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  • 11-April-2016

    English

    Japan: Boosting Growth and Well-being in an Ageing Society

    With 25 years of sluggish economic growth, Japan’s per capita income has fallen from a level matching the average of the top half of OECD countries in the early 1990s to 14% below that today. Weak growth, together with rapid population ageing, has driven public debt into uncharted territory. Revitalising growth is thus the top priority for the Japanese government. With the labour force shrinking more rapidly than the population, per capita output can only grow through improvements in labour productivity and labour force participation. Japan’s highly-skilled labour force and its technological leadership can help close the gap with leading OECD countries in per capita income. But broad-based structural reforms, as envisaged in the third arrow of Abenomics, are needed to allow these strengths to fully achieve their potential. The initial impact of Abenomics in 2013 was impressive, and the reform process needs to continue.

  • 11-April-2016

    English

    OECD Territorial Reviews: Japan 2016

    Japan is embarked on a demographic transition without precedent in human history: the population is both declining and ageing rapidly. This raises important questions about the country's future economic geography, as public policies will need both to respond to these shifts and also to shape them. Demographic change will have particularly important implications for the settlement pattern of the country, and this, in turn, will affect Japan's ability to sustain economic growth and the well-being of its citizens. This Review therefore focuses on the spatial implications of demographic change and the response of spatial policies to it, particularly as these interact with other policies aimed at sustaining the productivity growth that a "super-ageing" Japan will need in order to maintain its future prosperity. The Japanese authorities have recently put in place a complex package of long-term spatial and structural policies aimed at meeting this challenge. Their experience should be of first-order interest to other OECD countries, as most face the prospect of rapid population ageing and many are also projected to experience significant population decline over the coming decades.

  • 11-April-2016

    English

    Japan will need reforms to ease economic blow of a shrinking workforce

    Japan must make revitalising growth its number one priority with reforms to boost productivity and encourage more women and older people into jobs to compensate for its rapidly shrinking labour force, according to the OECD.

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  • 6-April-2016

    English

    Food Security and the Sustainable Development Goals - OECD Insights blog

    The new Sustainable Development Goals (SDGs) include a significant number of interconnected objectives related to agriculture and food.

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  • 1-April-2016

    English

    Making the Most of Public Investment in the Eastern Slovak Republic

    The Slovak Republic joined the European Union in 2004, the Schengen area in 2007 and the euro in 2009. These events, coupled with decentralisation reform and the creation of administrative regions, have brought significant change. While overall growth has been impressive compared to OECD countries overall, benefits have not accrued equally across the country. Public investment could potentially improve regional conditions and attract private funding, but governance bottlenecks stand in the way. This case study shows that the main obstacles to effective public investment are linked to high local fragmentation as well as the challenges national and subnational administrations face in designing and implementing investment strategies that correspond to local needs. Drawing on a detailed set of indicators, the study provides recommendations to address these challenges and make the most of public investment in the Slovak Republic.

  • 1-April-2016

    English

    A New Rural Development Paradigm for the 21st Century - A Toolkit for Developing Countries

    Three billion people live in rural areas in developing countries. Conditions for them are worse than for their urban counterparts when measured by almost any development indicator, from extreme poverty, to child mortality and access to electricity and sanitation. And the gulf is widening, contributing to large-scale migration to urban areas. This situation exists despite half a century of rural development theories and approaches, and despite the global momentum built around the Millennium Development Goals between 2000 and 2015. Without greater progress on rural development, it is unlikely that the new Sustainable Development Goals will be met. This book calls for a new paradigm for rural development that is equipped to meet the challenges and harness the opportunities of the 21st century – including climate change, demographic shifts, international competition and fast-moving technological change.

  • 29-March-2016

    English

    Global mayors join forces to address inequalities and foster inclusive growth in cities worldwide

    Mayors from cities across the United States, Asia, Europe, Africa and Latin America gathered in New York to launch a global campaign to address rising inequalities and foster inclusive growth in their cities, in their countries and worldwide.

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  • 29-March-2016

    English

    Adopting a Territorial Approach to Food Security and Nutrition Policy

    Overview of the joint FAO-OECD-UNCDF project "A Territorial Approach to Food Security and Nutrition Policies". The joint initiative aims to assess, scale up, and pilot innovative policy approaches and governance mechanisms to improve food security and nutrition in emerging and developing countries. The Publication will be launched on 29 April 2016 at OECD Headquarters in Paris, France.

  • 21-March-2016

    English

    New Approaches to Economic Challenges in a Century of Cities

    Blog article on the complex and multi-dimensional challenges faced by city policy-makers in addressing urban issues at all levels of government.

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  • 19-March-2016

    English

    Policies for Sound and Effective Investment in China

    Since the start of the economic reform process in the 70s China has been able to generate a large volume of investment, both from domestic and foreign sources. This high volume of investment was instrumental in sustaining strong economic growth and related improvements in living standards. However, this growth model is not longer sustainable. Returns on investment have fallen, excessive capacity is plaguing several sectors and the negative externalities have been very onerous, notably in terms of environmental degradation and rising income inequality. A key objective of the Chinese government is therefore to move the economy towards a more balanced, sustainable and inclusive growth path as envisaged by the 13th Five-Year Plan. In this adjustment process, the country is seeking new approaches for smarter, greener and more productive investment. This will require mutually reinforcing reforms to improve investment planning, rebalance the role of government and market forces, mainstream responsible business conduct and encourage greater private investment, especially in green infrastructure. China’s growing role as an outward investor may act as catalyser for the required reforms at home, as Chinese private and state-owned enterprises have to adopt internationally recognised practices and standards .

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