Today’s Economic Outlook points to a global economy that is losing steam, with the pace of global expansion easing from 3.7% this year to 3.5% in both 2019 and 2020. And one major reason for this is a breakdown in co-operation.
The Fiscal Network is an inspiring example of horizontal collaboration between the Centre for Tax Policy and Administration (CTP), the Economics Department (ECO), the Public Governance Directorate (GOV) and the Centre for Entrepreneurship, SMEs, Regions and Cities (CFE) – as well as their respective committees (CFA, EPC, PGC and RDPC).
The rising tide of protectionist measures, which we are witnessing, is harmful and costly. Recent OECD data has estimated that each dollar of new tariffs costs global households 40 cents, while each dollar of tariff reduction adds 90 cents to global household incomes.
Inequalities of income, wealth and opportunity continue to divide our societies and fuel political uncertainty and turbulence. In the OECD, the income gap between the top and the bottom deciles is now almost 10 times, up from 7 times in the 1980s. We have to reverse these trends with growth that is more inclusive, which empowers people and places that have been left behind.
2018 IMF and World Bank Annual Meetings - Written Statement to the IMFC
Since becoming a Key Partner in 2007, the OECD-Indonesia relationship has continued to strengthen. Co-operation has deepened considerably in tax policy and compliance, green growth, SME policies, employment and social protection, international trade and investment, and regulatory reform.
L’OCDE est ravie d’accueillir, pour la deuxième année consécutive, la Conférence de Paris et d’approfondir notre dialogue avec le Forum économique international des Amériques.
It is my pleasure to reflect with you on what has happened over the past decade, take stock of what lessons can be drawn from the crisis and how we are tackling the challenges. When I was appointed Secretary-General of the OECD in the summer of 2006, it was a pleasant time to be an economist.
It is a pleasure to be at the ESSEC Grand Ecole and address the brilliant young minds who will become the business leaders of tomorrow. We live in a world that is in constant evolution and facing new challenges, which is why this class on “Understanding and Changing the world” is of utmost importance. This is what we try to do at the OECD every day. I very much hope our perspective can inspire you.
I am delighted to be here at the Technology Agency of the Czech Republic. I would like to thank Mr. Pavel Komárek, Deputy Chairman of the Technology Agency for the invitation.