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The OECD Secretary-General, Angel Gurría, explained that innovation will be one of the keys to accelerating recovery and putting firms and countries back on a path to sustainable, smarter and greener growth.
Japan is one of the countries hardest-hit by the crisis. We now see signs of a recovery in Japan, thanks to large-scale fiscal stimulus and accommodative measures by the Bank of Japan. But the great challenge today is to move from a policy-based recovery to self-sustained growth.
A year ahead of Korea chairing the next G20 Summit, Mr. Gurría described in Seoul the “cocktail” of strategy, policies and framework conditions that will enable economies to harness new sources of economic growth, prevent environmental degradation and enhance the quality of life.
Singapore has today signed a protocol with France that brings the two countries’ to bilateral tax treaty into line with the OECD standard on transparency and exchange of information for tax purposes.
In the coming years, the world economy will need a much more solid connection between public policy and the citizen for which policy is made. The spinal cord of that connection can be summed up in one question: What kind of world economy do we want to create?
After two years of bad news and trillions of dollars of losses, the global economy is now stabilising. The challenge is to move from a policy-based recovery to self-sustained growth. How can cities, the main economic engines of this world, contribute to build stronger, cleaner and fairer economies?
Since the last OECD environmental performance review of Ireland in 2000, environmental policies have been improved, environmental institutions strengthened, and significant investments made in environmentally-related infrastructure. However, important challenges remain, such as strengthening efforts to mitigate greenhouse gas emissions and ensuring a better financial viability of water use, warned the OECD Secretary-General.
Speaking at the Institute of International and European Affairs, Mr. Gurría emphasized the OECD’s continued support of the G20, outlining our work on trade and investment, unemployment, and climate change in the wake of the financial crisis.
NEPAD-OECD Ministerial Meeting & Expert Roundtable, 11-12 November 2009, Johannesburg, South Africa. Mobilising Financial Resources - Boosting Energy Investment & Carbon Finance in Africa.
Following the severe contraction of the Irish economy, Gurría indicated that stabilising the financial system, tackling unemployment, and raising competitiveness will be the main economic challenges for Ireland.