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 […]

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 […]

Tax Inspectors Without Borders making significant progress toward strengthening developing countries’ ability to effectively tax multinational enterprises

  This article is brought to you in association with OECD.   An innovative international co-operation initiative that deploys qualified experts in developing countries to strengthen their ability to effectively tax multinational enterprises has achieved significant milestones over the past year, according to a new annual report. Tax Inspectors Without Borders, a joint initiative of the […]

OECD Secretary-General Gurría welcomes announcement of new trade agreement between the US, Mexico and Canada

This article is brought to you in association with OECD. OECD Secretary-General Angel Gurría has welcomed the announcement of a new, modernised United States-Mexico-Canada Agreement. “The OECD has long supported open markets for trade and investment as a crucial driver of economic growth and jobs”, Mr. Gurría said. “Today’s announcement supports strong growth and good jobs […]

Global leaders and companies pledge to reduce the gender pay gap by 2030

This article is brought to you in association with OECD. Today, global leaders from governments, private sector companies, trade unions and civil society pledged to take concrete action towards closing the gender pay gap by 2030. The global commitments – to ensure women in every sector of the workforce are paid equally to men for doing work […]

Global leaders and companies pledge to reduce the gender pay gap by 2030

This article is brought to you in association with OECD. Today, global leaders from governments, private sector companies, trade unions and civil society pledged to take concrete action towards closing the gender pay gap by 2030. The global commitments – to ensure women in every sector of the workforce are paid equally to men for doing work […]

OECD sees global growth moderating as uncertainties intensify

This article is brought to you in association with OECD. The global economic expansion appears to have peaked, with diverging growth prospects worldwide and intensifying risks, according to the OECD’s latest Interim Economic Outlook. Economic growth prospects are now slightly weaker across the board than anticipated in May, when the OECD released its latest Economic Outlook. […]

OECD welcomes French plans to increase and better target foreign aid

This article is brought to you in association with OECD. The OECD welcomes France’s recently announced plans to increase its foreign aid flows, particularly in the form of grants, and prioritise the most fragile countries, commitmentsthat respond to recommendations made in a new DAC Peer Review of France. The Review, released today after being presented to […]

Few countries are pricing carbon high enough to meet climate targets

This article is brought to you in association with OECD. Governments need to raise carbon prices much faster if they are to meet their commitments on cutting emissions and slowing the pace of climate change under the Paris Agreement, according to a new OECD report. Effective Carbon Rates 2018: Pricing Carbon Emissions through Taxes and Emissions […]

Canada needs to increase foreign aid flows in line with its renewed engagement

This article is brought to you in association with OECD. Canada has shown a renewed engagement in global development in the last few years. This now needs to translate into concrete action to increase aid flows and ensure that development co-operation is effective and coherent, according to a new OECD Review. The latest DAC Peer Review […]

Tax reforms accelerating with push to lower corporate tax rates

This article is brought to you in association with OECD. Countries have used recent tax reforms to lower taxes on businesses and individuals, with a view to boosting investment, consumption and labour market participation, continuing a trend that started a couple of years ago, according to a new report from the OECD. Tax Policy Reforms 2018 […]

Armenia should take vigorous measures against entrenched corruption

This article is brought to you in association with OECD. Armenia should take vigorous measures to tackle entrenched corruption and widespread conflict of interest, according to a new OECD report. Armenia has continued to reform its anti-corruption legislation and institutions over the past four years. A comprehensive legal framework for the civil service and public service […]

Financial system risk is elevated and global standards are essential in managing cross-border infrastructure investment

This article is brought to you in association with OECD. A new OECD report, the 2018 Business and Finance Outlook, highlights a number of major risks having the potential to disrupt global economic growth. It notes that the gradual normalisation of monetary policy in an environment of growing debt will be a major test of whether […]

OECD economic scenarios to 2060 illustrate the long-run benefits of structural reforms

This article is brought to you in association with OECD. Policy choices made today can have important positive effects on future living standards, according to new long-term economic scenarios released by the OECD. The Long View: Scenarios for the World Economy to 2060 extends the usual short-run horizon of economic forecasters to better illustrate the potential benefits […]

India’s agro-food sector has made strong progress, but a new policy approach is needed to meet future challenges, says new report by OECD and ICRIER

This article is brought to you in association with OECD. India has made tremendous economic progress since the mid-1990s, raising GDP per capita by more than 5% per year, cutting the incidence of poverty in half, significantly decreasing undernourishment and transforming itself into a major agriculture exporter. For these past successes to continue into the future, […]

Low quality healthcare is increasing the burden of illness and health costs globally

This article is brought to you in association with OECD. Poor quality health services are holding back progress on improving health in countries at all income levels, according to a new joint report by the OECD, World Health Organization (WHO) and the World Bank. Today, inaccurate diagnosis, medication errors, inappropriate or unnecessary treatment, inadequate or unsafe […]