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Towards a Better Globalisation: How Germany can respond to the critics

Citizens in many countries are expressing dissatisfaction with how they believe trade, technology and immigration are affecting their daily lives. While much of this discontent can be traced back to the global economic crisis, its root causes are more complex. What can be done at the Global, European and German level?




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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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Japan needs policies to boost productivity for inclusive growth

Labour productivity in Japan is about a quarter below the average of the top half of OECD countries, which is surprising given Japan's outstanding performance in education and skills and high level of R&D spending.




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Enhancing financial stability amid slowing growth in China

Growth in China has been slowing gradually, but GDP per capita remains on course to almost double between 2010 and 2020. As a result, the Chinese economy will remain the major driver of global growth for the foreseeable future.




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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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GDP Growth - First quarter of 2017, OECD

OECD GDP growth falls to 0.4% in first quarter of 2017




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Taking action on climate change will boost economic growth

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.




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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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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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Better but not good enough: New approaches are needed to make globalisation work for all, OECD says in latest Economic Outlook

The global economy is expected to pick up moderately but greater efforts are needed to ensure that the benefits from growth and globalisation are more widely shared, according to the OECD’s latest Economic Outlook.




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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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G20 GDP Growth - First quarter of 2017, OECD

G20 GDP growth stable at 0.9% in first quarter of 2017




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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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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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Fighting gender inequality in Sweden

Sweden ranks among the best OECD countries in terms of gender equality.




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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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Contributions to GDP growth: first quarter 2017, Quarterly National Accounts, OECD

Private consumption and investment main drivers of slowdown in OECD GDP growth in first quarter of 2017




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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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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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Growth is picking up in Austria but fundamentals need to be strengthened

After several years of subdued growth, economic output accelerated in 2016 supported by a tax reform that entered into force in 2015-16, and more recently a pick-up in international trade.




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Embracing digitalisation to boost Austria’s growth potential

Digitalisation will redesign production processes and alter relationships between work and leisure, capital and labour, the rich and the poor, the skilled and the unskilled. It creates opportunities to boost inclusive growth and well-being by raising productivity, enhancing private and public services, and democratising information.




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GDP Growth - Second quarter of 2017, OECD

OECD GDP growth accelerates to 0.7% in second quarter of 2017




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Where should Slovakia look for workers?

Employment and hours worked are already at the highest since independence. The unemployment rate has fallen below historical norms. Nevertheless, more qualified people are needed.




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Sharing the benefits of China’s growth by providing opportunities to all

Living standards in China have greatly improved over the past few decades. Both sustained economic growth and an expansion of the social security system have contributed to a sharp reduction in the number of people in poverty.




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G20 GDP Growth - Second quarter of 2017, OECD

G20 GDP growth accelerates to 0.9% in second quarter of 2017




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Retraining can enable ageing Slovenians to keep pace with new technologies

Modernisation has mainly been achieved by training young Slovenians to fill new occupations. In contrast, those with obsolete skills tend to retire or become unemployed rather than retrain, leaving Slovenia with persistent long-term unemployment, and amongst the lowest employment rates of older workers in the OECD.




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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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As Estonian exporters lead the way, policy needs to adapt

International trade plays an important role in the Estonian economy. Around a half of the private sector employment is sustained by foreign demand, twice as much as the OECD average.




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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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Latvia: time to reboot inclusive productivity growth

Latvia’s economy is growing strongly. Driven by the recovery of exports and investment as well as strong private consumption, real GDP growth is expected to strengthen from 2% in 2016 to around 4% this year and next.




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Estonia: Using fiscal space for a more inclusive growth

Estonian growth is picking up again strongly in 2017 and the level of activity has finally surpassed its pre-crisis level, almost 10 years after the outset of the financial crisis. However, poverty remains among the highest in the OECD.




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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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Boosting productivity for inclusive growth in Japan

Never in the past 30 years has productivity growth been lower than since the 2008 global financial crisis, and never has income inequality been higher than it is today in Japan, and in the OECD area




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Contributions to GDP growth: second quarter 2017, Quarterly National Accounts, OECD

Pick-up in private consumption and investment drives higher OECD GDP growth in second quarter of 2017




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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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Luxembourg: harnessing skills for more inclusive growth

Luxembourg’s workforce is highly skilled, reflecting the concentration in the country of sophisticated firms in the financial sector and other top-end international services.




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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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United Kingdom: Maintain close ties with EU to meet challenges of Brexit

The U.K. economy has weakened in the aftermath of the decision to leave the European Union. Maintaining close ties with the EU and implementing policies to boost productivity will be crucial for maintaining future living standards, according to a new report from the OECD.




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Towards more inclusive growth in Colombia

Growth has become more inclusive in recent years in Colombia. Strong growth and targeted social policies have reduced absolute poverty.




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Reigniting growth through productivity-enhancing reforms in Colombia

Over the past decade, sound macroeconomic policies and an improved business environment have helped generate relatively strong GDP growth.