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OECD Steel Committee concerned about excess capacity in steel sector

Low growth prospects for the global economy, slowing demand for steel and virtually unchanged steelmaking capacity are driving severe and persistent excess capacity in the steel sector, the OECD Steel Committee said at the end of its meeting this week. The Committee reiterated the need for capacity reductions in relevant economies and for the removal of subsidies and other support measures that are distorting steel markets.




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Low productivity jobs continue to drive employment growth

Employment is rising in OECD countries but most jobs continue to be created in relatively low-productivity, low-wage activities, says a new OECD report.




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SMEs are driving job growth, but need higher investment in skills, innovation and tech to boost wages and productivity

Small and medium-sized enterprises (SMEs) have been a significant driver of employment growth in recent years, mainly through the creation of new firms, including in high-growth sectors such as information and communication technologies (ICT).




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Steelmaking capacity

Governments participating in the OECD Steel Committee consider excess capacity as being one of the main challenges facing the global steel sector today. This data portal makes data on steel projects in OECD countries fully accessible for the first time.




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Top global firms commit to tackling inequality by joining Business for Inclusive Growth coalition

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.




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Industrial robotics and product(ion) quality

Governments in OECD and emerging economies are betting heavily on robotics to safeguard the competitiveness of their manufacturing industries. This paper examines the importance of industrial robotics as a driver of production and trade quality.




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Society at a Glance 2014 - Key findings for Hungary

This note presents key findings for Hungary from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.




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International community continues making major progress to end tax evasion

The Global Forum on Transparency and Exchange of Information for Tax Purposes published today 9 new peer review reports, including a Phase 1 Supplementary Report for Switzerland, demonstrating continuing progress toward implementation of the international standard for exchange of information on request.




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Top global firms commit to tackling inequality by joining Business for Inclusive Growth coalition

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.




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The Heavy Burden of Obesity: Key findings for France

Around one in five adults in France are obese. While this is below the OECD average, obesity still has a significant impact. The French live on average 2.3 years less due to overweight. Overweight accounts for 4.9% of health expenditure; and lowers labour market outputs by the equivalent of 671 thousand full time workers per year. Combined, this means that overweight reduces France’s GDP by 2.7%.




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Society at a Glance 2014 - Key findings for Iceland

This note presents key findings for Iceland from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.




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The Heavy Burden of Obesity: Key findings for Italy

While the prevalence of obesity in Italy is lower than in most other countries, it still has significant consequences. Italians live on average 2.7 years less due to overweight. Overweight accounts for 9.0% of health expenditure, above the average for other countries. Labour market outputs are lower due to overweight by the equivalent of 571 thousand full time workers per year.




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Fixed and Mobile Networks: Substitution, Complementarity and Convergence (OECD Digital Economy Paper 206)

Mobile providers have garnered a very large share of traditional services, such as telephony, over the past decade. Nevertheless, mobile networks are dependent on fixed networks and could not efficiently meet the rapidly expanding demand of users without the contributions made by fixed broadband networks.




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OECD launches online portal to boost product safety

The OECD has launched an online portal to give consumers, businesses and governments quick and easy access to the latest information on products recalled from the market in Australia, Canada, Europe and the United States.




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Cybersecurity: Managing risks for greater opportunities

While the nature of cyber attacks continues to include criminal activities motivated by financial gain, the main emerging threats are large-scale denial of service attacks, information leaks, targeted cyber espionage, and the disruption of critical infrastructures.




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Improving the Evidence Base for Information Security and Privacy Policies: Understanding the Opportunities and Challenges related to Measuring Information Security, Privacy and the Protection of Children Online

This report provides an overview of existing data and statistics in the fields of information security, privacy and the protection of children online. It highlights the potential for the development of better indicators in these respective fields showing in particular that there is an underexploited wealth of empirical data that, if mined and made comparable, will enrich the current evidence base for policy making.




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Button Battery Safety

Many devices using small batteries have battery compartments that are easy to open and most people do not know there are safety concerns. Consumers worldwide need to be aware of the serious injuries that small batteries shaped like coins and buttons can cause when swallowed by children.




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OECD’s Gurría welcomes call for ‘Social Compact for Digital Privacy and Security’ as critical first step for trust and economic prosperity

On the occasion of the Global Conference on Cyberspace meeting today in The Hague, the Global Commission on Internet Governance (GCIG) issued a statement calling on ‘the global community to build a new social compact between citizens and their elected representatives, the judiciary, law enforcement and intelligence agencies, business, civil society and the Internet technical community..




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The digital disruption of productivity

The UK’s tallest mountain is Ben Nevis in Scotland. Recently, it became one metre taller, standing now at 1 345m rather than 1 344m above sea level. Of course, the mountain did not actually grow. Rather, the team of Ordnance Survey experts who re-measured it for the first time since 1949 were able to do so more accurately because of improvements in technology, and specifically through the use of GPS.




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Mobile connectivity beyond borders

Do you remember the “not-so-good old days”? When you were delayed while travelling abroad and it was too expensive to use your smartphone to check for alternatives online and inform the people you had to meet?




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Forging a digital society

Digital innovation is an opportunity—for governments, for business, for the public, and for the way in which they relate to each other.




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Digital Economy: Innovation, Growth and Social Prosperity

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.




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OECD Ministerial Declaration on the Digital Economy: Innovation, Growth and Social Prosperity

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.




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Corporate accountability is essential to human rights in the network society

The truth is that human rights are not sustainable, or in some places even possible, in today’s networked society unless public and private actors take responsibility. Governments and corporations alike must commit to design, manage, and govern technologies in a manner that is consistent with international human rights standards.




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Consumer product safety in the Internet of Things

There is an argument that the IoT brings new challenges for product safety and that regulatory regimes will need to be adapted. However, others argue that although the products are new, the issues are not necessarily novel and existing regulations are sufficient. This report highlights some key issues that confront product safety policy makers in this important area.




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Pension reforms on track but the challenges of adequacy and inequality in old age remain, says OECD

Recent reforms of pension systems have helped to contain the rise in future costs resulting from ageing populations and increasing life expectancy. Governments now need to do more to encourage people to work longer and save more for their retirement to ensure that benefits are adequate enough to maintain standards of living into old-age.




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Pooling of Institutional Investors Capital – Selected Case Studies in unlisted equity infrastructure

This G20 report looks at the evolution of private institutional investment in infrastructure and examines how the market has developed; analyses various investment vehicles with a snapshot of the growth experienced in the market; categorises methods used for investing in infrastructure; and, highlights the challenges and barriers to investment.




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The transition in the Mexican pensions system to one based on individual defined contribution accounts has increased its financial sustainability

The reforms to the pensions system in Mexico, especially the introduction of a system of individual defined contribution accounts, have significantly improved the system’s financial sustainability.




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Further reforms needed to tackle growing risk of pensioner poverty

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.




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Population ageing and rising inequality will hit younger generations hard

Younger generations will face greater risks of inequality in old age than current retirees and for generations born since the 1960s, their experience of old age will change dramatically.




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2018 Meeting of the G20 Global Infrastructure Connectivity Alliance

25-26 January 2018 - The first annual meeting of the G20 Global Infrastructure Connectivity Alliance will bring together policy makers and practitioners to discuss the state of play in global connectivity, innovative practices and the outlook for connectivity.




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Latvia should raise basic pension to reduce pensioner poverty

Latvia should strengthen old-age safety nets and raise the basic state pension in order to reduce pensioner poverty, especially among women, and address the challenge of a fast declining population, according to a new OECD report.




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Seminar on Quality Infrastructure Investment

This seminar, jointly organised by the OECD and the Ministry of Finance of Japan, will address quality infrastructure investment, governance, planning and technology issues as well as data collection and benchmarking for quality infrastructure. It is taking place on 12-13 September 2018, in Tokyo, Japan.




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Estonia: use robust growth to improve income equality and well-being

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.




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Professional mobility and migrants integration

A. Gurría said that attracting enough high-skilled candidates for some countries may require introducing elements of supply, as well as demand-driven migration in their immigration regimes.




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Labour migration, skills & student mobility in Asia

This report is a summary of the major policy issues raised at discussions among experts and practitioners from various international organizations and several Asian countries at the “Third Roundtable on Labor Migration: Assessing Labor Market Requirements for Foreign Workers and Policies for Regional Skills Mobility.”




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Italy needs to improve immigrant integration in society and work, says OECD

Italy should step up its efforts to help immigrants and their children integrate into society and learn the skills they need to improve their job prospects and earnings, according to a new OECD report.




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Refugees are not a burden but an opportunity

When nearly a million Vietnamese “boat people” fled their country in the late 1970s and early 1980s and sought refuge elsewhere, they were typically seen as a burden and often turned away. Eventually, many were allowed to settle in the US. Most arrived speaking little or no English and with few assets or relevant job skills. Yet Vietnamese refugees are now more likely to be employed and have higher incomes than people born in the US.




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Lithuania needs to address its demographic challenge and boost job quality

Lithuania’s economy has recovered strongly from the global financial crisis, with GDP, wages and employment levels back up to their pre-crisis levels. The country should now focus on tackling the demographic challenge of a fast-declining population and making the job market more inclusive, according to a new OECD report.




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More efforts needed to help immigrant students succeed at school and in society

Socio-economic disadvantage and language barriers are the biggest obstacles to success at school and in society for students with an immigrant background. More effective and better targeted education and social policies are needed to help migrant children integrate and fulfil their potential, according to a new OECD report.




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Catching Up? Country Studies on Intergenerational Mobility and Children of Immigrants

The countries and regions covered in this publication are Austria, the European Union, France, Germany, the Netherlands, North America and Sweden.




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Finland must focus on integrating migrant women and their children to boost their contribution to the economy and society

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.




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Society at a Glance 2014 - Key findings for Luxembourg

This note presents key findings for Luxembourg from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.




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Luxembourg has achieved high levels of growth and well-being but must do more to preserve and share prosperity

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.




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Mortality Risk Valuation in Environment, Health and Transport Policies

This publication presents a major meta-analysis of 'value of a statistical life' (VSL) estimates derived from surveys where people around the world have been asked about their willingness to pay for small reduction in mortality risks.




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The determinants of invention in electricity generation technologies: A patent data analysis - Environment Working Paper No. 45

This paper analyses the determinants of invention in efficiency-enhancing electricity generation technologies that have the potential to facilitate climate change mitigation efforts, including fossil fuel based technologies aimed at reducing carbon emissions, renewables and nuclear technologies.




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COP11 of the Convention on Biological Diversity

The eleventh meeting of the Convention on Biological Diversity was held in Hyderabad, India (COP11, from 8 to 19 October 2012).




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Launch of the 2012 Development Co-operation Report “Lessons in linking sustainability and development”

Secretary-General Angel Gurría launched the 2012 Development Co-operation Report “Lessons in linking sustainability and development” at the 48th High Level Meeting of the Development Assistance Committee in London.




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OECD Insights: Why biodiversity matters

As we celebrate International Biodiversity Day, the outlook is not very encouraging. Around 12% of birds, 25% of mammals, and at least 32% of amphibians are threatened with extinction over the next century. Humans may have increased the rate of global extinctions by up to 1000 times the “natural” rate typical of Earth’s long-term history.




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Rising air pollution-related deaths taking heavy toll on society, OECD says

Air pollution is costing advanced economies plus China and India an estimated USD 3.5 trillion a year in premature deaths and ill health and the costs will rise without government action to limit vehicle emissions, a new OECD report says.