OECD analyses have begun to understand the relationship between digitalisation, jobs and skills, the magnitude of potential job substitution due to technological change, the relationship between globalisation and wage polarisation, as well as the changes to the organisation of work.

Finland should offer labour-market-oriented integration support to all migrants, strengthen efforts to identify and address early vulnerabilities, and work more closely with employers according to a new OECD report.

Better services trade policy can stimulate inclusive economic growth by promoting access to the information, skills, technology, funding and markets needed for success in an increasingly digital global economy, according to a new OECD report.

Economy-wide Schemata 2018 PMR Economy-wide

Economy wide PMR Indicators (July 2019)

OECD PMR database July 2019 - Economy wide

OECD World Bank Economy wide PMR Indicators

Drawing on data presented in the 2017 OECD Business and Finance Outlook, this article looks at some of the forces influencing recent economic developments and asks what can be done to ensure a “fairer” global economy.

Digital economies are powered by skills. People with the high-end skills needed to invent and apply new technologies are in high demand the world over. At the same time, the portfolio of basic skills needed to navigate technology-rich environments and function effectively in our connected societies has expanded. How severe is the shortage of ICT skills? And what needs to be done to fill the gaps?

Latin America’s GDP growth rate has slowed down in 2014, dropping below 1.5%. This is the first time in a decade that the region grows less than the OECD average, according to the OECD Development Centre, the Commission for Latin American and the Caribbean and the development bank for Latin America. Given the projections in the past weeks, any recovery in 2015 is likely to be challenging.

The end of the mining boom has highlighted the urgent need for Chile to diversify its economy away from commodity-intensive sectors, according to a new OECD report presented by Secretary-General Angel Gurría today.

Most countries have made little progress helping their weakest students improve their performance in reading, mathematics and science over the past decade. This means too many young people are still leaving school without the basic skills needed in today’s society and workplace, hurting their futures and long-term economic growth, according to a new OECD report.

The Regional Growth Core Schönefelder Kreuz and the Technical University of Applied Sciences Wildau in partnership with the OECD Local Economic and Employment Development Programme (LEED) are working on defining and collecting measurable indicators at the regional/ local level that can inform over time of transition to low-carbon economic and industrial activities.

Russia: Innovation and Modernising the Rural Economy

The London Apprenticeship Campaign was launched in 2010 to boost the number of apprentices in London. It was developed as part of an ongoing policy focus to tackle long-standing skill shortfalls in the city, shortages which have been constraining employment, social opportunity and productivity.

This paper discusses the results of the 2011-2012 OECD LEED study of measuring green growth in the Benelux countries (Belgium, The Netherlands and Luxembourg). The study paid particular attention to the challenges of measuring the transition to a low-carbon economy in cross-border areas as they have additional levels of complexity when it comes to measuring and monitoring their low-carbon transition.

This LEED project aims to to define key indicators of area-based transition to a low-carbon economy. The objective is to define measurable indicators at regional/local level that can inform over time of transition to low-carbon economic and industrial activities.

The last decade has seen considerable policy attention to the social economy and its contribution to employment, in particular as regards the inclusion and empowerment of vulnerable workers and the provision of appropriate working conditions.

Policy instruments can be applied to improve the sustainability of plastics, including regulations, market-based instruments, information and voluntary tools. The report reviews the use of these instruments, provides good practice examples, such as product taxes and charges, eco-design standards, extended producer responsibility and environmental product labels, as well as discussing opportunities for their future applications.

Non-stop 19-hour commercial flights from New York to Sydney could be available to passengers in economy class by 2023, with the only added benefit of slightly more legroom and a place to stretch.

The flying kangaroo's debut Brisbane to San Francisco flight departed on Sunday in a new Boeing 787-9 Dreamliner- an aircraft centred on cabin comfort.

The former politician, who oversaw austerity in the years following the 2008 financial crisis, raised the spectre of banks refusing to lend money if businesses start going to the wall.

Fear of virus is overshadowing government appeals to businesses to resume operations

The Tamil Nadu government has constituted a committee comprising of economists, industrialists, bankers and educationists to assess the impact of Covid-19 pandemic on the state. It will present a report to the state government in three months.

C. Rangarajan, former RBI governor, to head committee

FDI by firms moving from China to India will help offset damage: Kotak’s Shah

Experts to help TN govt get economy back on track

Lyft, Uber and Airbnb depend on travel, vacations and gatherings. That's a problem when much of the world is staying home

The committee shall submit its final reports to the government within three months time and also submit an interim report

Evidence for a diversified sea-based economy among North American inhabitants dating from 12,200 to 11,400 years ago is emerging from three sites on California's Channel Islands.

The post New archaeological evidence reveals California’s Channel Islands as North America’s earliest seafaring economy appeared first on Smithsonian Insider.

When talk turns to the economy, it's clear that LA brings out the best and the worst.

Steve Julian: Business analyst Mark Lacter, where do you see the best of it here?

Mark Lacter: You see the best of the economy, Steve, with all kinds of startup activity - much of it tech-related - and you also see the large number of auto sales, the improved housing market, and the record number of people visiting Southern California - all indications of a growing economy.  But then, you have the other L.A. economy, with large numbers of families struggling to make ends meet, and seeing very little sign of recovery.  You know, the government has been releasing income data covering the last few years, and what you see is that the disparity between the richest 1 percent and the other 99 percent is at its widest point since the 1920s.  You especially see that kind of bifurcated economy in Southern California, which has some of the wealthiest people in the country, and also some of the poorest.

Julian: Now, the split between rich and poor has been happening for a good long time, hasn't it?

Lacter: Yes, but L.A. is in a special class because there are so many immigrants with limited job skills - in fact, a new study by the UCLA Anderson Forecast says it's a much higher percentage than immigrants living in Miami, San Francisco, and New York.  What's interesting is that 20 years ago the job skills among immigrants were significantly higher in L.A.  Limited job skills mean there's very little opportunity to move up the income ladder.  That factors into buying homes, sending your kids to college - really becoming part of the middle class.

Julian: I imagine that's particularly true for factory work…

Lacter: Yes, some of the same jobs that newly-arrived immigrants in previous generations would gravitate to.  Today, many of those jobs are gone, and they're being replaced by positions that require greater skill that's borne out of greater education.  And that, of course, is another problem: a sizable percentage of recently-arrived immigrants never finished high school, much less college, and that makes it even less likely that they'll be able to move up.

Julian: Related, or unrelated, to the recession?

Lacter: Actually, L.A. had serious income inequality in December of 2006, before the recession, when the county's unemployment rate was just 4.3 percent - a stunningly low rate when you consider that as of July, the jobless rate was almost 10 percent.  This points out that the division of haves and have-nots can happen even when the economy is doing well.

Julian: And it seems the last C-17 to be built for Air Force is a reminder of wage gap.

Lacter: That's right - it'll be up to foreign customers to keep the program in Long Beach alive.  Boeing currently has an order from India for 10 of the cargo planes, which will keep the line moving through the third quarter of next year.  Frankly, the only reason the C-17 has lasted this long is heavy political pressure by congressional lawmakers whose districts have an economic stake in the program.  At one time, as many as 16,000 people may have worked on the C-17 in Long Beach, but that number has fallen sharply over the years.

Julian: Still, this is the last airplane manufacturing plant in Southern California.

Lacter: And that, of course, speaks volumes about the state of the aerospace business, which had been one of the main economic drivers back in the days leading up to World War II.  Aerospace continued to be very important until the end of the Cold War, when you had a huge industry consolidation that resulted in the loss of tens of thousands of local jobs throughout the 1990s.  There's still quite a bit of aerospace activity locally that involves missiles, satellites, and electronics - both for the major defense contractors like Boeing and Northrop, and for smaller contractors and sub-subcontractors that still get a piece of the military pie.

Julian: But most of them require high skill levels…

Lacter: Yes, and that gets us back to the folks who are stuck in low-paying jobs with little prospect for moving up.  This is what the L.A. economy is all about, the good and the bad.

Mark Lacter writes for Los Angeles Magazine and pens the business blog at LA Observed.com.

This content is from Southern California Public Radio. View the original story at SCPR.org.

Immigration benefits the U.S. economy overall and has little negative effect on the income and job opportunities of most native-born Americans, says a new report by a panel of the National Research Council.

Although the federal program that sets fuel economy standards for cars and light-duty trucks has helped reduce U.S. dependence on imported oil and lower emissions of greenhouse gases, changes to the program could further cut the nations petroleum dependence and provide more flexibility to carmakers.

The aging of the U.S. population will have broad economic consequences for the country, particularly for federal programs that support the elderly, and its long-term effects on all generations will be mediated by how -- and how quickly -- the nation responds, says a new congressionally mandated report from the National Research Council.

The analysis used by federal agencies to set standards for fuel economy and greenhouse gas emissions for new U.S. light-duty vehicles -- passenger cars and light trucks -- from 2017 to 2025 was thorough and of high caliber overall, says a new report from the National Research Council.

The U.S. is a clear leader in the global bioeconomy landscape, but faces challenges from decentralized leadership, inadequate talent development, cybersecurity vulnerabilities, stagnant investment in fundamental research, and international competition, according to Safeguarding the Bioeconomy, a new report from the National Academies of Sciences, Engineering, and Medicine.

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Adopting the Green Economy approach will reap greater environmental, social and economic benefits, compared with a society that focuses on economic growth as the measure for future development, according to a recent UN report. Using two per cent of global GDP to ???green??? key sectors could be enough to trigger the transition towards a green economy.

A recent study has provided support for an alternative means of tackling the unsustainability of resource-intensive economic growth. Using examples of best practice, it upholds a model of moderate growth in GDP combined with a significant increase in the environmental technology market and greater resource-efficiency across all industries.

The current economic and environmental crisis tells us that the time is ripe for governments around the world to implement a new kind of economy, which is resilient, sustainable, operates within the limits of our planet's resources and creates a fairer society. This thematic issue covers research which can help policy makers develop this Global Green Economy.

A recent study has analysed trade unions’ understanding of the relationship between environmental protection and jobs. It identified four reoccurring themes from interviews with union representatives, which provide insight into how trade union environmental agendas could develop under a greener economy.

Researchers have developed a methodology that allows the analysis of how an existing product design meets design guidelines required for the circular-economy perspective, and which guidelines would need to be incorporated to create a better circular-design product. The results, based on a case study of small electrical equipment in Spain, indicate that the most urgent priority is to incorporate circular-design guidelines related to extending life span and to product/components re-use, while there is a moderate need to include guidelines related to the use of simple removable connections or a modular product structure.

To support the move towards a circular economy, in which resources are kept in use for as long as possible to minimise waste, there is great potential for the bioeconomy — those parts of the economy linked to the use of renewable biological resources — to adopt innovative business models and practices, says a new study. However, the study found that bioeconomy businesses instead perceive the circular economy in terms of well-established practices, such as recycling.

Vehicle fuel economy has markedly improved, but there are other factors that influence fuel consumption and transport emissions, according to new research on the EU, USA and Japan. Changes in vehicle size and power also play a role indicating that, if fuel prices do not keep rising, policy focus may need to shift to managing vehicle use.

The most effective way to lower the greenhouse gas (GHG) emissions associated with metal production is to pursue a circular economy for the material in the long term, says a recent study. This century will see a high demand for seven major metals; the resultant overall environmental impact is expected to outweigh any environmental savings that may result from greener production processes or an increased use of renewable energy.

Around 50% of gold in used mobile phones is not recovered for future use, a new study finds. The researchers suggest that a global circular economy in mobile phones could be created by improving recycling of precious metals in phones in developing countries, as well as increasing the lifespan of phones and improving collection after use. These changes will reduce pressures on non-renewable resources and close ‘metal flow loops’.