Since joining the OECD in 1996, Korea has made impressive progress in raising living standards. Over 1996-2016, the country closed the gross domestic product (GDP) per capita gap with the OECD average by 26 percentage points. Vibrant exports underpinned strong economic growth, with Korea becoming the eighth largest exporter in the world. The country’s focus on innovation (its R&D spending is the second highest in the OECD) combined with its highly skilled population (it is among the top performers in the OECD’s Programme of International Student Assessment) supported this success. However, the convergence of Korea’s living standards to those in the most advanced countries has stalled in recent years. Output growth has slowed from 4.4% annually over 2001-10 to 2.8% since 2011. The country faces strong competition from emerging economies, notably the People’s Republic of China in low- and medium-end markets, and with advanced economies in high-end markets. This makes it more difficult for Korea to further expand its global market share.
Paris, 24-25 October 2017: Bringing together leading actors across the green finance community, the 2017 forum will focus on the short and long-term actions needed to meet the Paris Agreement; opportunities for green investment; the role of the financial system; and channels for green finance and investment.
This report presents evidence-based analysis on Ireland’s higher education transformation process towards an innovative, interconnected and multidisciplinary entrepreneurial system, designed to empower its students and staff to demonstrate enterprise, innovation and creativity in teaching, research and societal engagement. Using the OECD-European Commission HEInnovate guidance for the entrepreneurial and innovative higher education institution, the report assesses strategies and practices for entrepreneurship and innovation in Ireland’s higher education institutions and the systemic support provided by government.
Higher education institutions play a critical role in Ireland’s economy and innovation system, which is based on a strong and growing engagement agenda with industry and local communities, the emergence of new learning environments and strong multidisciplinary research teams. This report offers practical recommendations on how Ireland can enhance and sustain the outcomes.
This report on Turkey takes a case study approach, analysing the management and implementation of policies in the provinces of Kocaeli and Trabzon. It provides a comparative framework to understand the role of the local labour market policy in matching people to jobs, engaging employers in skills development activities, as well as fostering new growth and economic development opportunities. It includes practical policy examples of actions taken in Turkey to help workers find better quality jobs, while also stimulating productivity and inclusion.
Evidence on the role played by investment in global value chains (GVCs) can assist policy work on GVCs, trade, investment and development. Drawing on new and improved measures of trade and investment, these country notes provide relevant statistical information from OECD databases on trade, investment, the activities of multinational enterprises and global value chains.
This paper synthesises the main policy implications of OECD work focusing on the interplay between participation and positioning in global value chains (GVCs), employment demand and supply, and workforce skills endowment.
For over 50 years, the Code has provided a balanced framework for countries to progressively remove unnecessary barriers to the movement of capital, while providing flexibility to cope with situations of economic and financial instability. In March 2016, adhering countries adopted terms of reference for a review of the Code with a view to strengthening it and ensuring its continued relevance.
Thank you for inviting me to this distinguished event. You meet at a critical time for the steel business as there is a lot at stake for the months to come. Let me start with the big picture.
Investment in clean energy infrastructure needs to be scaled up to support the broader development, economic and climate agenda. This will require leveraging private investment, however investment in this area remains constrained by barriers, including market and government failures. This page describes what tools the OECD provides to governments to create an enabling environment for investment flows to clean energy infrastructure.
The emergence of GVCs challenges our conventional wisdom on how we look at economic globalisation and in particular the policies that we develop around it. The OECD is preparing a broad range of work to help policy makers understand the effects of GVCs on a number of policy domains.