After years of solid growth, worldwide economic activity has slowed down sharply in 2019 while global trade has stalled. Policymakers have the difficult task of addressing the immediate policy challenges to support economic growth while also preparing our economies for the future. This column argues that while monetary policy is widely recognised as facing increasing constraints, fiscal policy and structural reforms need to play a stronger role. More...
Income has increased fast in recent years and millions of Indians have been lifted out of poverty. India has also become a key player in the global economy. The implementation of an ambitious set of reforms has supported economic activity and helped put a break on inflation and on both fiscal and current account deficits. More...
The recent decision of the European Central Bank (ECB) in September 2019 to lower the deposit rate from -0.4% to -0.5% triggered another round of criticisms in some countries about the negative impact of negative interest rates on banks’ profits. More...
Developing countries are at the forefront of the ongoing battle to address climate change. Roughly 60% of the new infrastructure built before 2030 will be in the developing world, and it is these investment decisions that will determine our collective ability to address the climate emergency. Developing countries must invest in climate-compatible infrastructure, rather than locking in emissions and creating stranded assets. More...
During the question and answer session at a conference on sustainable infrastructure last year, a young audience member asked the question: “Why is the OECD, an economic organisation, working on environmental issues?” At first blush, this question might seem to be trivial or provocative or uninformed, depending on one’s mood at the time. More...
Hear the buzz? Results from PISA 2018 are out today.
We’ve made it easy for you to get as much information about the findings as you want. For a quick read, we’ve compiled the executive summaries of the three volumes of results released today. If you’d like to know Andreas Schleicher’s thoughts on the results and what they mean for education policy, see his PISA 2018: Insights and Interpretations. If you want to dig even deeper, the three volumes of the PISA 2018 Results give you ample data to mine. More...
As we are putting the finishing touches on the analysis of the data from the latest PISA round, due to be published on 3 December, people from all over the world have started calling in to find out what the major surprises will be. But there are few surprises in international comparisons like PISA. More...
One of the most debated findings from PISA has been that teacher-directed instructional practices tend to better predict student achievement than student-oriented learning. Some consider this a statistical fluke; but it has been a consistent finding. More...
We have long known that parents play a fundamental role in children’s cognitive, social and educational development, particularly at the youngest ages. One new question is whether, and to what extent, the digital revolution had changed traditional parenting. A recent publication, Educating 21st Century Children: Emotional Well-being in the Digital Age explores the role of modern parents in children’s emotional well-being, and how they are key players in protecting children from harm both online and off. More...
The Netherlands stands out as a country known to have some of the “happiest children in the world”. It is also amongst the top six countries for average student performance in science, mathematics and reading according to 2015 results from the Programme for International Student Assessment (PISA). At the same time, the country has hosted generations of children with an immigrant background and has had years of experience addressing immigration and integration issues. More...
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