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Economic policy should be better designed to bring about more inclusive growth, ensuring that the benefits of increased prosperity are shared more evenly across society, according to a new report from the OECD and the World Bank.
The global economy is recovering, but confidence is extremely uneven across different regions, according to the OECD’s latest Economic Outlook. European governments must take greater action to ensure that the crisis in the euro area does not derail the recovery.
Composite leading indicators (CLIs), designed to anticipate turning points in economic activity relative to trend, point to regained momentum in the OECD area but with divergence between economies.
At the launch of the Economic Survey of Korea, A. Gurría. said the country needs to sustain strong economic growth while achieving social cohesion through a fair distribution of income.
최근 발표된 OECD의 한국경제보고서에 따르면, 한국은 대부분의 OECD 국가보다 빠르고 역동적으로 글로벌 위기를 극복했지만, 견조한 경제성장만으로는 빠르게 진행되고 있는 고령화와 불평등의 증가 등에 의해 초래되는 근본적인 문제를 해결하는데 충분하지 않을 것이다.
Korea recovered faster and more vigorously from the global crisis than most OECD countries, but strong economic growth alone will not be enough to address the fundamental challenges posed by its rapidly ageing population and rising inequality, according to the latest Economic Survey of Korea.
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The Great East Japan Earthquake took a heavy toll of human lives and inflicted a massive economic damage, estimated at 3½ per cent of GDP. This event requires considerable time and a nation-wide effort of reconstruction. This is the first component of Prime Minister Noda’s “Strategies to Revitalise Japan”, which we very much welcome and support, said OECD Secretary-General.
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Japan has several major strengths it can draw upon but major reforms are needed on several fronts. A keystone of the Revitalisation strategy is tax reform, not only to boost revenues but also to support growth and make it greener and more inclusive.
Enhancing inclusive growth and fiscal sustainability requires effective implementation of recent reforms and fiscal consolidation. Good public administration and the rule of law are essential for effective policy implementation.