“We must be able to grow our economy in ways that the earth can sustain. That means growth without carbon and using the earth’s amazing larder of natural resources in ways that keep ecosystems healthy.” says WWF chief James P. Leape
Angel Gurría recalled the role played by the OECD Bologna Process and Charter and the "need to harness the potential of SMEs and entrepreneurs in the fight against unemployment, social exclusion and poverty" in his remarks to the “Bologna+10” High-level Meeting.
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How can the policy priorities identified in the OECD structural surveillance process and by G20 countries in their national policy templates contribute to stronger growth, sounder public finances and more sustainable global imbalances?
The OECD Secretary-General presents a report prepared for G20 Seoul Summit. The report is structured as follows. First, it elaborates on how the policy priorities identified in the OECD structural surveillance process and by G20 countries in their national policy templates would contribute to stronger growth, sounder public finances and more sustainable global imbalances. The Report then discusses options for strengthening the OECD
The key tables include gross domestic product (GDP), government and private spending, inflation rates, interest rates, unemployment rates and leading indicators.
Updated continuously. Includes Purchasing power parities (PPPs) for GDP and for actual individual consumption and exchange rates (national currency per USD) from 1970 to latest available.
“Simply stabilizing debt relative to GDP in most countries will require a historical consolidation effort of anywhere from 6 to 9% of GDP (...) But in fact, even more is needed to bring debt back to sustainable levels.” said OECD Secretary-General Angel Gurría.
At the heart of the crisis are failures of financial regulation, of supervision, of risk management and of corporate governance.
Drawing on the OECD’s expertise in comparing country experiences and identifying best practices, the Better Policies series tailors the OECD’s policy advice to the specific and timely priorities of member and partner countries, focusing on how governments can make reform happen.
G20 countries need to keep up the momentum of structural economic reform in order to boost confidence and job creation, OECD Secretary-General Angel Gurria tells G20 leaders.