India’s economy continues to grow at an impressive rate, with projected annual GDP growth of 7.5% in 2017-18. India will thus remain the fastest-growing G20 economy. Unprecedented growth in exports in services since the 1990s has made India a global leader in this sector. Inflows of foreign direct investment (FDI) grew at three times the annual world average rate in the last decade, reflecting the success of efforts to attract international investment and gradually loosen restrictions to foreign investment. India’s economic successes are being translated into increased well-being for its population. As GDP per capita has more than doubled in ten years, extreme poverty has declined substantially. Access to education has steadily improved, and life expectancy has risen. Multiple opportunities present themselves for India, and the right mix of policies is needed to take advantage of them. India has made advances in integrating in global value chains and developing a competitive advantage in fields such as information and communication technology. Now is the time to secure continued progress by boosting competition and further lowering barriers to trade and investment. Looking to the future, it will be vital to fully tap into the potential offered by India´s young population. This means investing in the large numbers of young people entering the labour market. Likewise, the rapid pace of development must be matched with the upgrades to infrastructure necessary to support it.
I would like to thank Minister Ulla Tornes and Permanent Secretary Ulrik Vestergaard Knudsen for hosting us; and I would also like to highlight the leadership of Klavs Holm the Danish Ambassador to the OECD in setting up such an ambitious agenda. Last but not least, let me welcome representatives of the MCM co-Chairs, Australia and the United Kingdom and, of course, BIAC and TUAC.
It is a pleasure to be with you in Copenhagen. This conference fits neatly with the reflection which Denmark has been leading as Chair of the 2017 OECD Ministerial Council Meeting, whose theme is making globalisation work for all.
Les classifications de risque pays établies par les Participants à l'Arrangement sur des crédits à l'exportation bénéficiant d’un soutien public ("l’Arrangement") sont la pierre angulaire des règles de l’Arrangement sur les taux de prime minimums pour le risque de crédit. Ces classifications sont établies dans le seul but de fixer les taux de primes minimums applicables pour les opérations soutenues conformément à l’Arrangement.
Règles sur Primes minimum pour les crédits à l'exportation bénéficiant d'un soutien public en novembre 2016 implémenté en 2017
Evolution des règles sur Primes minimum pour les crédits à l'exportation bénéficiant d'un soutien public depuis 1997
L'initiative conjointe de l'OCDE et de l'OMC pour la mesure du commerce extérieur en valeur ajoutée a pour but de remédier au comptage multiple qui est implicite dans les mesures classiques de flux commerciaux bruts, et de s'intéresser plutôt à la valeur ajoutée par les pays (au travers de la rémunération du travail, des taxes et des profits) dans la production des biens ou services exportés.
People in many countries, especially advanced countries, are expressing growing discontent about globalisation. They feel that its benefits have accrued mostly to a small and already well-off segment of the population. In addition, many citizens are dissatisfied with the way economic integration has been advanced. They complain about too little transparency and too many conflicts of interests between policy makers and firms. Several of the negative effects feeding the discontent have more to do with technological change than with globalisation per se, but the two are closely intertwined. Moreover, the policies put in place to alleviate negative impacts of economic openness on some groups, industries and regions have not always worked as intended, and global rule-making has not kept up with reality. Given its many benefits, reversing economic integration is not a solution. Rather, we need to find ways to make it work for all. This report sets out what needs to be done to advance a fairer and more inclusive globalisation – at the global level, at the European level and within Germany.
English, PDF, 2,843kb
Citizens in many countries are expressing dissatisfaction with how they believe trade, technology and immigration are affecting their daily lives. While much of this discontent can be traced back to the global economic crisis, its root causes are more complex. What can be done at the Global, European and German level?
This joint OECD and World Bank Group report, presented to G20 Trade Ministers in October 2015, focuses on the challenge of making GVCs more “inclusive” by overcoming participation constraints for SMEs and facilitating access for LIDCs. Results suggest that SME participation in GVCs is mostly taking place through indirect contribution to exports (rather than through direct exports), and that a holistic approach to trade, investment and national and multilateral policy action is needed to create more inclusive GVCs.
The report highlights the importance of ensuring access to ICT networks – in particular broadband – and stimulating innovation – in particular by enhancing the ability of SMEs to manage and protect their intellectual assets. At the same, the report underscores the importance of helping small firms scale up quickly, and to better integrate in GVCs by lowering barriers to the entry, growth and exit of firms. Countries should also avoid favouring incumbents over new firms.