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  • 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”.

    More...

  • 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)
  • ©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. 

    (966 words)
  • ©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.

    (1042 words)
  • Africa.radio

    Though mobile technology is making waves in Africa, airwaves still count.

    (644 words)
  • 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.

    (1740 words)
  • ©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)
  • ©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)
  • ©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. 

    (782 words)
  • ©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. 

    (1035 words)
  • ©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. 

    (1251 words)
  • ©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! 

    (835 words)
  • ©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)
  • Click to enlarge

    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. 

    (1355 words)
  • ©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. 

    (952 words)
  • ©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. 

    (1193 words)
  • 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. 

    (1008 words)
  • Look out, not in

    The crisis-induced trend towards inward-looking policies poses great dangers for Europe. 

    (816 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. 

    (1183 words)
  • 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)
  • ©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. 

    (832 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. 

    (762 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.

    (1367 words)
  • ©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)
  • 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. 

    (1099 words)
  • ©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)
  • 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?

    (952 words)
  • ©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. 

    (896 words)
  • ©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?

    (1111 words)
  • ©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.

    (893 words)
  • ©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)
  • 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. 

    (893 words)
  • ©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. 

    (1033 words)
  • Charles Fadel

    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. 

    (935 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.

    (981 words)
  • Maria van der Hoeven

    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. 

    (932 words)
  • Marie Gad

    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. 

    (802 words)
  • ©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. 

    (894 words)
  • 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. 

    (1142 words)
  • ©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. 

    (1016 words)
  • ©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. 

    (879 words)
  • R.Trumka

    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. 

    (849 words)
  • John Evans

    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)
  • Alan B. Krueger

    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. 

    (1163 words)
  • Yukon Huang

    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)
  • Cherie Blair

    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.

    (849 words)
  • Peggy Hollinger

    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?

    (1129 words)
  • Bo Smith

    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)
  • 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?

    (1005 words)
  • ©REUTERS/Stringer Shanghai

    Lies and dam facts

    Common sense and dealing with the right people would help unblock badly needed investment in water in developing countries. Mr Briscoe explains. 

    If America’s great civil works such as the Hoover Dam, the Grand Coulee Dam or the Tennessee Valley Authority were proposed today, they would most likely remain ink on paper.

    (1513 words)
  • Fatima Boscaro, founder of AFENA Flammarion/Michèle Constantini

    Cooking lesson

    A new kitchen can raise the value of any home, but in developing countries it can also save lives. That is why in 2010 the OECD’s very own staff charity, the War on Hunger Group, decided to contribute funding to fitting a new kitchen in the headquarters of AFENA, an NGO dedicated to looking after abandoned women and children, and based in Niger’s second city, Maradi.

    (549 words)
  • REUTERS/Daniel Munoz

    Bank crisis: Why private creditors should share the burden

    The financial crisis has taken a heavy toll on government finances and taxpayers are still footing the bill. Could private investors do more to help out? Mohamed El-Erian, CEO and co-CIO of PIMCO, believes they should. He explains to the OECD Observer.

    (991 words)
  • Never mind quality as universities expand

    The OECD’s general conference, Higher Education in a World Changed Utterly: Doing more with less, identified one of the great challenges of expanding university systems: can higher education provide value while admitting more students and cutting back on spending in a recessionary climate? The problem is that no one knows how to measure the “value” of higher education.

    (1056 words)
  • Don’t forget, employees make healthcare work

    Healthcare must be maintained as an essential public good

    (498 words)
  • Rare diseases : A hidden priority

    Until recently, public health authorities and policy makers have largely ignored rare diseases. It is time to afford them higher priority. Here is why.

    (1328 words)
  • Globalising healthcare: A prescription with benefits

    The healthcare sector rarely features prominently in trade policy. This is unfortunate, since the enormous differences in healthcare costs between countries imply that there are large potential gains from increased trade, writes economist Dean Baker.

    (1243 words)
  • ©AFP

    Health and IT: Showing the way forward

    That the health of citizens in OECD countries is improving is not in question. How sustainable healthcare systems are, however, is more of an issue. How can information technology help?

    (909 words)
  • Gaining currency

    “Special drawing rights”, a little-known quasi-currency, are important for developing countries and could become one of the world’s reserve monies.

    (1373 words)
  • Partnerships for jobs

    A global crisis of long-term unemployment is looming. How can public-private partnerships help?

    (1161 words)
  • Sailing into the future

    Innovation is not just about new gadgets, but also about using old technologies in new and improved ways. Sails are a case in point, as SkySails GmbH & Co. KG explains.

    (905 words)
  • Towards smarter supply chains

    Innovation in organisation and management will be needed if sectors are to adjust to new, oil-challenged realities. Supply chains will evolve as a result, notably in transport.

    (1095 words)
  • Transport innovations

    “The Red Arrow”, a poem by Paul Durcan, an Irish poet, opens with the line “In the history of transport–is there any other?” Anyone looking at innovation in transport would do well to consider this line. Is history really the history of transport, more than, say, the history of wars and kings, as some would have it? It is a tempting proposition.

    (1969 words)
  • Corporate social innovation

    Companies and non-governmental organisations are forging new types of relationships. Do they really work for the benefit of both?

    (908 words)
  • Growing local

    Managing local ecosystems can help create jobs and spur sustainable economic growth.

    (1439 words)
  • Financial literacy and silver rights

    Financial literacy might not help ordinary people outsmart Wall Street professionals, but it can help people manage their funds.

    (1220 words)
  • Beating the jobs crisis

    Despite signs of recovery, make no mistake: this crisis is far from over. We are in the midst of the most serious jobs crisis since the Great Depression and the economic recovery is still very weak and fragile.

    (948 words)
  • Long-Term Investors Club, left to right: Ulrich Schröder (CEO KfW Bankengruppe), Philippe Maystadt (President EIB), Augustin de Romanet (CEO Groupe Caisse des Dépôts and President of the LTIC), Franco Bassanini (CEO Cassa Depositi e Prestiti) ©Caisse des Dépôts/Olivier Londe

    Investing in a durable recovery

    The Caisse des Dépôts, a publicly-led longterm investment group, which has entered a partnership with the OECD focusing on the role of long-term investors, has founded, together with three other European public financial institutions–Cassa Depositi e Prestiti, KfW Bankengruppe and the European Investment Bank–the Long-Term Investors Club. What is it all about?

    (699 words)
  • Capitalism 4.0

    Rumours of capitalism’s demise may be premature. The question now is: what kind of capitalist system will emerge from the current crisis?

    (1358 words)
  • Saving capitalism from futile diversification

    Current theories of portfolio management are at odds with the wellbeing of citizens. Only government policy can address this.

    (1501 words)
  • Why markets need governments

    The recent economic meltdown was at root not a failure of character or competence, but a failure of ideas.

    (1144 words)
  • Aquaculture: A catch for all?

    Could fish farming help secure the food supply of the future? Yes, but there are challenges.

    (712 words)
  • Roundtable on agriculture

    In the years ahead, the global food and agriculture system will have to provide sustainably for billions more people and meet greater demands on quality, affordability and availability. Farming will be competing with other sectors for land, water and investment, while climate change adds new pressures.

    Ministers and stakeholders from OECD member countries and key emerging economies gather in Paris on 25-26 February to discuss how best to respond to the challenges. We asked ministers from five of them–Austria and New Zealand as co-chairs, Canada, Germany and Chile–and leading representatives from Concern Worldwide, the International Federation of Agricultural Producers, John Deere, and the World Trade Organization:

    “What actions are you prioritising to prepare the food and agriculture system for the needs of a rapidly changing world?”

    (3840 words)
  • After Copenhagen: The European business perspective

    European businesses were disappointed with the climate change agreement hammered out in Copenhagen. Here’s one way forward.

    (768 words)
  • David Rooney

    A new social contract?

    Emblazoned on the front of the Internal Revenue Service building in Washington DC is a quote from American poet, author and judge, Oliver Wendell Holmes: “Taxes are what we pay for a civilized society ” It is the potential to inspire better governance through raising revenue that matters to civil society, and everyone has a role to play. To act as responsible corporate citizens, companies must pay the right amount of tax and be transparent about it. Yet Christian Aid estimates that developing countries lose as much as $160 billion–greater than the global aid budget–to companies dodging tax.

    (657 words)
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