Young firms play a crucial role in job creation but have missed out on many of the benefits of structural reforms of the past decade in OECD countries.
After a decade of relatively strong growth, Latin America is facing headwinds associated with declining trade, a moderation in commodity prices and increasing uncertainty over external financial conditions, according to the latest Latin American Economic Outlook jointly produced by the OECD Development Centre, the UN Economic Commission for Latin America and the Caribbean (UN ECLAC) and CAF - Development Bank of Latin America.
Most OECD governments use tax incentives to encourage businesses to invest in research and development (R&D) to boost innovation and drive economic growth. Others, like China, India and South Africa, are doing the same. But reforming these incentives would give countries a better return on their investment and support young innovative firms that play a crucial role in job creation, according to a new OECD report.
OECD countries must ensure mobile markets remain open and competitive in order to sustain innovation and meet rising demand for data services, according to a new OECD report.
Business spending on research and development has been hit hard by the economic crisis, with nearly all OECD countries seeing a fall in investment which could impact innovation and long-term growth, according to a new OECD report.
The OECD has launched an initiative with the Japanese Ministry of Education, Science and Technology, Fukushima University and local schools for students in the Tohoku region to create and organise an event that will showcase the country’s recovery from the 2011 Great East Japan earthquake.
The quality of patent filings has fallen dramatically over the past two decades. The rush to protect even minor improvements is overburdening patent offices and reduces the potential for breakthrough inventions, according to the Science, Technology and Industry Scoreboard 2011.
Russia should increase protection of intellectual property, strengthen competition and invest more in research and development to boost innovation and entrepreneurship across its economy, according to a new OECD report.
“Knowledge is the main driver of today’s global economy,” said OECD Secretary-General Angel Gurría at the launch of the OECD Innovation Strategy in Paris. “Countries need to harness innovation and entrepreneurship to boost growth and employment. This is the key to a sustainable rise in living standards.”
Finland, the Netherlands and Sweden have the lowest prices for mobile phone calls among OECD countries, according to the latest OECD Communications Outlook. The highest were found in Canada, Spain and the United States.