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. […]

Sustainable development demands a broader vision, says new OECD Development Centre report

This article is brought to you in association with OECD. Economic growth does not necessarily go coupled with well-being. The first industrialised countries increased their populations’ well-being with rates of economic growth lower than those experienced by emerging economies: many of the latter are struggling to convert faster Gross Domestic Product (GDP) growth into substantive and […]

Public climate finance to developing countries is rising

This article is brought to you in association with OECD. Public climate finance from developed to developing countries totalled USD 56.7 billion in 2017, up 17% from USD 48.5 billion in 2016, according to new data compiled by the OECD. A new data series for 2013-2017 shows that public climate finance has risen by 44% from […]

Asian and Pacific economies: decreases in tax revenue highlight need to broaden tax bases

This article is brought to you in association with OECD. The fifth edition of Revenue Statistics in Asian and Pacific Economies  – released today – shows that tax-to-GDP ratios fell in most of the 16 Asian and Pacific economies covered by the report between 2015 and 2016 due to a combination of policy reforms and decreasing […]

OECD, UN Environment and World Bank call for a radical shift in financing for a low-carbon, climate-resilient future

This article is brought to you in association with OECD. The OECD, UN Environment and World Bank Group today called on leaders of G20 countries to do more to enable a radical shift of investment into low-carbon, climate-resilient infrastructure as a way to limit the impact of climate change. Delivering a new report, Financing Climate Futures: […]

Sustainable development demands a broader vision, says new OECD Development Centre report

This article is brought to you in association with OECD. Economic growth does not necessarily go coupled with well-being. The first industrialised countries increased their populations’ well-being with rates of economic growth lower than those experienced by emerging economies: many of the latter are struggling to convert faster Gross Domestic Product (GDP) growth into substantive and […]

Weak growth of G20 international merchandise trade in third quarter of 2018

This article is brought to you in association with OECD. G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, grew marginally in the third quarter of 2018, on the back of rising oil prices, with G20 exports rising by 0.3% and imports by 0.7%, following the minor contractions in the second quarter of […]

New report says better metrics could have prompted stronger response to the crisis

This article is brought to you in association with OECD. Better measurement of the economy and of people’s well-being could have led governments to respond more strongly to mitigate the damage caused by the 2008 financial crisis and reduce people’s continuing loss of trust in public institutions, according to a new report. Beyond GDP: Measuring What […]

Continue reforms to make growth work for all in Spain

This article is brought to you in association with OECD. Spain has made a successful economic recovery, underpinned by strong employment growth, gains in competitiveness and favourable external and financial conditions. The current economic expansion offers an opportunity to speed up efforts to increase the resilience of public finances, enhance job creation and ensure a more […]

Mental health problems costing Europe heavily

This article is brought to you in association with OECD. Greater efforts to promote mental health and improve early diagnosis and treatment of those with mental illness would improve the lives of millions of Europeans and contribute to stronger economic and employment conditions, according to a new joint OECD/European Commission report. Health at a Glance: Europe […]

Global growth is slowing amid rising trade and financial risks

This article is brought to you in association with OECD. Global economic growth remains strong but has passed its recent peak and faces escalating risks including rising trade tensions and tightening financial conditions, according to the OECD’s latest Economic Outlook. Growth forecasts for next year have been revised down for most of the world’s major economies. […]

OECD Donor countries need to reform development finance to meet 2030 pledge

This article is brought to you in association with OECD. External finance to poor countries is declining, despite a promise by the international community three years ago to increase development finance flows, in particular through private investment, according to a new OECD report. The Global Outlook on Financing for Sustainable Development 2019 shows there was a […]

OECD, BSR and Danone launch 3-year initiative to strengthen inclusive growth through public-private collaboration

This article is brought to you in association with OECD. Business and government should work more closely together to reduce inequality and foster inclusive growth. To help achieve this, at the Paris Peace Forum, Gabriela Ramos, OECD Chief of Staff, G7/G20 Sherpa and leader of the OECD’s Inclusive Growth Initiative, and Emmanuel Faber, Chairman & CEO […]

Donor countries need to reform development finance to meet 2030 pledge

This article is brought to you in association with OECD. External finance to poor countries is declining, despite a promise by the international community three years ago to increase development finance flows, in particular through private investment, according to a new OECD report. The Global Outlook on Financing for Sustainable Development 2019 shows there was a […]

More needs to be done to bridge the digital gender divide

This article is brought to you in association with OECD. Barriers to access, education and skills, as well as ingrained socio-cultural biases, are driving a digital gender divide that is holding back women’s participation in the digital economy, according to a new OECD report. Bridging the Digital Gender Divide: Include, Upskill, Innovate says women are not […]

African economies sustain progress in domestic resource mobilisation

This article is brought to you in association with OECD. Africa has sustained gains in domestic resource mobilisation made since 2000, as tax revenues remained stable in 2016, according to Revenue Statistics in Africa 2018. Providing internationally comparable data for 21 participating countries, the report finds that the average tax-to-GDP ratio was 18.2% in 2016, the […]

Korea should improve the quality of employment for older workers

This article is brought to you in association with OECD. Korea should reform its employment regulations and improve social protection in order to make work more rewarding for older workers and tackle old-age poverty, according to a new OECD report. Working Better with Age: Korea says that workers aged 50-75 years are more likely to work […]

Educational disadvantage starts from age 10

This article is brought to you in association with OECD. The academic performance gap between advantaged and disadvantaged children develops from as early as 10 years old and widens throughout students’ lives, according to a new OECD report. Equity in Education: Breaking down barriers to social mobility finds that, on average across OECD countries with comparable […]

Mexico must increase foreign bribery enforcement: full implementation of anti-corruption reforms could help

This article is brought to you in association with OECD. Mexico needs to give more priority to foreign bribery enforcement, having yet to prosecute a case involving the bribery of foreign public officials 19 years after ratifying the OECD Anti-Bribery Convention. This is a cause for significant concern, especially given the export driven nature of the […]

Raw materials use to double by 2060 with severe environmental consequences

This article is brought to you in association with OECD. The world’s consumption of raw materials is set to nearly double by 2060 as the global economy expands and living standards rise, placing twice the pressure on the environment that we are seeing today, according to a new OECD report. A preview of The Global Material […]

Further reforms will promote a more inclusive and resilient Indonesian economy

This article is brought to you in association with OECD. A steady economic expansion in Indonesia is boosting living standards, curbing poverty and offering millions of people greater access to public services. Reforms that boost growth, improve the business environment for small and medium-sized enterprises and increase government revenues will allow investment in infrastructure and increased […]