- The challenges ahead
2010 started with the devastating earthquake in Haiti that killed well over 100,000 people and nearly destroyed a country. We stand in solidarity and sympathy with the people of Haiti, whose tragedy brought back memories of the tsunami just before New Year 2004. Nothing can replace the loved ones lost.
(790 words) - Jobs are the bottom line of the global crisis
Some 15 million people have joined the ranks of the unemployed in OECD countries since the end of 2007. Unemployment has already reached a record high of 8.5% as a result. Without the right policies and if the recovery fails to gain momentum, OECD unemployment could approach 10% next year. That would mean 57 million people out of work-roughly equivalent to the population of some G8 countries!
(824 words) - Making a real recovery happen
The world economy remains gripped in the deepest and most widespread economic crisis in modern times. The latest update of the OECD Economic Outlook expects GDP to plummet by an average 4.3% in the OECD area in 2009, and world economic activity to shrink by 2.7%.
(804 words) - The world needs to rewrite the rules of finance and global business
The pain and anguish of the current global economic crisis were caused by a series of massive failures in the heart of the world’s most developed countries. We are in our current fix because of an excess of financial innovation, driven by ever-increasing thirst for short-term profit.
(717 words) - Economic crisis:
The long term starts nowCan 2009 bring a ray of light to lift the gloom and end the severest financial and economic crisis in decades?
The OECD Economic Outlook issued end-2008 sees some 21 of 30 member countries already in or heading into a recession that could last a year. Business investment will contract by over 5%, and unemployment could rise by at least 8 million by 2010. This social crisis is affecting families and communities across the planet, with emerging and developing economies suffering too.(781 words) - From the financial crisis to the economic downturn
The financial crisis sweeping world markets is the worst since the Great Depression. While the crisis is biting into the real economy, hard lessons are being learned. How should policymakers move forward, particularly as room for manoeuvre is being squeezed?
(934 words) - The financial crisis and its aftermath
We welcome and support the adoption of the systemic rescue plan announced by the US government on 19-20 September , which will contribute to re-establish the normal operation of financial markets and preserve employment and economic activity.
(262 words) - The future of the Internet economy
Today, barely more than a decade after its first commercial incarnation, it is difficult to think of a policy domain that is not affected by the Internet.
The Internet and the constellation of information technologies it connects are viewed as essential ingredients in addressing some of the world's most pressing policy issues: sustainable and increasing economic growth, ageing societies, environmental management, energy efficiency, the eradication of poverty, and many more. The implications for economic and social development are far-reaching and profound, including for the next several billion users.(250 words) - Open, representative and relevant
The 2008 OECD Ministerial Council Meeting and Forum, the high points of the OECD calendar, could not be more timely. The issues we will be dealing with and the policy responses we will discuss should pave the way for a better world economy. Christine Lagarde, the minister of economy, finance and employment of France–the OECD’s host country–will chair the ministerial meeting.
(833 words) - Tackling climate change
A 50% rise in global greenhouse gas emissions by 2050, higher temperatures, with more droughts and storms harming people, crops and buildings; more animal and plant species becoming extinct under expanding farmland and urban sprawl; dwindling natural resources; a billion more people living in water-stressed areas by 2030, with more pollution, disease and premature deaths ahead.
(700 words) - Ensuring a smoother flight
If Shakespeare was right, and the world is a stage, then “Gathering Storm” could be the title of the play as we enter 2008. With a US economy flirting with recession, the euro area losing stamina under a strong euro, a barrel of oil close to $100, international food and commodity prices reaching record levels and climate change intensifying, it looks like we are heading into a turbulent zone.
(807 words) - Towards an innovation strategy
The history of human progress is also a history of innovation, and OECD countries have been rediscovering what this means for the global economy. Consider the US. For two decades the world’s largest and most advanced economy has been driving forward the frontiers of technical progress. Yet whether in information technology, pharmaceuticals or biotechnology, the US knows it must innovate to stay in front.
(885 words) - Recent speeches by Secretary-General Angel Gurría
For a complete list, see www.oecd.org/speeches
(61 words) - Making the world economy work better
As political leaders gathered in Heiligendamm in northern Germany this June and before that at the OECD in Paris in May, the concern on everyone’s minds was the future shape of the global economy.
(825 words) - Towards a smarter, fairer future
The global economy is into its fifth year of growth. The expansion enjoyed in the OECD area has benefited from the dynamism of large non-member economies, especially in Asia. Globalisation has helped these countries raise living standards and reduce poverty. Indeed, the participation of China, India and other non-OECD nations in global economic flows has been increasing at a remarkable pace, now representing around half of total world GDP (measured by purchasing power parities), about 40% of world exports and nearly half of the world’s energy consumption. They have become massive outward investors, too.
(792 words) - Winning the fight against corruption
The OECD Anti-Bribery Convention is ten years old this year. In that short time it has established itself as the first truly effective global instrument to fight corruption in cross-border business deals. But despite enormous advances, the fight against bribery must continue. And the key to further progress depends on the resolve and willpower of OECD member countries.
(853 words) - Energising change
Energy has moved to the top of our policy agendas, and with good reason. First, there is the price of oil, which though easing a little in recent months, remains historically high. This has pushed up costs for producers and consumers alike.
(837 words)
Angel Gurría Photo ©Council of Europe
Partnerships countThe OECD's core mission is to help make the world economy work better, Secretary-General Angel Gurría said in a keynote address to the meeting of the Parliamentary Assembly of the Council of Europe Strasbourg, 4 October 2006. While the organisation's work is well known, stronger partnerships with parliamentarians are needed to strengthen its impact and influence, Mr Gurría said.
(191 words)- Doha: the low hanging fruit
I am in contact with leaders and officials both from the world’s most developed nations and from developing countries. When the Doha Development Round talks collapsed in July, I was struck by the gap between what officials say when they meet at the OECD in Paris and how they define their positions in the WTO talks in Geneva.
(872 words) - Looking ahead
It is a great honour to have been given the mandate to lead the OECD following Donald Johnston’s great legacy. We are facing a number of pressing challenges, of which I will mention just a few. Starting with the global economy, I would note that although the economic outlook for this and next year is rather positive, there is no room for complacency.
(883 words)
What do you think will be the biggest policy challenge in 2010?






