Governments have agreed to work together to hold the increase in global average temperature to below 2°C above pre-industrial levels. Yet, the world is currently on course for a global mean surface temperature increase of around 3-5°C by the end of the century.
In a world beset by uncertain economic prospects, stronger innovation performance is essential to boosting productivity growth and job creation, and to addressing global challenges like climate change, pandemics and ageing populations. But how do we make innovation happen?
Making sense of and communicating data requires imagination and creativity. The bolder and more ambitious we are, the better we can produce, analyse and communicate policy-relevant data to support better water policies for better lives.
During these difficult years, productivity growth has slowed down, reviving fears that we are now entering a period of poor growth and low job creation. One of the main challenges facing our countries is what to do to re-launch productivity, the main factor of long-term growth, and how to do it. This has been the focus of the report we are launching today entitled “The Future of Productivity”.
Because the OECD is not only a “Global Standard Setter and a house for best practices”. It is also a pathfinder for effective implementation and we will be very proud to share our experience and expertise with APEC member economies and their business circles to develop innovative ideas and practical tools for competitive economies and inclusive societies!
As advanced economies struggle to consolidate recovery from the deepest financial crisis in modern times, promoting innovation becomes critically important to develop new products, new services, and new ways of doing thing, said OECD Secretary-General.
The report highlights the importance of taking a more experimental approach to innovation policy, one that is based on systematic evaluation and improvement, learning from both successes and failures. More importantly, it provides examples of how to put this experimental approach into practice, said OECD Secretary-General in Washington.
The reviews that we are presenting today are a clear example of the type of benefits that Colombia will derive from its accession to the OECD. They are also a testament to the vision shown by President Santos’s Government in promoting best practices in these areas through closer association with the OECD.
The growing food security and poverty challenges that we face deserve our special attention. Experience has shown that only through sharing best practices and lessons learned can we develop more targeted policies and coordinate our efforts at promoting agricultural development through innovation, said Angel Gurría, OECD Secretary-General.
Innovation is a central element of China’s reform agenda. Chinese innovations have benefited the world throughout history. Today, with the right policy mix, China could continue to inspire new scientific and technological advances, helping to revitalize the global economy.