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Localities across the OECD area are confronted with the challenge of reducing high and persistent unemployment and defining new sources of economic growth, all in the context of shrinking public resources. The 9th Annual Meeting offered an opportunity to reflect on innovative ways to support local job creation, business growth and effective policy delivery.
English, PDF, 96kb
Disaster is now the norm. As we build and rebuild cities for the future we will have to create new models of spatial and economic development based on continuing violent and unpredictable weather. This seminar engaged this topic, asking questions and pointing to directions for an unknowable natural environment.
Growth in Unit labour costs (ULCs) in the OECD area accelerated to 0.6% in the fourth quarter of 2012, compared to 0.2% in the third quarter. Overall, growth in labour compensation per unit of labour input slowed marginally (to 0.3% compared to 0.4% in the third quarter). But this was more than offset by a significant slowdown in labour productivity (minus 0.3% compared to plus 0.2% in the previous quarter).
English, PDF, 299kb
The main purpose of the conference was to summarise the local scenarios of demographic change project results, present the most important conclusions and recommendations coming out from its realiaation and discuss strategic approaches to counteract negative results of demographic changes in Poland and in other OECD countries.
High-growth firms (HGFs) – firms able to grow fast over a short period of time – contribute to most new jobs in advanced economies.
Luxembourg is a rich and fast-growing country. However, inequality of disposable incomes has trended up modestly over the past decades and relative poverty has risen reflecting mainly the rapid growth of high incomes.
Employment has risen by more and unemployment has risen less than expected, given the path of output. Nevertheless, long-term and youth unemployment and involuntary part-time work are high. A polarised labour market risks worsening income inequality, which is high by OECD standards, despite a recent and likely temporary decline.
Under the Universal Credit reform, the main means-tested benefits except the Council Tax Benefit will be pooled into one single benefit with one single taper rate. The reform will give people better incentives to work, reduce complexity and contribute to reducing poverty.
The OECD LEED Delivering Local Development work stream examines the local and regional framework conditions and instruments for intervention to achieve successful local economic development in participating countries and localities. It covers strategic themes encompassing finance and investment, building the knowledge base, delivery vehicles and economic strategies (including the local development impacts from global events).
The OECD unemployment rate increased to 8.1% in January 2013, compared with 8.0% in the previous month.