By Anthony Gooch. This time last year, the OECD Forum took place on the eve of an unprecedented series of UN and G20 international summits with the potential to shape global governance for decades to come. More...
15 juin 2016
15 juin 2016
Asia growth pessimism is not warranted
By Juzhong Zhuang and Ganeshan Wignaraja. A gloomy outlook is enveloping the world’s economies. There are concerns too that countries are failing to sufficiently focus on long term policy responses to reverse the decline in global growth. Some argue that the global growth slowdown may be permanent, highlighting the danger of a period of chronically low growth, or what economists term “secular stagnation”. More...
15 juin 2016
The size of the reversal of the supercycle is bigger than you think: And too big to be dealt with by monetary policy in advanced
By Adrian Blundell-Wignall. The real economy will always seem to be disconnected from the financial economy during periods when the need for structural change is so overwhelming that it can hardly be otherwise. We have had the easiest monetary policy of any historical era outside of hyperinflations, and productivity fails to grow, economic activity is weak (particularly in Europe and China) and there is no sign of inflation. More...
15 juin 2016
OECD Compendium of Productivity Indicators 2016: How far that little candle throws his beams
By OECD Statistics Directorate. This year’s OECD Productivity Compendium includes a special chapter that casts a spotlight on some of the potential villains stalking the stage, together with insights from the OECD Productivity Database, and frames the discussion under the umbrella of the Productivity Paradox: a reference to the fact that productivity has slowed during a period of significant technological change, increasing participation of firms and countries in global value chains and rising education levels in the labour force. More...
15 juin 2016
What do we know about how social protection systems can respond to needs during a crisis?
By Gabrielle Smith. In his report to the UN World Humanitarian Summit taking place this week in Istanbul, UN Secretary-general Ban Ki-moon writes that during crises: “social protection mechanisms and infrastructure may be unavailable or overwhelmed by the volume of demand. More...
15 juin 2016
Transferring transfer prices
By Melinda Brown and Ian Cremer. International trade is one of the pillars of globalisation and one of the jobs of customs officers is to help trade contribute to socio-economic development by making sure that goods flow efficiently across borders. Ensuring that customs duties are collected in a fair, effective, and efficient manner is a major part of this task. More...
15 juin 2016
What does mainstreaming biodiversity mean?
By Patrick Love. Before there was the Insights blog, there were the Insights books. One of the first, on sustainable development, mentioned “a magical place, seemingly untouched for thousands of years”, on the Poland-Belarus border. More...
15 juin 2016
What is blocking business investment and productivity growth?
By Adrian Blundell-Wignall. More than seven years after the global financial crisis reached its trough the world economy is still sputtering. Banking systems in advanced economies have been strengthened and recapitalised, regulatory reforms of financial systems are well into their implementation stage and monetary policy remains highly supportive. More...
15 juin 2016
How can the Netherlands move its school system “from good to great”?
By Montserrat Gomendio. A new OECD review of the Netherlands education system offers a roadmap towards excellence. Netherlands 2016: Foundations for the Future, based on data from both PISA and the Survey of Adult Skills, confirms that the country already enjoys a high-quality and highly equitable education system. More...
15 juin 2016
No gain without (some) pain
By Bonaventura Francesco Pacileo. When Tim Duncan, captain of the the US National Basketball Association’s San Antonio Spurs, was spotted wearing a T-shirt saying “4 out of 3 people struggle with math”, everyone realised that he was counting himself among those who have a hard time with fractions, making the joke even funnier. More...
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