Going for Growth 2015: Key findings for Hungary

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.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

Iceland must balance growth in power and tourism industries with nature conservation, OECD says Iceland has one of the world’s most pristine natural environments and its glaciers, volcanoes and hot underground springs bring major economic benefits via renewable energy and tourism.

Going for Growth 2015: Key findings for Iceland

The family-friendly policies introduced by Nordic countries over the past 50 years and associated increases in female employment have boosted growth in GDP per capita by between 10% and 20%, according to a new OECD report.

Italy’s structural reforms of recent years have improved the financial health of the corporate sector and contributed to a gradual economic recovery. However, the Italian economy still lags other large European economies. Improving the way capital markets function would help drive investment in the real economy, creating jobs and boosting productivity, according to a new OECD report.

Strengthening Cybersecurity is becoming “the new comparative advantage”, as companies and customers move to countries with safer and more reliable cyber-frameworks, said Angel Gurría, OECD Secretary-General.

The 2012 Technology Foresight Forum will focus on the potential of big data analytics as a new source of growth, which could help generate significant economic and social benefits

This report explores the potential role of data and data analytics for the creation of significant competitive advantage and the formation of knowledge-based capital. Five sectors are discussed as areas in which the use of data can stimulate innovation and productivity growth: online advertisement, health care, utilities, logistics and transport, and public administration.

New sources of growth- Phase 2, Knowledge-based capital

On 21-23 June 2016, Ministers and stakeholders will gather in Cancún, Mexico, for an OECD Ministerial Meeting on the Digital Economy: Innovation, Growth and Social Prosperity, to move the digital agenda forward in four key policy areas foundational to the growth of the digital economy: Internet openness, digital trust, global connectivity, jobs and skills in the digital economy.

Ministers and high-level representatives from 41 countries and the European Union committed today at the closure of the OECD’s 2016 Digital Economy Ministerial Meeting in Cancun, Mexico, to work together to preserve an open Internet, close digital divides, promote digital skills and generally do more to seize the potential of the digital economy.

At the OECD, ee have started an ambitious 2-year project to examine how the digital transformation affects policy making across the broadest possible range of fields and topics. The objective is to work with governments, business, labour and civil society to develop policies to harness the power of the digital revolution for OECD members and developing countries and unlock the benefits for everyone.

Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report.

Estonia’s economy is performing well, and public finances are in excellent shape, yet growth is softening and spending pressures from infrastructure needs and an ageing population are mounting. Efforts should now focus on improving income equality and well-being, greening growth and accelerating the country’s digital transformation, according to a new OECD report.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

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.

Going for Growth 2015: Key findings for Luxembourg

Strong economic performance, comfortable fiscal situation and well-run institutions make life good for most residents of Luxembourg.

Luxembourg’s economy has grown at a robust pace and has enviable levels of well-being, but public policy can do more to make growth sustainable and inclusive, according to a new report from the OECD.

Despite Portugal’s economic and political challenges, it is still committed to improving the environment. The government sees green investment in its stimulus package and green tax reform as part of the solution to the national budget deficit.

"The success of green growth will depend on whether it is a shared global agenda. Many developing countries are not yet fully equipped to introduce new ‘greener’ policies and tap into the benefits of a green future", declared Mr Gurría at the Global Green Growth Summit.

In recent years Israel has strengthened its environmental policies and now should develop a green growth plan that combines environmental, economic and social policies.

Germany is successfully limiting the amount of carbon, energy and resources required to grow its economy. Though the public is generally satisfied with the level of environmental quality, the OECD’s Environmental Performance Review of Germany warns that ch

Mexico is faced with difficult trade-offs as it pursues its economic, social and environmental goals. Like other emerging economies Mexico is balancing the need to protect its natural resources with the need to address high levels of income inequality and poverty.

The GGKP’s second annual conference will be held at the OECD Headquarters in Paris on 4-5 April 2013. The discussion will be framed around two headline themes: Greening global value chains and Measurement and reporting for green growth.

Cities can generate growth and jobs while becoming greener – this is the message of the OECD’s new Green Growth in Cities report. Drawing on case studies of Paris, Chicago, Kitakyushu and Stockholm, the report identifies green policies that can respond to urban growth priorities and suggests how to implement and finance them.

This publication explains why green growth is vital to secure a more sustainable future for developing countries. Covering 74 policies and measures from 37 countries and 5 regional initiatives, this publication outlines an action-oriented twin-track agenda to guide national and international policies and practices to successfully tackle green growth.

The 2013 Forum was held on 5-6 December and discussed how governments can improve their investment policy framework to reduce the risk and attract long-term private finance in support of green growth.

Colombia’s rich natural heritage as one of the world’s most bio-diverse countries is coming under increasing pressure from extractive industries, livestock grazing, urbanisation and car use, according to a new OECD report.

Iceland must balance growth in power and tourism industries with nature conservation, OECD says Iceland has one of the world’s most pristine natural environments and its glaciers, volcanoes and hot underground springs bring major economic benefits via renewable energy and tourism.

Despite large and growing investments in knowledge and innovation, productivity growth in many countries has slowed in recent years. At the same time, the urgent need for more rapid innovation (including its uptake and diffusion) in several key areas, such as in environment. This joint OECD-NBER workshop on 25-26 September 2014 will bring together academic experts to consider these challenges.

Southeast Asia’s over-reliance on natural resources like oil, gas, minerals and wood for economic growth is unsustainable over the long term and is causing environmental damage that will hurt future prosperity if left unchecked, according to a new OECD report.

The G20 needs to go structural, social, and green! With fiscal and monetary policy room nearly exhausted, structural reforms are the best choices, sometimes the only choice. The OECD battle cry in this regard has been unchanged since 2008: “go structural!”.

As environmental pressures continue to rise, governments throughout the OECD area have not been sitting back. If anything, the stringency of their policy measures has been increasing on the whole, not least to combat pollution and climate change. And as the evidence shows, stringent environmental policies can be introduced without hurting overall productivity.

In today’s hard times, policy-makers can find it difficult to sell their environmental policies. To many, these policies represent a burden on the economy.

Climate change and, more generally, environmental damage have quantifiable economic and health costs, which weigh on long-term growth and well-being. If left unchecked, climate change is projected to decrease global GDP by 0.7 to 2.5 % by 2060. At the same time, the costs to society of air pollution already appear substantial–equivalent to some 4% of GDP across OECD countries and even higher in some rapidly developing economies.

For many years one of the predominant conventional wisdoms in both business and policymaking circles was that cutting greenhouse gas (GHG) emissions necessitates a sacrifice in economic growth.

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.

The natural environment provides crucial inputs and services for economic development, but its role for productivity growth is insufficiently explored. Environmental scarcities can pose a drag on productivity growth and a risk for its sustainability.

Water is linked to many economic activities, and there are complex channels through which water affects economic growth. The purpose of this report is to provide background information useful for a quantitative global assessment of the impact of water scarcity on growth using a multi-region, recursive-dynamic, Computable General Equilibrium (CGE) model.

This Global Forum, held on 24-25 October 2016, aimed to shed light on the links between environment and economic growth, and the toolkits to quantify these links. It provided a platform to explore how a well-managed natural environment can contribute to economic growth and how an effective and efficient regulatory system can best be designed?

Estonia needs to move faster to reduce its dependence on oil shale so it can advance towards a greener economy and reduce air pollution and waste generation, according to a new OECD report.

Korea has improved access to environmental services and become a world leader in climate change mitigation technology.

Integrating measures to tackle climate change into regular economic policy will have a positive impact on economic growth over the medium and long term, according to a new OECD report prepared in the context of the German Presidency of the G20.

OECD overview report on Employment Implications of Green Growth: Linking jobs, growth and green policies to the G7 Environment Ministers held on 11-12 June 2017 in Bologna.

Our response to the climate challenge will define our collective future for generations to come. We must act. We must act swiftly, collectively, and decisively.