Speaking truth to power
The OECD has transformed itself into a policy pathleader on a whole range of public policies–national, regional and local–with the avowed aim of promoting human progress. But is the new OECD a child or a prisoner of its past?
(1208 words)Speaking truth to power
The OECD has transformed itself into a policy pathleader on a whole range of public policies–national, regional and local–with the avowed aim of promoting human progress. But is the new OECD a child or a prisoner of its past?
To answer this, one must understand the institutional alchemy that has enabled the OECD to reinvent itself as the global problematique has changed. After five years of research, Carroll and Kellow have hit the nail on the head. The defining character of the OECD, they say, is the deep involvement of the committees of national delegates in the search for “truth”.
©Tomas Bravo/Reuters
Face to Facebook with civil society
Democracy is a good thing; transparency is too, and so is openness. Nothing too controversial in this statement, you might think. The veil of ignorance is slowly but steadily being lifted from the eyes of the general public across the world thanks to thriving media, innovation in global communications and the pressure on governments to open up and reach out.
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©Rune Kongsro
Women in work: The Norwegian experience
High female participation in the workforce has a decisive effect on a country’s performance, as Norway shows.
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The euro: A message of solidarity
The EU’s crisis has as much to do with leadership and solidarity as resolving fiscal and debt problems. It is time to dispense with caricatures and write the next chapter in the EU’s ongoing history. And for that, clear and transparent data will be needed.
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©Deutsche Bank
Is the euro crisis over?
The new euro architecture that is to come into effect from July still suffers from shortcomings, and problem countries have yet to prove that they can survive within the euro says Thomas Mayer. It would be premature to sound the all clear on the euro crisis.
(935 words)Towards growth and a “social contract” for Europe
European leaders should shift their focus from austerity to growth, not least to fight unemployment, says the ETUC, which urges a Social Progress Protocol to be attached to the European treaties.
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Look out, not in
The crisis-induced trend towards inward-looking policies poses great dangers for Europe.
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©INET
A pathway to sound economic thinking
Financial market overhang rather than excessive fiscal spending threatens confidence today. And there are sounds investments which can make society healthier.
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©www.susannawyatt.com
The limits to legislation
When it comes to fixing the economy, could the collective efforts of business and other interested parties be a better solution than passing new laws?
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©REUTERS/Carlos Barria
Protecting consumers, and the economy too
Was a major lapse of consumer protection at the heart of the subprime crisis? For consumer advocate Ira Rheingold, only better financial regulation and consumer protection will prevent future meltdowns.
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©CEP
Why measure subjective well-being?
The search for measures of progress that might replace GDP is a timely and necessary one, but only a single metric will do the trick.
(1156 words)The hurting middle class
The middle class has long been the backbone of prosperity and economic stability in developed countries. But the crisis is exert increasing pressure on this pillar of society. Does the middle class need saving?
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©REUTERS/Andrew Winning
Occupy: Some lessons for a better tomorrow
A crisis may focus minds, but it often takes more than that to believe that change is possible. Citizens worldwide have made just that leap of faith. In OECD member countries, a grassroots movement has manifested itself in the overnight occupation of public space and the exercise of direct democracy on the model of what happened in city squares across Spain just over a year ago. After those demonstrations reached Wall Street, Occupy went global and I have been fortunate enough to be involved with the movement as it developed in London.
(1068 words)Reimagining governance
Globalisation and the emergence of interlinked yet diverse civil society groups pose a serious challenge to established governance frameworks. Change appears to be the only option.
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©Reuters/Handout
In Brazil, better lives
Brazil has experienced a considerable shift over the last decade as a result of its economic growth. Social inequality has decreased and income distribution has become more evenly distributed. These tangible changes are reflected in the increased confidence of the Brazilian population. Demand is higher and priorities have changed, leading to a change in both the government and the private sector as well.
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©AIWF
Beyond the Arab Spring
Are women in Arab countries on the verge of achieving real, lasting, change and empowerment? The answer depends on whether they can keep up momentum for change and influence government policies.
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©Evaristo SA/AFP
Gender: Still some way to go
Wherever I go, in every country, women are demanding that their voices are heard. From the Arab states, where women continue to stand up for freedom and democracy, to all regions of the globe, the calls for equal rights, opportunity and participation are spreading and have brought significant change over the years.
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©INSEAD
Curious? You’d better be
Life skills and a passion for learning are the key to the global knowledge economy. Thriving in this environment demands several qualities.
(1219 words)Skills development: Rethinking the future
Global competition and the global financial crisis have put additional pressures on education programmes around the world. Radically new approaches to learning are now needed.
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©Reuters/Albert Gea
Europe: Investing in youth
Young, skilled, well-educated, well-travelled and yet jobless: these are the characteristics of the so-called “lost generation”. The challenges young people in Europe face today are many, and vary from region to region and from person to person. Many are facing high levels of unemployment; some need to fight for their basic freedoms; others for their right to build up representative youth structures, or face different types of discrimination. There are plenty of indignados out there!
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©CDRF
China: Investing in human capital
Human capital spending is needed to reshape China’s growth engine. The action can start at an early age.
(741 words)Closing tax loopholes
The economic ills of the crisis have rightly prompted public reevaluation of government spending habits and revenue collection on both sides of the Atlantic. While congressional super committees and EU delegations hash out plans to foot massive debt bills, a combination of civil society groups, the Occupy movement, and simple common sense have brought long-deserved attention to certain tax loopholes and corporate practices that cost governments billions of dollars.
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©AFP/Eric Piermont
A new narrative for world trade
World trade is changing, and so too must the way policymakers approach it, says Pascal Lamy. We asked him to explain.
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Globalisation and the resilience of a city
Globalisation has always been a process of far-reaching and often unexpected change, as well as geographical shifts in power, and this is reflected in the rise and fall of great cities. What lessons can we draw for the future?
(1708 words)Brazil’s biofuel sector: What future?
For many years Brazil was the world’s largest biofuel producer, until it was overtaken by the US in 2006. Brazil’s biofuel production reached 28.5 billion litres in 2010, which according to International Energy Agency (IEA) estimates is 27% of world biofuel production, most of which is ethanol, only a small portion (2.4 billion litres) of that being biodiesel. For 2011, however, IEA estimates show a drop of more than 4 billion litres in Brazilian biofuel production compared with the previous year. But there is good reason to believe that this drop will prove temporary.
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©REUTERS/Paulo Whitaker
Financial model
Anyone wishing to gauge Brazil’s status as one of the world’s most lucrative emerging markets should look at the growth of its financial sector.
(885 words)Protecting women's work
Half the world’s workforce, 1.5 billion working women and men, are in vulnerable employment. The global economic crisis has swelled the ranks of those whose jobs do not provide enough to meet basic needs, the “working poor”, by more than 100 million people, mainly women.
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Charles Fadel ©OECD
Skills for innovation
As technology progresses, so do labour market needs. For economies today, maintaining competitiveness means that skills must adapt and keep pace.
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©Reuters
Hunger: the real economic crisis
Hunger affects about 1 billion people around the world, and as the economic crisis continues, the push for growth can actually make matters worse.
(884 words)The new challenges of microcredit
In a relatively short time, microfinance has become a major tool of international development. But too many potential entrepreneurs still have little or no access to financing. Innovation and government policy have a central role to play in correcting this imbalance.
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©Yannis Behrakis/Reuters
The challenges for food security
What can we do in the years to come to ensure food security? In the opinion of Action contre la Faim, a number of avenues could help promote secure access to food for everyone.
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Han Seung-soo ©OECD
From the Industrial Revolution to a green revolution
The continuity of our societies and the sustainability of our planet will necessarily depend on how we, as a collective, can devise the solutions to the paramount and multifaceted difficulties that have arisen from the changes wrought by the Industrial Revolution. In fact, if we are to successfully transform these challenges into opportunities, what we need is nothing short of another revolution. And in today’s revolution the bayonets, unquestionably, need to be green.
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©Philippe Laurenson/Reuters
Waking up to climate change
While the world focuses on the ongoing economic crisis, the challenge of climate change grows increasingly desperate. A number of lessons still have to be learned.
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Green chemistry
Economic growth over the past decades has led to improved quality of life, increased prosperity and longer, healthier lives in nearly all countries. Resource constraints are making us realise that to continue to enjoy these benefits we will have to change course towards more sustainable or greener growth.
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©Mark Armstrong
A global safety net
In October 2011, a high-level panel headed by the former president of Chile, Michelle Bachelet, delivered a ground-breaking report to UN Secretary-General Ban Ki-moon, arguing that everyone around the globe should receive a living income, guaranteed through transfers in cash or in kind, such as pensions for the elderly and persons with disabilities, child benefits, income support benefits and/or employment guarantees, and services for the unemployed and working poor. Martin Hirsch, a member of that panel, explains why this proposal for a more socially responsible globalisation can work.
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Marie Gad
A better future for Africa
In many African countries, where unemployment rates can run as high as 30%, there is strong potential for entrepreneurship and employment. Development must focus on bringing down the barriers to progress.
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M. van der Hoeven ©OECD
Energy security: looking towards uncertainty
Energy markets in 2012, like the broader economic picture, are marked by significant uncertainty. From a policy perspective, global macroeconomic concerns in 2011 diverted attention away from energy policy and could do the same this year. That could have worrying impacts on policy progress, especially as recent months have ushered in record carbon dioxide emissions, worsening energy efficiency and sustained high oil prices.
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R.Trumka ©OECD
Occupational risk: the global jobs emergency
The latest phase of the economic crisis presents a dilemma: many governments judge it necessary to enter a phase of fiscal austerity while unemployment remains intolerably high, a high risk combination. AFL-CIO President Richard Trumka calls for a different way forward.
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©Yuriko Nakano/Reuters
In Japan’s footsteps
The global economy took a sharp turn for the worse following the collapse of Lehman Brothers in September 2008, and today it is increasingly apparent that the crisis has entered its second round. This time we are facing a combination of low growth and trouble in the financial sector, just as governments find themselves running out of economic policy options.
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©Luke MacGregor/Reuters
The gender dividend: an urgent economic imperative
The corporate world is far from making the most out of gender diversity in the workplace. But some businesses are finding innovative ways to change this.
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A euro at two speeds?
How can the euro crisis unfold? For David McWilliams, Irish economist and best-selling author, the answer is probably a two-speed arrangement between core and periphery.
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Yukon Huang
In the balance: China’s economic conundrum
Apprehensions about China’s unbalanced growth process concern everybody, but its causes are often misunderstood.
What can the Chinese leadership do to rebalance investment and consumption?(1012 words)
A. Krueger ©L.Downing/Reuters
Rebuilding the US economy and sustaining the recovery
As the US emerges from the deepest recession since the Great Depression, it is critical to take steps that will lead not only to recovery, but also to more robust economic growth with rising employment and broadly shared income gains.
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John Evans © OECD
Taking a wider view of progress
Perhaps one of the biggest weaknesses in traditional economic thinking is the belief that GDP per capita is the only relevant benchmark of economic performance.
Yet, there is compelling evidence to show that increases in GDP have little impact on happiness or life chances.(1096 words)
Bo Smith
Help wanted
Among the employment challenges exacerbated by the economic crisis, long-term joblessness and youth unemployment are especially troubling as their effects can linger long after the job market has recovered.
Governments would do well to focus on these problems now.(1086 words)
Peggy Hollinger
A hollowing middle class
In many countries, the middle class is feeling squeezed, and the crisis has only made matters worse. What is behind this sentiment and what can be done to reverse it?
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Cherie Blair ©OECD
Women and entrepreneurship
Discrimination against women hurts everyone. As Founder of the Cherie Blair Foundation for Women Cherie Blair explains, women entrepreneurs are an economic resource that economies, rich and poor alike, can ill afford to overlook.
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E. Ostrom ©C. Meyer/Indiana University
Are the "commons" a metaphor of our times?
Nobel laureate for Economics, Elinor Ostrom, spoke at the OECD in June. At a time when new models are needed, could her ideas on common resources and governance offer guidance?
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Do you trust your government?







