Recent reforms have improved Mexico’s overall budget framework, helping it to withstand the current global crisis, but further reforms are needed to ensure long-term fiscal sustainability, according to the OECD Secretary-General.
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This presentation was made by Elizabeth Montoya, Chief of staff/Director of external affairs, Office of Personnel Management, United States, at the Experts meeting on Building a stronger and a fairer public service by fostering diversity, held at the OECD Conference centre on 1st October 2009.
Speaking at the governance forum of the third MENA-OECD ministerial meeting, Mr. Gurría noted that sound regulations and efficient public services are essential for better functioning private markets. He added that governments should ensure integrity, transparency and accountability by modernizing legal frameworks and encourage a more inclusive economy, an economy empowering women.
In the context of the economic crisis, reforms can become an effective vehicle for sustained recovery but governments must find the right balance between an effective regulatory and institutional framework and minimising unnecessary red tape. Moreover, governments cannot reset the economy on their own and the contribution of the women and the private sector will be crucial, according to the OECD Secretary-General.
Opening this event in Marrakesh, Angel Gurría underlined that the economic crisis has not spared the MENA region, with a significant economic contraction and a severe impact on the labour markets. According to the Secretary-General, the MENA-OECD Initiative can serve as a model for effective co-operation in building the global economy of the future.
In his annual speech to the Centres of Governments network, Mr. Gurría reminded that this group is becoming more and more important as decision makers in OECD countries and beyond are being confronted by a combination of policy challenges of unprecedented size and complexity. According to the OECD Secretary-General, these challenges can only be addressed successfully if governments act together and learn from each other.
In his opening address at the Global Forum on Public Governance, OECD's Gurría underlined that building a stronger global economy means building a cleaner global economy.
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This overview paper examines the financial crisis in light of past country experience and economic theory and draws preliminary policy recommendations.
Mr. Gurría underlined that business ethics should be at the center of any new road-map for the global economy. Markets should not only be more stable, but morally acceptable as well. He said that it is time to reunite ethics and economics through a solid, transparent and updated set of rules.
The Territorial Development Policy Committee met to discuss how regional policies can address global challenges. Mark Drabenstott, Director of the RUPRI Center for Regional Competitiveness, University of Missouri, US, and TDPC Chair, tells the regional policy story.