Strengthening the balance sheets of banks and households can benefit the economy as a whole. Sharpening innovation policy can contribute to advancing the country’s competitive edge in key sectors. And improving urban and territorial policy can help ensure that Dutch cities maximise their potential in terms of productivity and lifting living standards across the country, said OECD Secretary-General.
The centre of economic gravity is moving from the advanced to the large emerging economies, particularly Brazil, China and India. For many years, OECD countries accounted for around 70% of global GDP. Today, this share has shrunk to around 60% and it is set to fall further.