Finland has been hit hard by the global crisis, mainly through a sharp fall in exports, and the recovery is still hesitant. Bold action is needed to find new sources of growth, regain competitiveness, ensure sound public finances, and preserve the Finnish welfare model, Mr Gurría said.
In his speech at the occasion of the Finnish Government's mid-term review, the Secretary-General praises high-quality human capital and a large degree of social cohesion as key assets of the Finnish economy. To reach its full economic potential the country should engage in structural reforms to remove unnecessary obstacles to competition and growth and raise the efficiency of public services.
The world economy is recovering, but many challenges remain to eliminate global imbalances. Countries must address the crucial question of capital movements while deepening their commitment to structural reforms, according to OECD Secretary-General Angel Gurría.
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Statement by Ms Sirkka-Liisa Anttila, Minister for Agriculture and Forestry, at the OECD Agriculture Ministerial Meeting 2010
Marking 40 years of Finnish membership to the OECD, Secretary-General Gurría underlined that Finland has been crucial in supporting OECD work from development aid, environmental sustainability, effective and efficient government, employment policies to social cohesion enabling the OECD to build a more balanced and inclusive globalised world.
The crisis has shown the vulnerability of a global economy based on the idea that ever increasing production and consumption were the key to success, says OECD Secretary-General Angel Gurría.