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Unemployment in South Africa is extremely high and unevenly distributed, being concentrated among young less skilled blacks.
Financial integration and development raise the likelihood of cross-border financial contagion. Further improvements are needed to European regulatory and supervisory frameworks to ensure financial stability.
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OECD Chief Economist, Klaus Schmidt-Hebbel's presentation on 18 November, 2008 at the OECD-World Bank joint conference on innovation and sustainable growth in a globalized world.
This working paper suggests that establishing stronger vertical separation between network access provision and potentially competitive services will be the main challenge for Germany going forward.
In his remarks delivered at the APEC Structural Reform Ministerial Meeting, Mr. Gurría explained that designing structural reform has been at the core of the OECD’s mission since its inception, to promote a better functioning of the global economy and raise living standards in member and partner countries. Now the OECD has gone one step further, trying to figure out how reform can be successfully implemented.
Slovenia’s product market regulation appears more stringent than in some neighbouring countries, though less restrictive than in some transition economies. In key service sectors (financial services, energy and telecommunication), low contestability linked to state involvement and strong market concentration may have deterred inward FDI.
Despite the great progress France has made in opening its markets for goods and services, and in strengthening the overall framework for competition, there are still regulatory barriers to entry in many sectors, particularly in retail trade and various professional services. The emergence of real competition in the retail market for gas and electricity and in telecommunications (provision of high speed Internet through a fibre optics
Estonia is particularly well regarded in ICT network readiness and well-functioning e-government. However, the share of production in high tech and knowledge intensive sectors is relatively low.
New Zealand’s living standards remain well below the OECD average, a situation attributable to low productivity, which in turn is related to economic geography as well as structural policy factors.
Remarks by Jørgen Elmeskov, OECD Acting Chief Economist at the OECD/IMF conference on structural reform in Europe on 17 March 2008.