Employment

Policy challenges for the next 50 years

 

What are the forces shaping the global economic outlook for the next half century? How will the economic landscape change? How should policies adjust to cope with this change? This study identifies the following main challenges for the next 50 years?

  • Sustaining growth while addressing rising inequality
  • Stepping up international cooperation in an increasingly multipolar world 
  • Addressing emerging policy trade-offs

 Read the papers

Policy Papers

Policy Notes

OECD 50-year global scenario: Policy challenges

OECD 50-year global scenario: Trade and specialisation patterns

 

»Related working papers

OECD 50-year global scenario: Shifting gear

今後50年間の政策課題

Key findings

The global economic balance will continue to shift towards the current non-OECD area, whose economic structure and exports will increasingly resemble those of the OECD.

 

Global growth will slow from 3.6% in 2010-2020 to 2.4% in 2050-2060 and will be increasingly driven by innovation and investment in skills.

 

Due to the rising economic importance of knowledge that will tend to raise returns to skills, by 2060 pre-tax earnings inequality in the OECD area may reach the level of today’s most unequal OECD countries.

 

Climate change will curb global GDP by 1.5% on average and almost 6% in South and South-East Asia before 2060, unless increases in CO2 emissions are curbed.

 

Working Papers

1112 New evidence on the determinants of industrial specialisation by Åsa Johansson and Eduardo Olaberría 

1128 What explains the volume and composition of trade? Industrial evidence from a panel of countries by Åsa Johansson, Przemyslaw Kowalski, Eduardo Olaberría and Dario Pellegrino

1136 Long-term patterns of trade and specialisation by Åsa Johansson and Eduardo Olaberria

1139 Gross earning inequalities in OECD countries and major non-member economies: determinants and future scenarios by Henrik Braconier and Jenifer Ruiz Valenzuela

1140 International migration: the relationship with economic and policy factors in the home and destination by Ben Westmore

1141 The demand for skills 1995-2008: a global supply chain perspective by Bart Los, Marcel P. Timmer and Gaaitzen J. De Vries

Further reading

Growth prospects and fiscal requirements over the long term

Economics department working papers

 

 

 

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