Joint release of OECD Economic Survey of Israel and Review of Israel’s Labour Market and Social Policy

Israel’s economy has shown resilience during the global recession, but more active education and employment policies – particularly targeted at minority groups – are needed to bolster its economic performance and bridge deep divisions within its society, according to Angel Gurría.

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Presentation of the Economic Survey of Israel

Israel has weathered the recent recession very well and the policy responses have been appropriate. Nevertheless, long-term fiscal sustainability needs to be reinforced by bringing down public debt and the fruits of economic growth should be better redistributed to low-income households, said the OECD Secretary-General during his presentation of the report to the Prime Minister Netanyahu.

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• Reforming education and raising employment key to Israel’s long-term economic growth

Towards a stronger, cleaner and fairer world economy

As a region with strong trade, investment, migration and financial links with the rest of the world, Latin America has not escaped the global crisis and its GDP is expected to contract between 1.5% and 2% in 2009, according to the OECD Secretary-General.

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• Hacía una economía mundial más fuerte, más limpia y más justa
• Hacía una economía mundial más fuerte, más limpia y más justa

Hacía una economía mundial más fuerte, más limpia y más justa

In vista de sus fuertes vínculos comerciales, de inversión, de migración y financieros con el resto del mundo, América Latina no se ha escapado de la crisis global y se espera una contracción del PIB de la región de entre 1.5% y 2% en 2009, segun el Secretario general de la OCDE.

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• Towards a stronger, cleaner and fairer world economy
• Towards a stronger, cleaner and fairer world economy

India and the OECD: Growing cooperation in support of a stronger, cleaner and fairer world economy

At the OECD-India Symposium, M. Gurría explained that the recovery in India should continue to gain momentum and growth exceed 6% in the current fiscal year. In 2010, growth should rise above 7%, which is amongst the fastest projected growth rates globally.

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• Seminar: Growth performance and sustainability in the enhanced engagement countries
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Supporting Japan policy objectives: the OECD Contribution

Japan is one of the countries hardest-hit by the crisis. We now see signs of a recovery in Japan, thanks to large-scale fiscal stimulus and accommodative measures by the Bank of Japan. But the great challenge today is to move from a policy-based recovery to self-sustained growth.

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• Supporting Japan’s Policy Objectives: OECD’s Contribution
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• Innovation: the path to stronger, smarter and greener growth
• Secretary-General speech for the launch of the Economic Outlook n°86

The Korean G-20 leadership: Assessing the key issues for 2010 - New sources of sustainable and balanced growth

A year ahead of Korea chairing the next G20 Summit, Mr. Gurría described in Seoul the “cocktail” of strategy, policies and framework conditions that will enable economies to harness new sources of economic growth, prevent environmental degradation and enhance the quality of life.

Launch of Economic Survey of Ireland

Following the severe contraction of the Irish economy, Gurría indicated that stabilising the financial system, tackling unemployment, and raising competitiveness will be the main economic challenges for Ireland.

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• OECD Secretary-General visit to Ireland (Dublin, 4 November)

Presentation: The political economy of reform: Lessons from pensions, product markets and labour markets in ten OECD countries

Why are some policy reforms implemented while others languish? This new report aims to answer this important question by looking backwards - at 20 structural reform efforts in 10 OECD countries, during the past two decades.

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• to be changed

Reform beyond the crisis

This paper discusses how governments can “seize the moment” of the economic crisis to suggest and implement structural reforms. It examines the particular challenges to reform – and possible solutions to those challenges.

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• to be changed