Firstly, and most importantly, this year marks Japan’s golden jubilee: 50 years as a member of the OECD. Japan was our first Asia-Pacific member country, and has paved the way to strengthen the OECD’s ties within the region. This year, for the second time, Japan is chairing our Ministerial Council Meeting – the most important annual decision-making event of the Organization, said Angel Gurría.
This learning experience is an important model for other countries recovering from natural disasters as well. It demonstrates how they can best invest in their most precious resource – their young people!
Fiscal consolidation has made much progress, but government debt in many countries is still too high. Continued consolidation is needed, but without losing sight of the need to support inclusive growth and job creation, said OECD Secretary-General Angel Gurría.
“Pocos países han colocado tan alto en sus prioridades el reforzamiento de las instituciones públicas”, ha afirmado el Secretario General de la OCDE, Ángel Gurría, durante la presentación del informe en Madrid. “La reforma CORA es para España un medio de restaurar la confianza pública en las instituciones y garantizar una salida de la crisis con unas administraciones públicas más eficaces, transparentes y eficientes".
Responsible business conduct is crucial to restoring public trust. In an increasingly complex world, cooperation amongst governments, business and civil society is essential to win back public confidence, said OECD Secretary General.
The region has been one of the most dynamic and fastest-growing areas in the world. GDP is projected to grow by 5.4% per year on average during 2014-18, and significant gains have been made in terms of poverty eradication and human development. But more should be done to ensure sustained growth and continued convergence in living standards towards the mature economies, said OECD Secretary-General.
Going abroad opens new markets for firms, and helps them to become more productive, innovative and ultimately more successful in their business. International investment is also the fuel that helps run the global economy’s engine. But these positive outcomes will only materialise if appropriate framework conditions are in place that allow all companies to compete in a fair and transparent manner, said OECD's Gurría in Beijing.
China is currently strengthening its social safety nets and creating a modern welfare state. A minimum income standard is in place for all residents, and nearly everyone benefits from at least some measure of health insurance. But going forward, further reforms are needed to meet the demands of an increasingly urban population, said OECD Secretary-General in Beijing.
Corruption undermines trust in policy, it erodes the quality of public administration, and it distorts incentives, taking its toll on investment and growth. Corruption also locks in privilege and inequality, and it can be a factor of oppression. In short, we must stop it, said OECD Secretary-General.