The New Year has begun under a shroud of economic uncertainty with flagging growth, growing inequality, persistent unemployment and troubled government finances in most of the world’s largest economies. In his editorial for the 2012 OECD Yearbook, Angel Gurría sets out a vision for the year ahead.
As we start a new year, we are mindful at the OECD that data has a way of focusing the mind and holding up a mirror to our lives. The OECD Factbook 2011 - 2012 is a treasure trove of data. Test out some fast facts that might surprise you, and could even impress your dinner guests.
It may be true that money can’t buy you happiness, but this only applies if you have enough money to meet your basic needs – a home, food, clothes for your family, education for your children. What happens when that basic equation breaks down and millions see no hope of improving their lot?
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The economic outlook has weakened significantly over the past six months, which is not good news for employment or the prospects of those looking for work. Policy action targeted on youth and the long-term unemployed can, and must, be taken.
WEO-2011 provides invaluable insights into how the energy system could evolve over the next quarter of a century. The book is essential reading for anyone with a stake in the energy sector.
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This Note reports on implementation of the structural reform commitments identified by G20 countries in the Seoul Action Plan and subsequent updates, and reported in greater detail in the national policy templates. In doing so, the Note complements the preliminary Report (Pursuing Strong, Sustainable and Balanced Growth: Taking Stock of Structural Reform Commitments) submitted to the Framework Working Group and the G20 Deputies ahead
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This Report builds on the lessons learned from the OECD’s regular surveillance of structural policies in G20 countries (reported in Going for Growth), which focuses on a number of policy areas highlighted in the Seoul Action Plan (and subsequent updates) for structural reform in pursuit of strong, sustainable and balanced growth. On the basis of preliminary analysis, the Report takes stock of implementation of Going for Growth
At this Financial Regulation Session of the G20 Leaders Summit, M. Gurría spoke of 'a comprehensive reform of the international financial architecture that should include financial inclusion, protection and education'.
"At the end of the day, this is what the G20 is about: its “raison d’être” is to show leadership and equip the global economy with an efficient framework for policy coordination. And trade in raw materials and in food commodities should be no exception to this.", said M. Gurría.