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Governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses.
Consumer prices in the OECD area rose by 3.2% in the year to August 2011, compared with 3.1% in the year to July.
Investments in well-designed, multi-purpose local education facilities serve as a visible commitment to the community and a cost-effective way to revitalise local economies.
"200 million people are out of work worldwide, close to the peak recorded at the depth of the Great Recession" warn OECD and ILO at the G20 Labour and Employment Ministers meet in Paris.
Development aid has increased from USD 37 billion in 1960 to 128 billion last year. However, poor co-ordination and unpredictable aid waste funds that should be eradicating poverty in the world’s poorest countries.
Government support to agriculture in OECD countries fell to 18% of total farm receipts in 2010, a record low linked to high commodity prices, but has been rising in large emerging economies, according to a new OECD report.
The quality of patent filings has fallen dramatically over the past two decades. The rush to protect even minor improvements is overburdening patent offices and reduces the potential for breakthrough inventions, according to the Science, Technology and Industry Scoreboard 2011.
People with university degrees have suffered far fewer job losses during the global economic crisis than those who left school without qualifications, according to the latest edition of the OECD’s annual Education at a Glance.
The OECD area unemployment rate was steady at 8.2% in July 2011, unchanged for the fifth consecutive month.
Composite leading indicators (CLIs) for July 2011, designed to anticipate turning points in economic activity relative to trend, continue to point to a slowdown in economic activity in most OECD countries and major non-member economies. The CLI for the OECD area fell 0.5 point in July; the fourth consecutive monthly decline.