotlight
“Better regulation is not going to hurt the economy,” says OECD Secretary-General Angel Gurría in a recent interview with Bloomberg Television at Davos. “It’s not going to kill the banks if they’re better regulated. It’s going to give assurances both to the banks but also to the economy at large that we’re not going to have another crisis …”
Following the Pittsburgh G20 Summit, OECD Employment Ministers met to discuss ways to help workers and low income households weather the storm of the crisis.
The global economic crisis and recent tax evasion scandals have spurred calls for fairness and transparency of the tax system. Removing practices that facilitate tax evasion is part of a broader drive to clean up one of the more controversial sides of a globalised economy.
Ministers from 40 countries, representing 80% of the world economy, discussed the crisis at the OECD's annual ministerial meeting in June, ahead of the G8 Summit. OECD countries and other leading economies are looking to "Green growth" as the way forward out of the current crisis.
>> Green growth
Innovation
The key to restoring long-term growth is our ability to innovate. By investing smart, governments can buffer the downturn, accelerate recovery and lay the foundation for strong and sustainable growth.
>> Innovation and the crisis
>> E-government
