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.
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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?
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Germany had the 2nd highest tax wedge among the 35 OECD member countries in 2016. The country had the 3rd highest position in 2015. The average single worker in Germany faced a tax wedge of 49.4% in 2016 compared with the OECD average of 36.0%.
These country specific notes provide figures and commentary from the Taxation and Skills publication that examines how tax policy can encourage skills development in OECD countries.
International tax matters remain an important priority as you work to ensure that the progress made in the last few years is embedded through coherent, global implementation. My report for this meeting provides you with the latest update on the work of the Inclusive Framework on BEPS, which now has over 90 members.
As you probably know, the OECD Code of Liberalisation of Capital Movements is the sole multilateral agreement among state parties, signed by 34 OECD and 12 G20 members, aimed at ensuring openness, accountability and transparency in cross-border capital flow policies.
Going for Growth is the OECD’s flagship publication on structural policies. Its purpose is to help policymakers set reform agendas for the wellbeing of their citizens and to achieve strong, sustainable, balanced and inclusive growth.
I am very pleased and thankful to the IIF for having invited me to speak on a topic that is at the heart of the OECD’s business, namely world trade and the global economy.
The Secretary-General was in Baden-Baden on 17-18 March 2017 to attend the G20 Finance Ministers and Central Bank Governors meeting. While in Baden-Baden, he also presented the OECD Going for Growth report, hold bilateral meetings and attend the G20 High-Level Symposium: Global Economic Governance in a Multipolar World.
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The report provides a brief overview of the characteristics of recently arrived asylum seekers and discusses current labour market conditions and the outlook for integration. In the preparation of this report, extensive consultations with employers were undertaken. Recent policy initiatives are assessed against good practices from other OECD countries.