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.
Between 2000 and 2010, US manufacturing experienced a nightmare. The number of manufacturing jobs in the United States, which had been relatively stable at 17 million since 1965, declined by one third in that decade, falling by 5.8 million to below 12 million in 2010 (returning to just 12.3 million in 2016). Certainly, the 2007–08 recession accelerated the disruption, but the causes were also structural, not simply financial.
Recent years have seen a remarkable backlash against globalisation. The costs of increased openness and connectivity – including the consequences of trade and investment liberalisation – are weighted as never before against the benefits, with many voices advocating a slowdown or even a reversal of the global integration that has characterised the past three decades. While there are many economic, social and political reasons for this backlash, there is sufficient evidence showing that globalisation is leaving many people behind, particularly in the lower half of the income distribution, and especially in advanced countries. This backlash suggests that we need to act quickly to fix globalisation and make sure that its benefits are more equally shared. The consequences of a potential reversal of global integration could be dramatic: increased protectionism resulting in a net loss of wealth and opportunities and dangerous inward-looking policies that would put at risk many of the benefits achieved in the past decades.
Recorded message from Colin MacDonald, Chair of the Working Party of Digital Government Officials (E-Leaders), delivered at the 55th Session of the OECD Public Governance Committee on the relevance of the digital transformation and its implications for public sectors
This paper analyses the role that inclusive innovation policies can play in tackling social, industrial and territorial inclusiveness challenges by drawing on 33 detailed policy examples from 15 countries. The paper discusses why these policies should be a priority, explores the specific challenges that arise in their implementation, and provides recommendations as to how the challenges can best be addressed.
Costa Rica’s successful economic performance and social achievements realised over the last three decades are widely acknowledged. GDP per capita has steadily increased at higher rates than in most Latin American countries as the economy has evolved along its development path from a rural and agriculture-based to a more diversified economy integrated in global value chains. But Costa Rica faces challenges and must enhance and broaden the basis for productivity growth by strengthening its innovation system and enhancing the role of science, technology and innovation in addressing its national development goals.
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We cover a vast range of topics, developing evidence-based policy advice on the contribution of science, technology and innovation to economies and societies. From business dynamics and productivity to GVCs and the evolution of the digital economy, and from innovation for social challenges to alleviating excess capacity in heavy industries, we seek to provide new insights for policymakers. We also "go national" with in-depth reviews.
This report discusses the implications of the digitalisation of finance for financial education and relevant consumer protection issues and provides an overview of digital financial services around the world.
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To improve productivity and help address socio-economic challenges, such as ageing, Japan needs to strengthen its innovation performance.
This paper is a first attempt to analyse the linkages between both types of networks and identify a number possible government implications. The motivation for this analysis is that concerns are raised in policy discussions that countries are not able to capture the value of their innovative activities.