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Chile, now on the path to becoming the OECD’s newest member, is emerging from recession relatively fast on the back of government stimulus measures and a rebound in copper export prices, says a new OECD report.
Chile, que está en camino de convertirse en el miembro 31 de la OCDE, emerge de la recesión impulsado por las medidas de estímulo del gobierno y un repunte de los precios de exportación del cobre, según relata un nuevo estudio de la OCDE.
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it.
This chapter suggests ways to further bolster the economy’s resilience against shocks by sharpening the fiscal rule in copper price booms, while making room to relax it more in severe downturns.
This paper considers the role of the automobile industry in the current cycle. It shows that the industry is economically important and its cycle is intertwined with business cycles.
U.S. President Barack Obama’s plan to separate core commercial banking from some higher-risk activities in financial conglomerates and to place a moratorium on further consolidation could help to avoid a new financial crisis by resolving some major risks inherent to the current financial system.
Israel’s economy has shown resilience during the global recession, but more active education and employment policies – particularly targeted at minority groups – are needed to bolster its economic performance and bridge deep divisions within its society, according to Angel Gurría.
Monetary policy and inflation prospects are broadly sound in Israel, but significant challenges remain for fiscal policy in reducing public debt.
Israel’s education system produces many tertiary graduates but there are wide gaps across society and core skills at secondary school are weak.
Israel is supporting its business sector and promoting competition in similar ways to many OECD countries, but there is room for improvement.