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“Governments need to take quick and decisive action to avoid the financial crisis becoming a fully-blown social crisis with scarring effects on vulnerable workers and low income households,” OECD Secretary-General Angel Gurría told G8 Labour and Employment Ministers in Rome today.
OECD Secretary-General Angel Gurría welcomed an announcement by Monaco that it is prepared to enter into agreements for the exchange of information in all tax matters in accordance with international standards developed by the OECD and recognised by the United Nations.
There is wide economic disparity between regions within OECD countries, with some leading national economies and others falling behind. As governments work to grow their economies, they should examine the role that boosting all regions can play in this effort.
As the economic crisis deepens, the public sector is stepping in to restore confidence and stimulate the economy. To be successful, this effort needs to include policy makers at all levels of government, as well as stakeholders in the private sector, civil society and academia.
China should speed up investment in rural services and infrastructure and create jobs in non-agricultural sectors for returning migrants, according to a new OECD report. This will help offset the fast-rising impact of the economic slowdown on the rural economy.
The OECD welcomed an announcement by Macao, China that it intends to implement the OECD standards on transparency and exchange of information for tax purposes.
The theme for the 2009 China Development Forum is "China’s Development and Reform in the Global Financial Crisis".
Mr. Gurría presented in Beijing the first OECD Rural Policy Review of China whose topic is how to build a more diversified rural economy; how can China further stimulate economic activity and overall socioeconomic development in rural areas.
Mr. Gurría presented in Beijing the 2008 OECD Investment Policy Review of China which assesses recent developments in the Chinese investment environment and focuses on the government’s efforts to encourage responsible business conduct in China, as well as by Chinese enterprises operating abroad.
In his speech delivered at the China Development Forum, Mr. Gurría described the OECD strategic response to the crisis. Stronger means making our economies more resilient and able to deliver durable benefits in terms of material well-being. Cleaner is not only in the sense of environmentally sustainable, but also addressing the “darker” side of globalisation, issues like money laundering, corruption and tax evasion that impede us from