A good produced in the European Union and exported to the United States may include raw materials from China, Australia, and Malaysia, and it may use services from Japan, Canada, and India. Goods and services are no longer produced in one country and sold to consumers in a second country; production is fragmented around the world and components are traded across borders multiple times.
It is a great pleasure to welcome you to the OECD, and to be here with you to discuss the challenge of financing infrastructure in Africa.
This year’s Outlook offers good news. It confirms that globally, production of most agricultural commodities increased in 2013 following the effects of adverse weather conditions a year earlier. But more importantly, it suggests that production will continue to grow to meet the demands of rising populations and higher incomes.
The results of this first-ever assessment are a true call for action. We need to step up our global and common efforts to better identify the financial literacy needs of 15-year-olds and explore ways to improve this essential life skill, warned OECD Secretary-General.
Portugal’s economy appears to be turning the corner. We expect growth of 1.1% this year and 1.4% in 2015, broadly in line with government projections. Unemployment is starting to decline, exports are booming and the public debt is being gradually brought under control. To cement this improving scenario, it is important to maintain the reform agenda, and to continue to address the high levels of corporate debt and public debt.
Based on recent trends, many middle-income countries are not growing fast enough to reach average income levels in the OECD countries by 2050. This includes several lower middle-income countries – such as India, Indonesia and Viet Nam – but also countries in the upper middle-income bracket, such as Brazil, Colombia, Mexico, and South Africa, said OECD Secretary-General.
Angus Maddison was a “chiffrephile”, whose work enabled us to understand the world we live in through economic history. He believed that numbers sharpened debate. Quantification, he wrote, “is more readily contestable and likely to be contested.”, underlined OECD Secretary-General.
Europe and Latin America have a rich and vibrant history of partnership and collaboration, and as the global economic landscape shifts, there is a great opportunity to deepen the scope of their work, said OECD Secretary-General.
La relación de la OCDE con América Latina sigue creciendo, junto con la importancia de la región en la economía internacional. La participación de los países latinoamericanos en nuestros comités, working groups e iniciativas es más fuerte que nunca.
This Global Forum plays an important role as the tool for on-going dialogue on responsible business conduct. I am pleased to announce that today, Ministers from over 20 countries are coming together to discuss how to integrate responsibility considerations throughout government policies. Their work will contribute to protect internationally recognised fundamental rights and to ensure good governance, fair regulations, and transparency.