Portugal’s pension system needs to prepare for rapid population ageing

This article is brought to you in association with OECD. Portugal needs to reform its pensions system to address the challenges of a fast-shrinking workforce and high levels of old-age inequality, according to a new OECD report. The OECD Reviews of Pension Systems: Portugal says the country’s rapidly ageing population, a result of low fertility and […]

OECD survey reveals many people unhappy with public services and benefits

This article is brought to you in association with OECD. Many people in OECD countries believe public services and social benefits are inadequate and hard to reach. More than half say they do not receive their fair share of benefits given the taxes they pay, and two-thirds believe others get more than they deserve. Nearly three […]

Trade in fake goods is now 3.3% of world trade and rising

          This article is brought to you in association with OECD. Trade in counterfeit and pirated goods has risen steadily in the last few years – even as overall trade volumes stagnated – and now stands at 3.3% of global trade, according to a new report by the OECD and the EU’s Intellectual […]

Argentina’s agro-food sector is growing remarkably, but agriculture policies are not keeping pace

This article is brought to you in association with OECD. The Argentinian agro-food sector has grown remarkably over the past thirty years, driven by innovation, an abundance of young, well-educated farmers and strong international prices. While Argentina’s use of export taxes has raised much-needed revenue for the federal government, the policy has reduced gross farm revenues […]

Turkey’s foreign bribery enforcement framework needs to be urgently strengthened and corporate liability legislation reformed

This article is brought to you in association with OECD. In view of Turkey’s continued failure to implement key aspects of the OECD Anti-Bribery Convention and to enforce its foreign bribery laws, the Working Group on Bribery will send a high-level mission to Ankara in 2020, unless Turkey takes concrete action by October 2019. This decision […]

OECD will follow Canadian proceedings addressing allegations of political interference in foreign bribery prosecution

This article is brought to you in association with OECD. The OECD Working Group on Bribery is concerned by recent allegations of interference in the prosecution of SNC-Lavalin that are subject to proceedings in the House of Commons Standing Committee on Justice and Human Rights. The Canadian engineering and construction group is the subject of an […]

Italy should boost investment in training for the future of work

This article is brought to you in association with OECD. The government, business and workers in Italy will need to invest substantially more in training to prepare for the future world of work, according to a new OECD report. Adult Learning in Italy: what role for training funds? says that the skills needed by workers for […]

Progress on gender equality is too slow, says OECD on International Women’s Day

This article is brought to you in association with OECD. Governments around the world are paying more attention to gender equality but progress is too slow and uneven, and much remains to be done to increase women’s rights, opportunities and participation in public life and senior jobs, according to the OECD.   Despite gender equality reforms […]

OECD sees global growth slowing, as Europe weakens and risks persist

The global economy is slowing and major risks persist, with growth weakening much more than expected in Europe, according to the OECD’s latest Interim Economic Outlook.‌ Economic prospects are now weaker in nearly all G20 countries than previously anticipated. Vulnerabilities stemming from China and the weakening European economy, combined with a slowdown in trade and […]

Seize the opportunities of digital technology to improve well-being but also address the risks

This article is brought to you in association with OECD. Digital technology can improve our lives but it also poses a major risk of widening social inequality and blocking opportunities for people without the skills to navigate the online world safely, according to a new OECD report. A mix of technical, emotional and social skills is […]

Seize the opportunities of digital technology to improve well-being but also address the risks

Digital technology can improve our lives but it also poses a major risk of widening social inequality and blocking opportunities for people without the skills to navigate the online world safely, according to a new OECD report. A mix of technical, emotional and social skills is a pre-condition for people to combine their digital and […]

Risks rising in corporate debt market

This article is brought to you in association with OECD. Global outstanding debt in the form of corporate bonds issued by non-financial companies has hit record levels, reaching almost USD 13 trillion at the end of 2018. This is double the amount outstanding in real terms before the 2008 financial crisis, according to a new OECD […]

Portugal can use its economic recovery to build up resilience

This article is brought to you in association with OECD. Portugal’s economic recovery is now well established, with GDP back to pre-crisis levels, a substantially lower unemployment rate and renewed investment and domestic consumption now joining a robust export sector to drive the economy. Efforts should now focus on reducing vulnerabilities to build resilience to future […]

Turkey needs to step up investment in renewables to curb emissions

This article is brought to you in association with OECD. Turkey will see its greenhouse gas emissions continue their steady rise of recent years without concrete actions to improve energy efficiency and increase the use of renewable energy sources, according to a new OECD report. The OECD’s third Environmental Performance Review of Turkey notes that the […]

Boosting adult learning essential to help people adapt to future of work

This article is brought to you in association with OECD. Many OECD countries need to urgently scale-up and upgrade their adult learning systems to help people adapt to the future world of work, according to a new OECD report. Getting Skills Right: Future-Ready Adult Learning Systems says that new technologies, globalisation and population ageing are changing […]

Further reforms will move Slovakia toward a more innovative and inclusive society

This article is brought to you in association with OECD. The Slovak economy is experiencing a robust, broad-based expansion that is boosting living standards and promoting convergence with higher-income countries. Policies should now aim to sustain this expansion, prepare people for the future of work and ensure that the benefits of strong growth are shared amongst […]

International community makes important progress on the tax challenges of digitalisation

This article is brought to you in association with OECD. The international community has made important progress toward addressing the tax challenges arising from digitalisation of the economy and has agreed to continue working multilaterally towards achievement of a new consensus-based long-term solution in 2020, the OECD announced today. Countries and jurisdictions participating in the OECD/G20 […]

Australia needs to intensify efforts to meet its 2030 emissions goal

This article is brought to you in association with OECD. Australia has made some progress replacing coal with natural gas and renewables in electricity generation yet remains one of the most carbon-intensive OECD countries and one of the few where greenhouse gas emissions (excluding land use change and forestry) have risen in the past decade. The […]

Further reforms will promote a stronger and more inclusive Hungarian economy

  This article is brought to you in association with OECD.   The Hungarian economy is in the midst of a strong recovery, driven by high levels of employment that are boosting wages, consumer confidence and domestic demand. Policy should aim to prolong the economic expansion, ensure that growth is greener and that the benefits are […]

Korea should adapt its migration programmes to ensure continued success in the face of expected challenges

This article is brought to you in association with OECD. Korea should adjust the categories and rules of its different labour migration programmes to better match labour migration to short-term and structural labour needs, according to a new OECD report. Recruiting Immigrant Workers: Korea says that the country’s labour force is struggling to replace retiring workers […]

Impact Investment needs global standards and better measurement

This article is brought to you in association with OECD. Social impact investment, which aims to improve well-being as well as earn a financial return, could be more effective if it were more clearly defined internationally with more measurable outcomes, according to a new OECD report. Social Impact Investment: The Impact Imperative for Sustainable Development calls […]

Corporate tax remains a key revenue source, despite falling rates worldwide

This article is brought to you in association with OECD. Taxes paid by companies remain a key source of government revenues, especially in developing countries, despite the worldwide trend of falling corporate tax rates over the past two decades, according to a new report from the OECD. A new OECD report and database, Corporate Tax Statistics, […]

International co-operation vital to improve integration of refugees

This article is brought to you in association with OECD. Countries should increase their co-operation and information sharing to enable them to deal more effectively and quickly with inflows of humanitarian migrants, according to a new OECD report. Ready to Help? Improving Resilience of Integration Systems for Refugees and other Vulnerable Migrants finds that the increase in […]

Chile ups foreign bribery enforcement but flawed case resolutions are insufficient to ensure transparency and accountability

This article is brought to you in association with OECD. Chile has stepped up its fight against foreign bribery in recent years but could do more to increase enforcement and compliance with the OECD Convention, according to a new report by the OECD Working Group on Bribery. The Working Group has just completed its Phase 4 evaluation […]

Korea must enhance detection and reinforce sanctions to boost foreign bribery enforcement

This article is brought to you in association with OECD. Korea must step up enforcement of its foreign bribery laws and strengthen the capacities of law enforcement agencies to proactively detect and investigate the offence, according to a new report by the OECD Working Group on Bribery. Enforcement of foreign bribery has weakened since 2011 and […]

Japan should reform retirement policies to meet challenge of ageing workforce

This article is brought to you in association with OECD. Japan must improve job quality and further reform the mandatory retirement age to address upfront the challenges of its rapidly ageing and shrinking labour force, according to a new OECD report. Working Better with Age: Japan highlights that Japan has the highest old-age dependency ratio of all […]

More refugees being helped by family, work and study permits, finds OECD and UNHCR study

This article is brought to you in association with OECD. Data released today shows that OECD countries have admitted more people from major refugee source countries on non-humanitarian permits than through resettlement schemes in the last eight years. A study by the OECD and UNHCR, the UN Refugee Agency, titled “Safe Pathways for Refugees” shows that […]

Immigrant integration policies have improved but challenges remain

This article is brought to you in association with OECD. Many countries have made important improvements in integrating immigrants and their children into the labour market and day-to-day life of their country. However, many challenges remain and much of the potential that migrants bring with them remains unused, hampering both economic growth and social inclusion, according […]

Improvements to pension systems have made them better placed to deliver pensions

This article is brought to you in association with OECD. Improvements in the design of pension systems over the last decade in OECD countries have made them more financially sustainable and governments should now focus on ensuring they provide people with an adequate retirement income, according to a new OECD report. The OECD Pensions Outlook 2018 […]

EU Emissions Trading System does not hurt firms’ profitability

This article is brought to you in association with OECD. Emissions curbs set by the European Union’s Emissions Trading System, Europe’s main tool for reducing carbon emissions, have not hurt revenue, profits or employment at firms subject to the cap-and-trade programme over 2005-2014, according to a new OECD report. The Joint Impact of the EU ETS […]

Tax revenues continue increasing as the tax mix shifts further towards corporate and consumption taxes

This article is brought to you in association with OECD. Tax revenues in advanced economies have continued to increase, with taxes on companies and personal consumption representing an increasing share of total tax revenues, according to new OECD research. The 2018 edition of the OECD’s annual Revenue Statistics publication shows that the OECD average tax-to-GDP ratio […]

Changing world of work needs new jobs strategy

This article is brought to you in association with OECD. Governments need to do more to help workers and firms adapt to the fast-changing world of work and drive inclusive growth, according to the new OECD Jobs Strategy. New evidence in the report reveals that countries that promote job quantity, quality and inclusiveness – such as […]

At G20 Summit OECD’s Gurría says collective action vital to tackle global challenges

This article is brought to you in association with OECD. International cooperation and collective action are critical to tackling the world’s major challenges, OECD Secretary-General Angel Gurría said following the G20 Leaders’ Summit held in Buenos Aires amid heightened trade tensions but at which important advances were made on a number of priorities of Argentina’s presidency. […]