I want to focus on the urgent and systemic issue of climate change, which is more than just an environmental problem. Just two days ago, the 2017 Lancet Countdown report was released, showing that climate change is already a critical public health issue, one disproportionately affecting the most vulnerable as well as those least responsible for anthropogenic warming.
There is no single factor that can explain the rise of protectionism in the US, Brexit, Catalan separatism and the strength of populist parties in the Netherlands, France, Italy, Germany, Austria and other countries.
“I congratulate Prime Minister of Canada Justin Trudeau, President of the European Council Donald Tusk, and President of the European Commission Jean-Claude Juncker on the signature of the Canada-EU Comprehensive Economic Trade Agreement (CETA). The deal comes at a crucial time when slowing trade growth and low investment are contributing to the weakness of the global economy.
Today’s theme – prospering in a low-growth era – suggests that growth rates have declined permanently and that we should focus on how to prosper in such new conditions. There are many problems facing us today not directly related to the pace of economic growth. Indeed, some challenges, like climate change, may actually be eased by slower growth.
La faiblesse de la croissance et la montée des inégalités sont des défis majeurs auxquels doivent faire face la majorité des responsables des politiques publiques de par le monde, qu’ils soient chefs de gouvernement, ministres, députés, ou élus locaux.
I am delighted to be in Montreal to launch the 2016 Economic Survey of Canada. I would flag that we are today also releasing another report, in our Better Policies series, which looks at Canada’s policy performance across a broad range of areas, with recommendations in each. I handed a preliminary version of this report to Prime Minister Trudeau late last year, but we have been refining it since then and today are making it public.
Over the past two decades, Canada has witnessed continued economic stability and progress despite the recent crisis that wreaked havoc in most other advanced economies. In fact, Canada has never had a banking crisis and has one of the highest levels of well-being, but challenges remain, said OECD Secretary-General.
As advanced economies struggle to consolidate recovery from the deepest financial crisis in modern times, promoting innovation becomes critically important to develop new products, new services, and new ways of doing thing, said OECD Secretary-General.
To tackle rising inequalities we need to reassess the way in which our economies grow. By placing inclusiveness at the heart of the growth debate we can open up opportunity so that every citizen can realise their potential, to contribute to, and benefit from, more equitable economic growth, said OECD Secretary-General.
Solving the long-term investment ‘puzzle’ must, by its very nature, be a joint effort between public and private sectors. Policymakers need to partner with institutional investors to find workable solutions, said OECD Secretary-General in Montreal.