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How is France affected by the global economic crisis? What strategy to eliminate the general government budget deficit? What are the main sources of potential savings? How to raise the employment rates of youth and older workers? What explains the gradual erosion of French export market shares? To what extent should private R&D be supported by public funding? What measures to foster competition in services sectors?
High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike.
This paper describes patterns and developments of regulation that potentially affect product market competition in OECD countries over the past decade. It uses the 2008 update and revision of the OECD indicators of product market regulation (PMR).
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External links to: recent economic data; current interest rates and exchange rates; latest macroeconomic reports; current outlook and projections; government budget information; speeches; relevant sites.
In the midst of the deepest and most synchronised recession in our lifetimes, OECD's Gurría encourages a policy response which addresses the social impact of the crisis and repairs the financial system.
Estonia grew faster than most emerging market economies during 2000-07, but it is now in a severe recession due to a collapse of domestic demand in the wake of the international financial crisis.
There are local air pollution benefits from pursuing greenhouse gases emissions mitigation policies, which lower the net costs of emission reductions and thereby may strengthen the incentives to participate in a global climate change mitigation agreement.
The financial crisis heightens the risks associated with domestic macroeconomic imbalances, but responding to short-term challenges should not detract policy makers from the long-term goals of raising productivity growth and improving efficiency in the health sector.
English, , 358kb
The global crisis is hitting New Zealand, at a time when a difficult domesticadjustment is underway. Its economy is among the most indebted in theOECD. Falling asset prices and a slump in credit demand mean that a processof debt reduction has started. Nevertheless, persistent, large current-accountdeficits and a high external debt render the economy especially vulnerablein the face of the ongoing global financial and demand shocks.
This paper studies drivers of high-frequency (daily) dynamics of the South African rand vis-à-vis the dollar from January 2001 to July 2007.