Weak productivity growth is a major problem afflicting most societies. It curbs growth in incomes and endangers the sustainability of social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms and, among them, “zombie firms” – in essence firms that would typically exit or be forced to restructure in a competitive market.
The OECD welcomes the outcomes of today's Ministerial meeting of the Global Forum on Steel Excess Capacity, and congratulates Germany on this important achievement on the last day of its G20 Presidency. The Global Forum was created by G20 Leaders, at their Hangzhou summit in September of last year. The OECD is honoured to be serving the Global Forum as its Facilitator and to contribute to its achievements to date.
Governments need to rethink their tourism policies to encourage more diversity, reduce concentration in high-density destinations and put in place long-term strategies that are ecologically sustainable and socially inclusive, according to the OECD.
A modest recovery is under way in the global steel market but structural imbalances remain acute amid sluggish demand growth expected in the long-term demand, the OECD Steel Committee said at the end of its meeting this week.
Entrepreneurial activity appears to be recovering from the crisis as new data show that the number of new businesses created has been rising in most OECD countries.
On 20 June 2017, Kazakhstan became the 48th country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. Adherence signals Kazakhstan's commitment to provide a fair and transparent environment for international investment and willingness to encourage the positive contribution investment can make to economic, environmental and social progress.
Globalisation has failed to create a level playing field in trade, investment and corporate behaviour, being one of the factors contributing to a backlash against openness in many countries and a decline in confidence in government institutions.
The slowdown in productivity growth - already underway before the crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released today by the OECD.
Businesses need to step up the adoption of cutting-edge technologies, materials and processes if countries are to reap their full potential in terms of productivity gains, according to a new OECD report.
In an increasingly competitive international environment, providing workers with the right mix of skills can help ensure that globalisation translates into new jobs and productivity gains rather than negative economic and social outcomes, according to a new OECD report.