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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.
Tackling the employment challenge and the rise in inequality, the most urgent issues for policy-makers, could be achieved within the current public budgets by using more in-work benefits, or improving equal access and quality of education and training said Angel Gurría.
Policies that promote job creation, better job opportunities and well-functioning social safety nets are crucial for helping the many who are still struggling to find jobs. These policies are not just spending items in a strained public budget. They are a vital social investment for the future, to help move our economies onto a path of sustainable economic growth and well-being.
The OECD @ 50 strives to improve the prospects of growth and welfare in Member and partner countries, encourages civic participation and equality of opportunities, and seeks to realign the economy with the environment, said Angel Gurría.
Sustaining economic growth is certainly important to promote social cohesion but growth alone cannot solve all problems. Instead, well-targeted social policies are essential to promote social cohesion and reverse the upward trend in income inequality. This is the “go social” challenge facing Korea, said OECD Secretary-General in Seoul.
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This report was prepared to help Korea identify and address main social policy challenges. It suggests specific policy options and a strategy to “go social”, based on the practices and reforms that have worked well in other countries.
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The 2011 Meeting of the OECD Council at Ministerial level is the first milestone in the Gender Initiative, which was launched by the OECD to help governments promote gender equality in Education, Employment and Entrepreneurship (the “three Es”).