U.S and the OECD: Looking back at the past 50 years and thinking ahead to the next 50.
(...) We’re here to discuss the importance of the OECD, and particularly its importance to the United States but also to the evolving role of the transatlantic relationship, and also to talk about the broader role that the OECD is playing in the changing global environment in which we are all living today. To underscore the U.S. commitment to the OECD, next week, Secretary of State Clinton will chair the OECD Ministerial Meeting on
On this 50th anniversary, let us reaffirm our shared commitment to “better policies for better lives” as we usher in a new era of cooperation not only across the Atlantic, but among our partners throughout the world.
Speaking at the annual meeting of the American Society of International Law, Angel Gurría underlined that the OECD has 50 years of experience in turning dissonance into harmony by setting out international rules. He added that through multilateral cooperation we can overcome our differences and tune our economies to create shared development and human progress.
For the last 50 years, the OECD has been instrumental in developing policies, international rules and best practices to address global challenges. Now, as the world emerges from the grip of a major financial and economic crisis, the OECD is more committed than ever to helping governments build a more reliable global governance architecture.
As fundamental technological and demographic challenges re-shape our economies, the quality of teaching, which is the biggest in-school influence on student learning, is the yardstick for long-term growth, said OECD Secretary-General.
In his presentation of the PISA results, A. Gurría underlined that education is the single most critical investment to raise the long-run growth potential of countries
Supported by substantial stimulus measures, the US economy has started to grow again after the economic crisis but Mr. Gurría argued that efficient spending would be key to strenghten public finances. In this respect, the recent health-care reform, which includes measures to reduce the growth in health-care spending, is an important landmark, Mr. Gurría stated.
Adrian Blundell-Wignall talks about the impact of US proposals for banking reform and how they can help avoid a new financial crisis.
U.S. President Barack Obama’s plan to separate core commercial banking from some higher-risk activities in financial conglomerates and to place a moratorium on further consolidation could help to avoid a new financial crisis by resolving some major risks inherent to the current financial system.