In his speech delivered at the China Development Forum, Mr. Gurría described the OECD strategic response to the crisis. Stronger means making our economies more resilient and able to deliver durable benefits in terms of material well-being. Cleaner is not only in the sense of environmentally sustainable, but also addressing the “darker” side of globalisation, issues like money laundering, corruption and tax evasion that impede us from
OECD Secretary-General Angel Gurría has warned of a “crisis of globalisation” if governments succumb to protectionist pressures. Speaking to the International Chamber of Commerce in Paris, he said emergency stimulus measures taken by governments during the crisis needed to be carefully conceived and monitored to preserve the long-term strength of the economy.
The current crisis offers governments the opportunity to combine emergency action with the important structural reforms needed to improve long-term growth and resilience in their economies, according to the OECD Secretary-General.
Today’s report is designed to help OECD countries pursue reforms that will raise their long-term living standards. This year’s Going for Growth is special in that it comes at a time when OECD countries are faced with the most severe financial and economic crises in a lifetime.
En su discurso, Angel Gurría ha subrayado que las reformas para fomentar mercados de productos más competitivos han sido más profundas en España que en el promedio de la OCDE. Durante los últimos diez años, España ha logrado una importante reducción del control estatal sobre las empresas en el ámbito de los negocios y también una reducción significativa de las barreras al “emprendimiento”, al comercio exterior y la inversión.
In his remarks, Mr. Gurría highlighted that reforms to promote more competitive product markets have been deeper in Spain than in the average of OECD country by reducing state control over enterprises in the business domain and lowering barriers to enterprise, foreign trade and investment.
At a meeting with Slovak Economists, Mr. Gurría underlined that the OECD has developed a strategic response to deal with the current situation, while at the same time addressing the interaction between different policy actions in our economies.
At the World Economic Forum in Davos, Mr. Gurría presented the OECD strategic response to the financial and economic crisis which provides elements and analytical tools to help governments redesign and restart the financial system, but also a comprehensive strategy to put the global economy back on a sustained growth trajectory.
Angel Gurría shares his views about issues on the 2009 Davos agenda. Beyond short-term expediency, politicians must figure out how to set a long-term course for the global economy. Along with more effective regulation, we need fairer social policies and an end to the bottlenecks that block competition and innovation and hamper sustainable growth. We must also find ways for governments to exit from their massive emergency interventions
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This overview paper examines the financial crisis in light of past country experience and economic theory and draws preliminary policy recommendations.