We therefore need a “copernician” change in our approach to the growth – inequality nexus: let’s not think growth first, and inequality thereafter but let’s consider both of them, together, in their circularity. In other words, let’s think “Inclusive Growth”, right from the start, and let’s make it another touchstone of our efforts and complement the Pittsburgh tryptic of strong, sustainable and balanced growth!
Going for Growth is the OECD’s flagship report on structural policies. The purpose of Going for Growth is to help governments setting a reform agenda to improve citizens’ well-being. It has been instrumental in helping G20 countries to develop growth strategies to raise their combined gross domestic product (GDP) by 2% over baseline projections by 2018 – as agreed by G20 Leaders in Brisbane last year.
Belgium is one of the few euro area countries where GDP has already surpassed pre-crisis levels. Also, general well-being is above the average of OECD countries. When looking at the various dimensions of well-being – economic, social or environmental – Belgium has a strong performance in almost all of them. Remarkably, despite the crisis, income inequality has remained relatively low compared to other OECD countries.
Climate policy and competitiveness issues have created a new need for international co-ordination, beyond the scope of our current frameworks. There is no need to trade economic growth for environmental stringency. Environmentally stringent policies are an incentive for greater efficiencies which leading edge companies can easily achieve.
It was with immense sadness that I learned of the tragic execution of Kenji at the hands of the terrorists from Islamic State. We strongly condemn this terrible and odious act, as well as other killings carried out by ISIS.
Estonia was among the countries hardest hit by the crisis, but it is bouncing back strongly. Nonetheless, Estonia is still a ‘catch-up country’, with some distance to travel before it closes the income gap with top-performing OECD countries.
Angel Gurría has presented President Santos with our report “Colombia: Policy Priorities for Inclusive Development”. This report supplements the Economic Survey of Colombia released on 19 January, reflecting the close co-operation between the OECD and the Colombian Government in designing the National Development Plan 2014-2018, which seeks to bring about a Colombia where there is peace, greater equity and better education.
Angel Gurria ha entregado al Presidente Santos el documento “Colombia: Prioridades Políticas para un Desarrollo Incluyente”. Este trabajo complementa el informe económico sobre Colombia presentado el pasado 19 de enero, reflejando la estrecha colaboración entre la OCDE y el Gobierno Colombiano en el diseño del Plan Nacional de Desarrollo 2014-2018, el cual busca una Colombia en paz, con mayor equidad y mejor educación.
The World Economic Forum’s Global Challenge Partnership is a new and important weapon in the international anti-corruption arsenal. The OECD has also made tackling corruption a priority.
Africa has made significant progress in recent years but important challenges to African development remain that we can break down into three linked areas. Let’s call them the “three i’s”: interconnectedness, investment, and inclusiveness.