Policy matters! The G20 must take bold action to escape the low-growth trap, tackle slowing productivity growth and rising inequalities, and make the most of technological progress while minimizing its disruptive impact. The OECD stands ready to support this effort to achieve, in the words of our Chinese hosts, an innovative, invigorated, interconnected and inclusive growth.
Policy action is moving in the right direction, but we can only escape the self-reinforcing low-growth trap by meeting the aims of the Hangzhou Action Plan to forge a path towards strong, sustainable, balanced and inclusive growth.
The world economy is trapped in three interrelated vicious circles: a “low-growth trap”, a low-growth/low interest rates trap, and at no point in the past 30 years has productivity growth been lower. How do we break these three vicious cycles? A bold and comprehensive, three-pronged policy package is needed, many elements of which are encapsulated in this year’s B20 recommendations.
Today, the challenge of water security is global and it is growing. We estimate that by 2050, over 40% of the global population will live under severe water stress; and as global population increases, so will tensions among different water uses.
Le Secrétaire général de l'OCDE Angel Gurría a salué le cessez-le-feu entre le gouvernement colombien et les rebelles FARC, mettant fin à plus d'un demi-siècle de conflit armé.
I have just written to Prime Minister Renzi. We are thinking of those who lost their lives, their families, their homes, as well as the many others affected by this disaster.
The OECD welcomes the laws of the National Anti-corruption System that were approved by the Parliament on June 16, 2016 and enacted on July 18, 2016, clearing the way for one of the key pillars of Mexico’s structural reform agenda. The promulgation of these laws substantially transforms the anti-corruption architecture of Mexico by putting in place measures that the OECD considers effective.
La loi généralise la « garantie jeune », qui prévoit pour les jeunes entre 18 et 25 ans ni en emploi, ni en études, ni en formation un accompagnement renforcé vers l’emploi et une allocation mensuelle. Elle met également en place un compte personnel d’activité, qui permet aux travailleurs de garder leurs droits, dont les droits à la formation, quand ils changent de statut sur le marché de travail.
My report to you for this meeting sets out three objective criteria to identify non-cooperative jurisdictions with respect to tax transparency: the implementation of the Exchange of Information on Request standard, the implementation of the Automatic Exchange of Information standard, and joining the multilateral Convention on Mutual Administrative Assistance in Tax Matters (multilateral Convention).
A critical dimension of the 'low-growth trap’ is a lack of investment. Weak investment is undermining productivity growth and lowering potential output by holding back capital deepening and hindering the pace at which innovation is embodied in plant and equipment.