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.
The jobs crisis has three particularly worrying aspects. First, the risk of unemployment becoming entrenched is more and more real in a number of G20 countries. Second, the crisis impacts disproportionately on youth. Finally, growing inequality threatens to affect social cohesion and the living standards of vulnerable families and individuals. To deal with these threats, job creation must be restarted quickly, accompanied by stronger
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The dramatic increase in international capital flows, despite a temporary contraction during the global crisis, has motivated policy discussions on the associated benefits and costs of capital mobility. While international capital movements can support long-term growth, they also pose short-term policy challenges, including those associated with undesirable consequences of exchange-rate appreciation, financial and asset-price cycles