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India: Strong growth has raised incomes and reduced poverty, but challenges remain

The Indian economy is expanding at a fast pace, boosting living standards and reducing poverty nationwide. Further reforms are now necessary to maintain strong growth and ensure that all Indians benefit from it, according to a new report from the OECD.




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Modest pick-up in global growth but risks and vulnerabilities could derail recovery

Global economic growth is expected to pick up modestly next year to around 3.6 % from a projected 3.3% in 2017 but risks of rising protectionism, financial vulnerabilities, potential volatility from divergent interest rate paths and disconnects between market valuations and real activity hang over the outlook, according to the OECD.




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Efficient, Equitable and Enforceable: three "Es" for reforming India's tax system and better finance public services

Promoting inclusive growth in India requires improving social and physical infrastructure.




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Spain: Maintain reform momentum to enhance economic recovery and boost inclusive growth

The Spanish economy is enjoying a robust recovery from a deep recession, with structural reforms contributing to high growth rates and a gradual decline in unemployment.




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Growth-oriented policy agenda needed to ensure stronger economic recovery with benefits for all workers and households

Governments must deploy policy packages that take advantage of the synergies between labour, product and financial market reforms to escape the low-growth trap and ensure that benefits are broadly shared by the vast majority of citizens, according to the OECD’s annual Going for Growth report.




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China: time to focus on financial risks and structural reform

As the Chinese economy matures to a slower but more sustainable growth path, policy efforts need to focus more on efficiency, stability and inclusiveness, according to a new OECD report.




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Raising skills holds the key to higher living standards and well-being in Portugal

For each hour worked Portugal produces about half of the output produced in the United States.




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Employment ins and outs in OECD countries

Labour markets are in a continual state of flux. Workers get employed, leave a job and become unemployed, join the labour force or leave the labour force. The balance of these flows determines the overall employment rate.




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Japan: Boost employment and productivity to promote inclusive growth and meet demographic challenges

The Japanese economy has gained momentum and is creating jobs, according to a new OECD report. The latest OECD Economic Survey of Japan, presented in Tokyo by OECD Secretary-General Angel Gurría, says that per capita growth rates in recent years have matched those across the OECD – a major improvement. The Survey underlines the key role Abenomics has played in the economic revival.




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Doing well by doing good: The role of Mexico's firms in achieving sustainable and inclusive growth

The private sector can be a strategic partner in the pursuit of sustainable and inclusive growth, with the ability to have a profound impact, particularly in areas such as climate change, inclusiveness, equality and good governance.




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Continued slowdown in productivity growth weighs down on living standards

The slowdown in productivity growth - already underway before the crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released today by the OECD.




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Colombia: Raise productivity and make growth more inclusive

The Colombian economy has been more resilient than other Latin American countries to the recent fall in commodities prices, and remains among the strongest in the region.




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Reforms for more and better quality jobs in Spain

The Spanish economy is growing strongly, but there is a risk that many people are being left behind.




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The challenge of boosting innovation and trade, while achieving inclusiveness

The recent pick-up in global growth is good news, but a durable return to healthy growth supported by productivity and trade will require stronger political commitment to implement policy packages to make growth more inclusive.




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Regulation, institutions and aggregate investment: new evidence from OECD countries

This paper investigates the relationship linking investment (capital stock) and structural policies.




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Regulation, institutions and productivity: new macroeconomic evidence from OECD countries

Empirical research on the drivers of multi-factor productivity (MFP) is abundant at the firm- and industry level but surprisingly little research has been conducted on the determinants of MFP at the macroeconomic level.




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New Zealand: Boost productivity and adapt to the changing labour market

The New Zealand economy continues enjoying a strong, broad-based expansion, driven by booming tourism, high net inward migration, solid construction activity and supportive monetary policy.




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Economic Survey of New Zealand 2017

New Zealand has experienced robust economic growth since 2012, buoyed by record levels of inward migration and strong terms of trade. Employment has expanded vigorously, reversing much of the increase in unemployment since the onset of the global financial crisis.




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Public investment, tax and education reforms will help bolster inclusive growth in Belgium

A combination of market-based policies and a redistributive welfare state have boosted Belgium’s per-capita GDP to well above the average of OECD countries and raised well-being, according to a new OECD report.




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OECD Economic Survey of Iceland launches Tuesday 27 June 2017

The latest OECD Economic Survey of Iceland, to be published on Tuesday 27 June, analyses the factors behind the country’s remarkable economic turnaround as well as steps that can be taken to preserve sustainable and inclusive growth.




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Income, wealth and equal opportunities in Sweden

Sweden is an egalitarian society in international comparison, and has managed to combine equity with economic efficiency.




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Lifting New Zealand’s game on productivity

Productivity growth will be the main driver of global economic growth and prosperity over the coming decades. For New Zealand, this represents both a challenge and an opportunity, as NZ productivity is below that of leading OECD countries.




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New Zealand has recently enjoyed strong economic growth, but housing and population ageing pose challenges

New Zealand enjoyed strong economic growth during 2016, driven by high net inward migration, solid construction activity, booming tourism and supportive monetary policy, although in per capita terms growth has been more in line with that in other advanced economies.




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Economic Survey of Iceland 2017

Iceland is the OECD’s smallest economy and,currently,the fastest growing. A booming financial services and construction led to a deep financial crisis in 2008. However, Iceland has made a remarkable turnaround, helped by spectacular growth of tourism, prudent economic policies and a favourable external environment.




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Insolvency Regimes, Zombie Firms and Capital Reallocation

This paper explores cross-country differences in the design of insolvency regimes and their potential links with two inter-related sources of labour productivity weakness: the survival of "zombie" firms (firms that would typically exit in a competitive market) and capital misallocation.




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Enhancing employability and skills to meet labour market needs in Italy

The various deficiencies of the labour market and the educational system have resulted in high unemployment, low labour force participation, low skills levels and high skill mismatch.




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Austria: Embrace digitalisation to boost growth and inclusiveness

The Austrian economy is strengthening, supported by recent tax reform and a pick-up in international trade. With business and household confidence rising and the short-term outlook favourable, policymakers should enact deeper structural reforms that will improve both fiscal sustainability and social cohesion.




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South Africa: Find new ways to boost growth and job creation

The South African economy has registered tremendous progress over the past two decades, boosting living standards and lifting millions out of poverty nationwide.




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Argentina: Further reforms are needed to boost sustainable and inclusive growth

Argentina is making progress in its path to advance its growth agenda. The first OECD Multi-dimensional Economic Survey of Argentina underlines the achievements to date of the government’s recent and comprehensive programme of macroeconomic and structural reforms.




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Improving the efficiency and outcomes of the Slovak health-care system

Despite improvements over the past few decades, Slovak health outcomes remains poor compared with most other OECD countries, even after controlling for differences in per capita income and other social, cultural and lifestyle factors.




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Collective bargaining in Iceland: sharing the spoils without spoiling the shares

Icelandic labour market is flexible with high labour market participation, low unemployment, and labour supply dynamically responds to the economic cycle.




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Labour market resilience: the role of structural and macroeconomic policies

This paper provides an overview of labour market resilience in the wake of the Great Recession of 2008-09 and the role played by macroeconomic and structural policies.




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Slovenia: Boost investment and productivity through better skills and regulation

The Slovenian economy is rebounding after a long downturn, experiencing stronger growth, declining unemployment, healthier public finances and renewed income convergence with more advanced European economies. Further reforms are now needed to increase investment, boost productivity, improve living standards and ensure that all Slovenians benefit from inclusive growth, according to a new report from the OECD.




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Boosting firm dynamism and performance in China

With persisting slower growth worldwide and in China, over-capacity in some heavy industry sectors, declining profitability, and intensifying competition from other, lower-cost emerging economies, corporate behaviour in China needs to change and focus more on efficiency and sustainability.




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France: Economy is expanding but reforms needed to maintain benefits and boost jobs

The French economy is expanding, the labour market is recovering – albeit gradually - while productivity and the standard of living remain generally high, according to a new OECD report.




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Latvia: Maintain robust expansion and continue reforms to achieve income convergence and more inclusive growth

Successful implementation of economic reforms has boosted the Latvian economy, leading to strong growth, rising wages and solid public finances. Further policy action is now needed to accelerate productivity growth, create jobs, drive down poverty, improve living standards and ensure that everyone benefits from more inclusive growth, according to a new report from the OECD.




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Estonia: Policy action is needed for stronger and more inclusive growth

Estonia: Policy action is needed for stronger and more inclusive growth




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Findings of the recent literature on international capital flows: implications and suggestions for further research

Financial globalisation has given international capital flows a central role in the functioning of the global economy and has therefore led to considerable economic research over the past 30 years.




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OECD sees synchronised momentum for global economy, but urges further policy action to ensure sustainable and inclusive medium-term growth

The world economy has picked up momentum, as expanding investment, employment and trade support synchronised growth across most countries, according to the OECD’s latest Interim Economic Outlook.




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Continuing the reform process in France to improve job and income prospects

Economic growth is strengthening in France, supported by consumption and investment, and the labour market is gradually recovering, as past reductions of comparatively high labour and business taxes are starting to take effect. However, GDP and employment growth are still lagging relative to the euro-area average.




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Financial inclusion and women entrepreneurship: evidence from Mexico

Financial inclusion and women entrepreneurship concern policymakers because of their impact on job creation, economic growth and women empowerment.




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Achieving strong and balanced regional development in India

While India’s per capita income is converging towards that of the richer countries, inequality has drifted up.




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Enhancing advanced skills to better meet labour market demand in the Slovak Republic

Changing labour market demand and moving up the global value chain requires high-skilled workers.




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Ensuring fiscal sustainability in Japan in the context of a shrinking and ageing population

With gross government debt of 219% of GDP in 2016, Japan’s fiscal situation is in uncharted territory and puts the economy at risk.




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Boosting economic opportunities and wellbeing in Latvia: why housing matters

Unemployment is still above 8% in Latvia and contributes to poverty, in part because many unemployed have been without a job for an extended period of time.




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Sustaining nature-based tourism in Iceland

celand has been experiencing a tourism boom. The number of tourists visiting annually quadrupled between 2010 and 2016 and shows continued strength. The tourism sector is now the major export earner and is also creating new jobs and supporting new businesses.




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Improving productivity in New Zealand's economy

New Zealand ranks highly on most indicators of well-being, but incomes are below the OECD average due to low labour productivity.




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Adapting to the changing labour market in New Zealand

Technological change is increasing the productivity of highly skilled workers but creating more challenging labour-market conditions for their low-skilled counterparts.




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Corporate governance and firm performance in China

A key priority in China’s "new normal" period -- where returns on investment are slackening -- is corporate governance, which could lead to enhanced productivity by a better management of resources at the firm level.




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Reducing inequality to raise incomes and expand well-being for all Colombians

The peace agreement will boost economic growth, but to share it fairly Colombia must also achieve better educational outcomes and bring more people into the more productive formal economy.