Macro-level changes can have substantial effects on the distribution of resources at the household level. While it is possible to speculate about which groups are likely to be hardest-hit, detailed distributional studies are still largely backward-looking.
Greater integration into the world economy and important policy reforms have resulted in Brazil, China, India and South Africa becoming major actors in the globalisation process, with impressive results in terms of economic growth, social development and poverty reduction. But the benefits of stronger growth have not always been shared equally and income inequality has remained at very high levels.
William White, Chair, OECD Economic and Development Review Committee on tackling imbalances and avoiding another crisis.
The deep scars of the crisis can be relieved through appropriate policy action, particularly in competition, jobs, taxes and financial services. This would bolster long-term growth too.
Well-timed and targeted innovation boosts productivity, increases economic growth and helps solve societal problems. But how can governments encourage more people to innovate more of the time? And how can government itself be more innovative?
The OECD Innovation Strategy provides a set of principles for fostering innovation in people (workers and consumers), in firms and in government. It takes an in-depth look at the scope of innovation and how it is changing, as well as where and how it is occurring. The result is the formulation of far-reaching policies for innovation using recent research and data.
For more information about the OECD Innovation Strategy, see www.oecd.org/innovation/strategy.
"a thoughtful new report on how governments can do better at spurring and measuring innovation." -The Economist
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Special Chapter from Economic Outlook 87, May 2010
The OECD Factbook is the best-selling, innovative title from the OECD. It provides a global overview of today’s major economic, social and environmental indicators, presenting them clearly and concisely, and in a range of user-friendly formats.
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This note is taken from Chapter 3 of Economic Policy Reforms: Going for Growth 2010.