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  • 19-April-2018

    English

    2018 Summit of the Global Commission on the Economy and Climate - The Arc of Ambition in 2018 and 2019

    I am delighted to join you at this Second Summit of the Global Commission on the Economy and Climate to discuss the opportunities and challenges for accelerating the better climate, better growth agenda.

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  • 19-April-2018

    English

    Thailand’s achievements and challenges as it aspires to become an inclusive high-income country

    From a feudal trading hub connecting South with East Asia in the 18th and 19th centuries, Thailand has developed into a rapidly modernising and more urban economy. The second half of the 20th century saw the rapid expansion in manufacturing and services, which underpinned its transformation into an upper-middle-income country.

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  • 19-April-2018

    English

    Unblocking the productivity potential of local businesses in Ireland

    New firm-level analysis undertaken in tandem with the OECD Economic Survey of Ireland 2018 finds that the majority of businesses in Ireland have actually experienced falling productivity since the mid-2000s.

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  • 19-April-2018

    English

    G20 FMCBM Meeting: Session 1: Global Economy: Growth prospects and Potential Vulnerabilities

    The latest OECD Interim Economic Outlook forecasts show a welcome continuation of the broad-based expansion with global GDP growth around 4% this year and next.

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  • 18-April-2018

    English

    OECD Economic Survey of Costa Rica: Research Findings on Productivity

    This volume collects four studies that were prepared as background research to the 2018 OECD Economic Survey of Costa Rica. Using firm-level, trade and sectorial data, these studies seek to provide insights into the trends in productivity and its determinants in Costa Rica. This volume represents a collaborative effort by a team of researchers from the OECD Secretariat and official agencies of Costa Rica. 
  • 18-April-2018

    English

    Opening Session of the Second Ministerial Summit on Productivity in Latin America and the Caribbean

    This meeting follows a successful initiative that started in Santiago de Chile, where we met in December 2016. I trust that today’s Summit will be once again an opportunity to exchange views on how stronger productivity growth can contribute to better lives in the region.

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  • 18-April-2018

    English

    Launch of the OECD Economic Survey of Costa Rica: Research findings on productivity from firm-level, trade and sectoral data

    I would like to thank Minister Alexander Mora and the General Manager of the Central Bank of Costa Rica, Emmanuel Prado, for the active collaboration that both they and their teams have given us in this project. The access to data at the level of individual firms provided by the Central Bank was essential to complete this research.

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  • 18-April-2018

    English

    Japan: Promoting Inclusive Growth for an Ageing Society

    Japan has achieved a comparatively high level of well-being: skill levels are high, unemployment is low and life expectancy at birth is the highest in the OECD. Since its launch in 2013, Abenomics has had a positive effect on the economy, and per capita output growth has picked up. However, to achieve inclusive growth and greater well-being, Japan needs to address important challenges to foster fiscal sustainability, narrow the productivity gap with leading OECD countries and manage the demographic transition. A new fiscal plan going beyond achieving a primary surplus should lay out concrete measures to raise revenues and control spending. As Japan’s population ages, using all available talent in the labour market and achieving gender equality are key to overcome labour shortages. Boosting productivity, which has been stagnant, will require increasing returns from R&D, capitalising on the digital economy, fostering the dynamism of SMEs, and reducing barriers to foreign direct investment and trade to promote greater integration into global value chains. Japan’s education system is one of the top performers in the OECD, but there is scope to further invest in teachers and schools. Finally, further action to foster green growth and environmental quality as well as effectively leveraging upcoming international sports events, such as the Rugby World Cup 2019 and the Olympic and Paralympic Games 2020, would also boost local development and inclusive growth. The complementarity of reforms needed to achieve inclusive and sustainable growth in in an aging society makes a compelling case for a comprehensive approach.
  • 17-April-2018

    English

    OECD Economic Surveys: Costa Rica 2018

    Costa Rica has achieved strong levels of well-being. However, many institutional obstacles are hampering more robust growth and the spreading of its gains more widely. Setting in motion a 'virtuous cycle' of inclusive growth will require reforms across several policy areas that present win-win opportunities in terms of equity and productivity improvements. Rebalancing spending towards early childhood and secondary education would improve outcomes and equity and also help increasing the low level of participation of women in the labour market. Costa Rica should move from the current emphasis on education spending towards outcome policy targets, supported by performance indicators. Policies to reduce labour market informality should continue, including greater enforcement of obligations to pay social security contributions and a gradual move to a smaller number of minimum wages. Eliminating unjustified exemptions from competition would boost productivity growth. Fiscal imbalances remain the major threat to growth and living standards in the medium term. A comprehensive fiscal reform package is needed to bring to a halt the fast rising debt-to-GDP ratio, including measures to increase tax revenues and curb spending, strengthen the budgetary framework with a new, operational fiscal rule and restrict earmarking.SPECIAL FEATURES: FISCAL POLICY; PRODUCTIVITY; INCLUSIVE GROWTH
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  • 17-April-2018

    English

    Presentation of the 2018 Economic Survey of Costa Rica

    Over the past decade, Costa Rica has achieved strong socio-economic progress that benefits the lives of its citizens, underpinned by virtually universal healthcare, basic education and access to pensions.

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