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 […]

These are the OECD’s most productive economies

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Johnny Wood, Writer, Formative Content Romania boasts the highest productivity of leading world economies, according to the latest available data from the Organization for Economic Co-operation and Development (OECD). The eastern European nation recorded the highest “GDP per hour” […]

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 […]

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 […]

What we need is more (and better) multilateralism, not less

This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Angel Gurría, Secretary-General, Organisation for Economic Co-operation and Development (OECD) Discontent with globalization is a key factor behind the temptation to advance policy goals through unilateral actions rather than by working together. Notwithstanding the major net positive impact of economic […]

To keep track of the SDGs, we need a data revolution

(Unsplash, 2019) This article is brought to you thanks to the collaboration of The European Sting with the World Economic Forum. Author: Steve MacFeelyChief Statistician, UNCTAD In March 2015, presidents and prime ministers around the world signed up to the United Nations’ 2030 Agenda for Sustainable Development. That agenda is the most ambitious development plan ever conceived by the […]

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, […]

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 […]

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 […]

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 […]

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 […]

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, 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 […]

Stopping antimicrobial resistance would cost just USD 2 per person a year

This article is brought to you in association with OECD. Superbug infections could cost the lives of around 2.4 million people in Europe, North America and Australia over the next 30 years unless more is done to stem antibiotic resistance. Yet, three out of four deaths could be averted by spending just USD 2 per person […]

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 […]

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 […]