At the OECD’s origin, we find the 1947 Marshall Plan that re-industrialised a war-torn Europe. At the very core of the Marshall Plan was a profound understanding of the relationship between a nation’s economic structure and its carrying capacity in terms of population density. We argue that it is necessary to rediscover this theoretical understanding now, in the mutual interest of Africa and Europe. More...
Posted by . New technologies, globalisation and population ageing are affecting the type and quality of jobs that are available, and the skills required to do them. In many countries the number of manufacturing jobs, for example, is decreasing. New jobs requiring new combinations of skills, such as data scientists or social media managers, are emerging in their place. More...
By . Bali, where the 2018 OECD Economic Survey of Indonesia is being released, is emblematic of Indonesia’s success in creating a popular tourism brand. The number of foreign tourists arriving in Bali soared from 2.5 million in 2010 to 5.7 million in 2017. In 2014, the authorities committed to replicate this success in “10 new Balis” with the aim of doubling tourist numbers to 20 million by 2019. More...
By . Located at the centre of the Baltic States, Latvia’s capital city Riga and its surrounding municipalities are a strategically important logistic centre with access to markets in Europe and Russia. It is the largest city in the Baltic States and the third largest in the Region of the Baltic Sea. More...
By . Global growth is projected to be at 3.7% in 2018 and 2019 in our latest Interim Economic Outlook, which remains an elevated pace. At the same time, it also reflects weaker prospects than anticipated just a few months ago, and some fragilities. Growth performance has become less synchronised across the world: while it remains strong in the United States, India and China, it has faltered in many other economies. More...
By . Economic research has established that a large part of income disparities between poor and rich countries can be attributed to differences in governance and in the quantity and quality of human capital. In the latest long-run reference scenario published by the OECD, GDP per capita growth is relatively strong in the BRIICS in the coming decades, but living standards nevertheless remain less than half those of the United States in 2060, in part because of remaining gaps in governance and educational attainment. But the BRIICS can accelerate economic catch-up by improving these aspects of the economic environment, as demonstrated in an alternative scenario. More...
By . Inflation may be present in some parts of an economy but not others. Contributions to annual inflation show how much different product groups contribute to overall inflation in a given year. More...
By . To assess the cyclical position of an economy, macroeconomists use a concept called potential output, which measures the economy’s production rate that is consistent with stable inflation at the target. When actual output is below potential, the ‘output gap’ is negative, the economy is depressed and, without prompt intervention by the central bank, inflation would tend to sag below target. More...
A new report, Seven Questions about Apprenticeships: Answers from International Experience, reveals insights into the purest form of work-based learning: apprenticeships. Drawing on evidence from across OECD countries, the report identifies and answers seven major questions around apprenticeship programmes, with a focus on key elements to success. More...
When people said Finnish teaching methods couldn’t work in American classes, I wanted to see if I could prove them wrong. So I moved to Finland on a Fulbright grant to learn how teachers there teach problem-solving skills. Then, I returned to the US to adapt these methods to my high school biology classes in southern California. The learning results were so positive and unexpected that I (literally) ran with the final exams to show the principal how well the students had succeeded. More...
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