Mexico has embarked on a bold package of structural reform to break free from three decades of slow growth, low productivity, pervasive labour market informality and high income inequality. Major structural measures have been legislated.
The economy is adjusting to the post mining-boom era. Long-term prosperity requires macroeconomic policy settings and structural reforms to focus on ensuring a successful rebalancing of economic activity towards non-resource sectors.
Curbing inflation and improving the effectiveness of public finance programmes are key challenges of macroeconomic policy in India. Complex labour regulations and infrastructure bottlenecks are holding back growth in the manufacturing sector. Raising the low female economic participation and higher spending on health would raise growth and make it more inclusive.
Structural reforms are key to achieving stronger, more inclusive and sustainable growth. Reforming the public sector together with transport infrastructures, skills and innovation policies would help raise growth and reduce regional inequality.
The OECD’s latest Economic Survey of Portugal, published on Monday 27 October 2014, assesses the significant progress the country has made to rebound from the financial crisis and subsequent recession.
Spain is emerging from a protracted recession, marked by a return to moderate growth and rising international competitiveness. Decisive banking and fiscal reforms, coupled with supportive monetary policy from the European Central Bank, have reduced financial tensions and improved public finance.
Structural reforms (labour market, banking, fiscal) have put the economy on the road to recovery.
Business dynamism has underpinned inclusive growth in the 2000s. Strong growth without widening external imbalances calls for structural reform in the business sector to boost productivity and allow firms to better compete in export markets and at home.
벤처 기업과 중소기업이 보다 큰 역할을 하는 창조적인 경제를 육성하기 위한 새로운 성장전략이 필요하다. 또한, 소득불평등과 상대적 빈곤, 특히 49%에 달하는 노인 빈곤율을 감소시킬 수 있는 정책들이 필요하다.
Korea needs to move away from its current economic model and implement a range of reforms to develop a creative economy that can sustain long-term growth, according to the latest OECD Economic Survey of Korea. The strategy should be accompanied by new measures to reduce income inequality and poverty, particularly among the elderly, the OECD said.