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Special chapter from Economic Outlook No. 84, November 2008.
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OECD Chief Economist, Klaus Schmidt-Hebbel's presentation on 18 November, 2008 at the OECD-World Bank joint conference on innovation and sustainable growth in a globalized world.
OECD is preparing a two-pillar action plan for governments, as part of a global response to the world financial crisis, calling for tighter regulation and oversight of financial markets and improved national policies to promote economic growth.
As the financial crisis deepens and spreads, a decisive policy action is needed to restore confidence and restart the flow of credit, according to Mr.Gurría.
Governments which are successful at reforming empower their people to make the most of globalisation, creating a favourable environment for education, for business, for innovation and for sustainable development, according to Mr. Gurría.
The use of econometric models in OECD's forecasting process, Sources and Methods of the OECD Economic Outlook.
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The world is rapidly transforming and a number of dynamic emerging economies,including South Africa, have become major players and trading partners with the members of the Organisation for Economic Co-operation and Development(OECD). In this context, the OECD Members have recognised the need for theOrganisation to become more open and relevant in order to realise its strategicgoal of becoming an important hub for dialogue on globally
In a context of fiscal surpluses,the Canadian government has been: markedly reducing corporate income and capital taxes; providing more personal tax relief especially at lower incomes and above all for saving; and cutting the federal value added tax (GST).
This working paper suggests that establishing stronger vertical separation between network access provision and potentially competitive services will be the main challenge for Germany going forward.
In his remarks delivered at the APEC Structural Reform Ministerial Meeting, Mr. Gurría explained that designing structural reform has been at the core of the OECD’s mission since its inception, to promote a better functioning of the global economy and raise living standards in member and partner countries. Now the OECD has gone one step further, trying to figure out how reform can be successfully implemented.