An OECD assessment jointly with the World Bank shows that nearly one in five commitments has been fully implemented. Progress is most advanced for tax and labour market reforms. Implementation is going more slowly for product market reforms, financial regulation and to improve human capital, reported OECD Secretary-General in Washington.
Although job creation has improved, since the end of the 2007-08 recession, the effects of the recession on the labour market remain severe.
The US innovation system has many strengths, including world class research universities and firms that thrive in innovation-intensive sectors.
The United States should do more to foster innovation and provide more equitable access to high-quality education in order to maintain its status as the world's most vibrant and productive economy, according to OECD's latest Economic Survey of the United States.
Country Notes from OECD Economic Policy Reforms: Going for growth 2011 presenting OECD recommendations for structural reform priorities for individual countries.
A heated debate between Princeton University economist Paul Krugman and Harvard economic historian Niall Ferguson was a highlight of the 11th World Knowledge Forum*-held in Seoul, Korea from 12-14 October-and among the conference's most attended sessions.
The United States faces challenging budgetary prospects, as do most other OECD countries. The federal budget deficit widened considerably during the recession, reaching about 10% of GDP in both 2009 and 2010, reflecting the operation of automatic stabilizers and the policy response to the crisis
The consensus view of scientists is that the build-up of greenhouse gases (GHG) in the atmosphere is causing global warming. To reduce the probability of severe climate change impacts and costs occurring, global GHG emissions need to be reduced substantially over coming decades.
Higher oil prices and the prospect of higher borrowing costs are likely to reduce the productive potential of OECD economies. The present study provides illustrative numerical estimates of the impact under different scenarios using a stylised model based on a production function.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.