A moderate expansion is underway in most major advanced and emerging economies, but growth remains weak in the euro area, which runs the risk of prolonged stagnation if further steps are not taken to boost demand, according to the OECD’s latest Interim Economic Assessment.
Japan has increased its spending on overseas development assistance (ODA) and is showing more global leadership, but needs to pay more attention to where it is spending the money and increase its focus on results and transparency.
Due to serious concerns about the extremely low level of enforcement of Japan’s offence of bribing foreign public officials – just three prosecutions since 1999 – the OECD Working Group on Bribery recommended in December 2013 that Japan establish an Action Plan to organise police and prosecution resources to be able to proactively detect, investigate and prosecute cases of foreign bribery by Japanese companies.
OECD ministers today closed two days of discussions aimed at building resilient economies and inclusive societies. Chaired by Japan, the OECD’s Annual Meeting at Ministerial Level saw the launch or reinforcement of a number of major projects such as the OECD Southeast Asia Programme and the New Approaches to Economic Challenges initiative.
The global economic crisis has had a profound impact on people’s well-being, reaching far beyond the loss of jobs and income, and affecting citizens’ satisfaction with their lives and their trust in governments, according to a new OECD report.
Carbon taxes and emission trading systems are the most cost-effective means of reducing CO2 emissions, and should be at the centre of government efforts to tackle climate change,according to a new OECD study.
A moderate recovery is underway in the major advanced economies, according to the OECD’s latest Interim Economic Assessment. Growth is proceeding at encouraging rates in North America, Japan and the UK. The euro area as a whole is out of recession, although output remains weak in a number of countries.
Cities can generate growth and jobs while becoming greener – this is the message of the OECD’s new Green Growth in Cities report. Drawing on case studies of Paris, Chicago, Kitakyushu and Stockholm, the report identifies green policies that can respond to urban growth priorities and suggests how to implement and finance them.
Japan is poised for an economic expansion, but long-term growth prospects remain contingent on additional efforts to revitalise the economy and reduce unsustainable levels of public debt, according to the OECD’s latest Economic Survey of Japan.
Global economic activity is picking up, but the continuing crisis in the euro area is delaying a meaningful recovery, the OECD said in its latest Interim Economic Assessment.