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With the right policies, narrower socio-economic divides and higher levels of well-being are well within Israel’s reach. Raising educational standards and encouraging employment, maintaining sound monetary policy and a responsible fiscal trajectory, pressing on with structural reforms that encourage innovation, competition and creativity – these are all central to achieving sustained, inclusive growth.
Mr Gurría said the trade facilitation agreement at the core of the new package would cut red tape and speed border crossings worldwide, offering an important boost to world trade and the global economy. "As OECD work has highlighted, the benefits of lowering costs for traders are significant, and are particularly welcome today, given the slow growth seen in so many countries," Mr Gurría said.
Advancing green growth is one of the most urgent challenges of our time. We need to use all of our knowledge to bring the private sector on board. If we fail to do this, we will fail to provide our citizens with adequate water, transport and energy infrastructure, and cause disastrous harm to our environment, said OECD Secretary-General
OECD Secretary-General, Angel Gurría, said that it was with a heavy heart and a debt of gratitude that the world was bidding farewell to Nelson Mandela.
If governments at all levels work together to unleash the potential of cities and regions as engines of economic dynamism, they will greatly benefit national recovery and will create conditions for a better life, said OECD Secretary-General.
National policies can frame the context for recovery, but it is in the regions and cities where policies meet people, or as the saying goes, where the rubber meets the road, said OECD Secretary-General.
The facts are simple: the bulk of people live in cities and an overwhelming percentage of economic activity originates in cities. So we must find ways to empower cities to set positive trends and lead the way toward stronger, more resilient and inclusive growth.
PISA provides the most comprehensive international comparison of the skills and knowledge of 15-year-olds around the world in mathematics, science and reading. We take stock in three year periods and run the numbers and publish them a year later. Thus, these results correspond to the 2010-2012 period and they are the 5th set we prepare and publish since 2000.
The OECD was born transatlantic since its very origins as the Organisation for European Economic Cooperation in 1948, established in the immediate post-war period to manage and distribute Marshall Plan aid to reconstruct Europe. The centre of gravity of the world economy is now shifting and will continue to do so but this does not mean that the Transatlantic Partnership has a lesser role to play on the global stage, said Angel Gurría.
As the OECD's latest global economic forecast has confirmed, world trade is now growing at an extremely low rate. This brings into stark focus the need for trade negotiators at the WTO to cut a deal to bring a much-needed boost to world trade and the global economy.