India: step up reform efforts to increase quality jobs and incomes

This article is brought to you in association with OECD. India is set for a modest recovery after a loss of momentum, as reforms to simplify taxation, lighten business regulations and upgrade infrastructure start to bear fruit. Further reforms to modernise the economy are now needed to drive the creation of high-quality jobs, as well as […]

Tax revenues have reached a plateau

This article is brought to you in association with OECD. Tax revenues in advanced economies reached a plateau during 2018, with almost no change seen since 2017, according to new OECD research. This ends the trend of annual increases in the tax-to-GDP ratio seen since the financial crisis. The 2019 edition of the OECD’s annual Revenue […]

New OECD work to support citizen engagement with governments

This article is brought to you in association with OECD. OECD Observatory of Civic Space will measure access, recommend steps to safeguard public role in policy The OECD unveiled at the Paris Peace Forum today a new Observatory of Civic Space, an initiative to support countries in promoting and protecting an environment that enables citizens and […]

OECD and European Commission join forces to further support structural reforms in European countries

This article is brought to you in association with OECD. The OECD and the European Commission’s Structural Reform Support Service (SRSS) sealed a new agreement today in Paris that will see the OECD provide wide-ranging policy support to advance structural reforms in European countries. OECD Chief of Staff, Gabriela Ramos, and Director General of the SRSS, […]

OECD leading multilateral efforts to address tax challenges from digitalisation of the economy

This article is brought to you in association with OECD. Today the OECD Secretariat published a proposal to advance international negotiations to ensure large and highly profitable Multinational Enterprises, including digital companies, pay tax wherever they have significant consumer-facing activities and generate their profits. The new OECD proposal brings together common elements of three competing proposals from […]

Top global firms commit to tackling inequality by joining Business for Inclusive Growth coalition

This article is brought to you in association with OECD. A group of major international companies has pledged to tackle inequality and promote diversity in their workplaces and supply chains as part of an initiative sponsored by the French Presidency of the G7 and overseen by the OECD. The Business for Inclusive Growth (B4IG) coalition will […]

Sustainable development funding is broken. Here’s how to fix it

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Charlotte Petri Gornitzka, Deputy Executive Director, United Nations Children’s Fund (UNICEF) The 2030 Agenda for Sustainable Development and the Sustainable Development Goals (SDGs) represent an urgent call for action to end poverty and reduce inequality, while protecting our planet, […]

Malaysia has achieved high levels of growth, but must do more to address governance and social challenges

This article is brought to you in association with OECD. Malaysia’s economic performance has been very successful, but public policy can do more to address social and governance challenges while making growth stronger, greener and more inclusive, according to a new report from the OECD. The latest OECD Economic Survey of Malaysia discusses how boosting productivity and implementing […]

Citing public anger and youth activism, OECD Secretary-General urges governments to heed calls for climate action

This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría today said governments must face up to mounting anger, particularly among youth, on climate inaction. In a major speech in Geneva, he named OECD countries leading the way to decarbonise their economies, and listed worrisome developments in other key countries that are slowing down […]

OECD strengthens co-operation with Morocco – Renews Morocco Country Programme Agreement

This article is brought to you in association with OECD. The OECD and the Government of the Kingdom of Morocco signed today a Memorandum of Understanding to renew the Country Programme, for a period of three years, to support Morocco’s reform agenda. OECD Secretary-General Angel Gurría and Mr. Saad Dine El Otmani, Head of Government of […]

Countries must make teaching profession more financially and intellectually attractive

This article is brought to you in association with the European Commission. Countries need to make the teaching profession more financially and intellectually attractive to meet a growing demand across the world for high-quality teachers, according to a new OECD report. Based on the OECD’s Teaching and Learning International Survey (TALIS), the report, Teachers and School Leaders […]

OECD presents revised Codes on capital flows to G20

This article is brought to you in association with OECD. Cross-border capital flows are an integral component of international finance, but require a balanced framework for removing unnecessary barriers to the movement of capital while providing governments flexibility to cope with instances of economic or financial instability,  OECD Secretary-General Angel Gurria said today. The recently revised […]

OECD joins with Japan to fight financial crime by establishing new academy

This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría and Japan’s Minister of Finance Taro Aso presided today over a signing ceremony to establish a new centre of the OECD International Academy for Tax Crime Investigation in Wako, Japan. The signing, which took place in the margins of the meeting of […]

Latvian economy is thriving, but boosting productivity, improving social protection and transitioning to a low-carbon productive model are vital for sustainable and inclusive growth

This article is brought to you in association with OECD. The Latvian economy is thriving, with strong job growth driving convergence with more advanced economies. Efforts should now focus on reducing inequality, responding to the challenges posed by population ageing and making growth stronger, inclusive and greener, according to two new OECD reports. The latest OECD Economic […]

Migration policy affects attractiveness of OECD countries to international talent

This article is brought to you in association with OECD. The most attractive OECD countries for highly qualified potential immigrants are Australia, Sweden, Switzerland, New Zealand and Canada, in part because of favourable admission and stay conditions. Most countries can increase their attractiveness by accelerating application procedures and offering better residence conditions to highly qualified migrants […]

International trade statistics: trends in first quarter 2019

This article is brought to you in association with OECD. Growth in G20 international merchandise trade, seasonally adjusted and expressed in current US dollars, remained weak in the first quarter of 2019. G20 exports rose marginally by 0.4% quarter‑on‑quarter while imports fell by 1.2%. Compared to the third quarter of 2018, when the first round of new tariff measures affecting US-China trade […]

Forty-two countries adopt new OECD Principles on Artificial Intelligence

This article is brought to you in association with OECD. OECD and partner countries formally adopted the first set of intergovernmental policy guidelines on Artificial Intelligence (AI) today, agreeing to uphold international standards that aim to ensure AI systems are designed to be robust, safe, fair and trustworthy. The OECD’s 36 member countries, along with Argentina, […]

Joint OECD and World Bank report urges governments to improve resilience to disasters and related fiscal risks

This article is brought to you in association with OECD. Rapid economic development and climate change are increasing our vulnerability to natural disasters, and a new joint OECD-World Bank report calls for pro-active management of the financial costs of those disasters before they strike. Released during the annual OECD Forum in Paris, Fiscal Resilience to Natural Disasters estimates that natural […]

Italy should boost spending and strengthen cooperation and integration of employment services to help more people into work

Mr Giuseppe CONTE, Italian Prime Minister. Copyright: European Union Event: Special meeting of the European Council (Art. 50) This article is brought to you in association with OECD. Italy should boost spending and cooperation at national and regional levels as part of broader efforts to help more people into work and reduce the country’s high unemployment […]

Mexico needs a new strategy to boost growth, fight poverty and improve well-being for all

This article is brought to you in association with OECD. The Mexican economy is expanding at a moderate pace, underpinned by a strong macroeconomic framework and robust exports tied to the country’s deep integration into global value chains. A new strategy is now needed to boost growth, reduce high levels of poverty and inequalities, and improve […]

SMEs turning to alternative financing instruments as growth slows in bank lending

This article is brought to you in association with OECD. Small and medium-sized enterprises (SMEs) are turning to non-bank financing sources at a faster pace than in the past, as bank lending to them has risen less than expected given today’s favourable credit conditions and business environment. Financing SMEs and Entrepreneurs 2019: An OECD Scoreboard finds that […]

Governments must act to help struggling middle class

This article is brought to you in association with OECD. Governments need to do more to support middle-class households who are struggling to maintain their economic weight and lifestyles as their stagnating incomes fail to keep up with the rising costs of housing and education, according to a new OECD report. Under Pressure: The Squeezed Middle […]

OECD Steel Committee concerned about excess capacity in steel sector

This article is brought to you in association with OECD. Low growth prospects for the global economy, slowing demand for steel and virtually unchanged steelmaking capacity are driving severe and persistent excess capacity in the steel sector, the OECD Steel Committee said at the end of its meeting this week. The Committee reiterated the need for […]

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 […]

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 […]

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

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 […]

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 […]