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The Russian Federation must further modernise its economy to meet long-term development and income inequality challenges, according to the OECD. A combination of sound macroeconomic management, improved business climate, effective social policies and greater energy efficiency is required.
There is nothing inevitable about high and growing inequalities, said Mr Gurría. Our report clearly indicates that upskilling of the workforce is by far the most powerful instrument to counter rising income inequality. The investment in people must begin in early childhood and be followed through into formal education and work, he added.
Evidence on income distribution and poverty in OECD countries since the mid-80s, using data that correct for many of the features that limit cross-country and intertemporal comparisons in this field.
The jobs crisis has three particularly worrying aspects. First, the risk of unemployment becoming entrenched is more and more real in a number of G20 countries. Second, the crisis impacts disproportionately on youth. Finally, growing inequality threatens to affect social cohesion and the living standards of vulnerable families and individuals. To deal with these threats, job creation must be restarted quickly, accompanied by stronger
At this pre-G20 Event 'Growing Economies through Women’s Entrepreneurship', A. Gurría declared that 'Girls and women represent 3.3 billion ways to change this world. This is the lemma from this year’s G20 Girls Summit. It is also a powerful truth. We need to unleash this potential.'
SOCX presents information on trends and composition of social expenditure across the OECD from 1980 to 2009 and estimates for 2010-2013. This version also includes estimates of net total social spending for 2009 for 30 OECD countries.
The recent surge in social movements is a clear call for an economy with a more human face. Reconciling long-term economic growth and people’s well-being can be achieved if structural policies focus on what matters most to people in advanced and less-advanced economies alike, said Angel Gurría.
A new OECD report, How's Life, offers a comprehensive picture of what makes up people’s lives in 40 countries worldwide. This is part of the OECD’s ongoing effort to devise new measures for assessing well-being that go beyond GDP.
Urgent action must be taken by the governments to tackle high unemployment and growing inequality. Good-quality social policies, particularly those addressed to the most vulnerable, should be seen as sound investments to promote economic growth and well-being, according to Angel Gurría.
The purpose of this consultation is to develop a shared understanding of a set of data that countries should monitor in order to inform policies for children’s well-being.