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The limits for extraction of natural resources have largely been reached and climate change is expected to continue lowering natural water endowments markedly in future especially in dry areas of the country
Raising efficiency in tax collection (notably VAT) is urgently needed, plans to unify the collection of tax and social security contributions should be implemented swiftly and drawing on EU funds needs to become more efficient.
Public spending per pupil on pre-primary education is low in international comparison whereas spending on tertiary academic education per graduate is among the highest in the OECD.
The European Union faces serious challenges today, with public finances in poor shape, weak long-term growth prospects and an unemployment level close to 10%. In this context, the regional policy can play a crucial role to unleash the growth potential of our economies, says OECD Secretary-General.
In his remarks for the launch of the Economic Survey of Sweden, Angel Gurría said that 'Sweden is recovering quickly and robustly from the crisis (...) in large part thanks to the sound macroeconomic and structural policies Sweden has pursued over the past couple of decades.'
The housing market figures among the main determinants of labour mobility, as households seldom make employment and housing decisions independently of each other.
The Dutch occupational pension system has been successful in securing high asset accumulation to fund generous pension promises.
Closing the income gap with the OECD and enhancing distribution of growth requires reforms in many fronts. Better functioning labour and product markets and investment in skills and infrastructure would boost productivity, while well-designed social and education policies can reduce inequalities
The extent of competition in product markets is an important determinant of economic growth in both developed and developing countries.
As a result of reforms and financial sector development, the People’s Bank of China (PBoC) now exerts significant control over money market interest rates.