©André Faber

Long ago I gave up trying to break through the so-called “glass ceiling” that has kept women like me out of higher management. Instead I decided to create new enterprises in which management could be reinvented by women. On 8 March 2005, I launched a business incubator devoted exclusively to projects by female entrepreneurs.

©Reuters/Adnan Abid

Just how significant is international migration in the light of other globalisation developments? One obvious starting point for answering the question is to ask how many of the current world population of 6.7 billion people are international migrants, defined as persons living outside their country of birth.

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More women go to work today than 40 years ago, but their pay has not kept pace with men’s. Some 58% of women on average in the OECD area worked in 2008, up from 45% in 1970, ranging from 70% of women in the Nordic countries to less than 50% in Greece, Italy, Mexico and Turkey. Indeed, with fewer women staying at home, dual-earner families are now commonplace in most OECD countries; only in Japan, Mexico and Turkey are single-income families more common. However, men are often still the main earners in dual-earner families because so many women work part-time and for lower wages than their husbands. In the Netherlands, a relatively egalitarian country, 60% of women work part time, compared with 16% of men.

The Spinoza Factory, together with Campagne Première Productions, have organised the Happiness at work days (journées du Bonheur au travail), in Paris from February 12-14. This three-day conference will include round tables, debates, and interventions by business leaders, psychologists, researchers, trade unions and employees.

©Andrew Biraj/Reuters

As G20 leaders look distraught at a global economy that is faced with weak growth, high unemployment and rising income inequality, they should repeat to themselves that this is not inevitable. The International Monetary Fund (IMF), while putting out another downward revision of growth forecasts, admitted that recovery is too slow and fragile, while recognising the problem of income inequality. The OECD, in its reports on New Approaches and Economic Challenges (NAEC) and its 2014 OECD Employment Outlook, acknowledges that rising inequality affects economic growth and social cohesion, sapping trust in markets and institutions.

Click to read cartoon. By StiK, especially for the OECD Observer

OECD Observer No 256, July 2006

Reinhard Cordes, Managing Partner, ONLYGLASS GMBH

A promising policy to increase employment and foster social inclusion is the promotion of business creation by the disadvantaged. The potential residing amidst disadvantaged groups such as women, seniors, youth, migrants, unemployed or people with disabilities is enormous. Several methods are available to make this potential a reality. 

Click to read cartoon. By Stik, especially for the OECD Observer.

OECD Observer No. 239, September 2003

You say working longer in life is becoming part of a trend, and that it is becoming “more normative to keep working” past normal retirement (“Older candidates, please apply” in OECD Yearbook 2014, www.oecd.org/yearbook). But that does not mean a formal retirement age should be allowed to disappear. Just like a schoolgoing age or a voting age, a retirement age gives signals to guide policymaking as well as personal life decisions.

Promoting inclusive growth; rebuilding trust; fostering sustainability: these were the three themes that drove discussions at the annual OECD Forum in May 2013. Since 2000 the OECD Forum has become a major stakeholder summit and is the traditional curtain raiser of OECD Week, being held in conjunction with the Ministerial Council Meeting. The public event provides an opportunity for people from all countries and backgrounds–business, labour, civil society, students and academics, as well as ministers–to debate and understand global challenges and to feed their views into the ministerial discussions. This year some 1,520 participants from 63 countries engaged with 176 speakers to discuss a range of pressing global issues, while millions more were able to participate online.

The collapse of Rana Plaza in Dhaka, killing over a thousand workers, was not just a human tragedy. The ready-made garments sector is hugely important in Bangladesh, both economically and socially. This gives dealing with the Rana Plaza aftermath even greater importance. 

On 24 April 2013 the Rana Plaza, a commercial building and garment factory in Dhaka, Bangladesh, collapsed, claiming some 1,130 lives and injuring thousands more. The shock was felt globally. How could this happen? Who was to blame? If the building was not fit for purpose, why was it being used? How could such a disaster be prevented from happening again?

Are global companies improving their environmental, social and governance performance? There is good reason to be optimistic, though there is much work to be done.  

Corporate social responsibility (CSR) is no longer just a marketing buzzword but has become a mainstream part of business operations in companies the world over. From so-called triple bottom line accounting through legal frameworks to stock market indices that reward responsible business conduct on social and environmental fronts, company values increasingly reflect CSR values too. But what of their global supply chains, do they hold the same high values? How can multinational companies in particular be sure that the myriad firms they source from in poorer countries do not cut corners with people’s lives or the environment? The death toll from the collapse of the brand-driven Rana Plaza garment factory in Bangladesh in 2013 was another tragic reminder that for CSR to have real value, much more needs to be done.

In this OECD Observer roundtable, we asked a range of stakeholders, from government, business, labour and civil society, for their views:

“What actions are you taking to encourage responsible business conduct and what new steps do you think are needed to strengthen corporate social responsibility worldwide?”

Ministers responsible for employment from around the world gathered at the OECD on 28-29 September to discuss the jobs crisis. In our eighth OECD Observer ministers' roundtable, we ask six representatives, from Canada (co-Chair), Italy (co-Chair), Sweden (vice-Chair), France, New Zealand, and Chile, which is a candidate for OECD accession: What new policy actions are you taking to improve the jobs situation in your country?

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Everyone needs to be sufficiently financially literate to take informed decisions for themselves and their families as to their savings, investments, pensions and more. But in many countries, women have lower financial knowledge than men, and are less confident in their financial knowledge and skills.

In the land of tabloid terrors, immigrants loom large. Flick through the pages or online comments of some of the racier newspapers, and you’ll see immigrants being accused of stealing jobs or, if not that, of being workshy and “scrounging benefits”.    

©Christopher Furlong/Getty Images/AFP

Under the guild system in medieval Europe, a journeyman was someone who, having finished his seven-year apprenticeship, travelled from town to town offering his services for a day’s wages (hence “journeyman” from the French “journée”, meaning a day). After a few years of this itinerant life, he might submit a “masterpiece” to the relevant guild, whose members would evaluate his work and decide whether to admit him to the guild and confer the title of “master” upon him.

A welcome sense of cautious optimism is building around the preparations for the G20 summit in Saint Petersburg in September, setting the tone for policymakers to take a renewed interest in coordinating their national action agendas to address pressing global challenges.

©TUAC

The last few months have been marked by slightly better news on the economy, with signs of a recovery in the EU area in particular. But these are early days and challenges remain. John Evans, General Secretary of the Trade Union Advisory Committee to the OECD (TUAC), is not holding his breath. He explains why to the OECD Observer.

One of the biggest targets for reform in the pursuit of leaner government budgets is public sector pay and performance. Because of the crisis, some countries have frozen or even reduced salaries, while others have preferred to reduce benefits, even pensions. Others have decided to do nothing for the moment.

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Job losses can prove costly for individuals, as well as to society. Financial distress, for example, can lead to health problems and crime. While policies like unemployment benefits, job-search assistance and skills training can help ease the personal impact of job loss, they can be expensive. Consequently, governments also turn to policies that protect employees from losing their jobs in the first place.

Making labour markets inclusive

In this time of chronic unemployment, it is all too easy to lose sight of the single greatest trend underlying the long-term labour market: the demographic time bomb in the developed world. Indeed, the defining employment challenge of the future will be not the surplus, but the shortage, of appropriate labour. 

More...

©Reuters/Andrea Comas

Few countries have suffered the scourge of high youth unemployment as much as Spain has. There, the unemployment rate for under 25-year-olds exceeded 50% in 2012, nearly three times the OECD average. However, the crisis has not been the only cause of this; in fact, high rates of youth unemployment are not a recent phenomenon in Spain.

©Blend images/Alamy

Larry Page and Sergey Brin were young doctoral students when they created the company we now know as Google. Virgin’s Richard Branson started out in business as a teenager selling records. These big names are just part of a long list of young entrepreneurs that made it in business, a list that could include the founders of Facebook, e-Bay, France’s Free telecom and more.

©Guri Dahl/Scanpix–Office of the Prime Minister

How can we increase employment and strengthen social cohesion? The prime minister of Norway argues that we need urgent action to ensure that an entire generation of young people remains connected to the labour market. We must also address the issue of income distribution to protect the vulnerable and guarantee greater equality of opportunity across our societies.

More... 

©Vanderlei Almeida/AFP

Growth is not enough

Brazil’s labour leaders have long argued against pursuing economic growth for its own sake. What matters most, they believe, is not the size of the economic pie but how it’s carved up. In recent years, calls for social justice have increasingly informed policy in Brazil, bringing about a veritable “revolution” in the economy.

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©Mario Tama/Getty Images/AFP

Give youth a chance

Young people are being excluded from economic life by a combination of joblessness and barriers to the creation of start-ups. Unleashing the energy, entrepreneurial spirit and technological genius of the young is not just a moral imperative, but an economic necessity.

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The current crisis has continued to affect people’s lives across the world, and nowhere is this more evident than in the deteriorating labour market in many countries. Young people have been hit particularly hard and risk being permanently scarred from joblessness and even exclusion.

Education for all

Young people from poorer families are badly underrepresented in higher education. That risks exposing them to a lifetime of reduced earnings and undermines the foundations of wider economic growth. What can be done? Economically disadvantaged students benefit from a mix of grants and loans in third-level education, but they also need better support from the earliest years of their school careers.

More...

Economic data

GDP : +0.5%, Q4 2014
Employment rate: 65.9%, Q4 2014
Annual inflation : 0.57% Feb 2015
Trade : -3.0% exp, -3.7 imp, Q4 2014
Unemployment : 7.022% Feb 2015
More moderate expansion ahead? Composite leading indicators
Updated: 23 Apr 2015

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  • Today, after three years of drought, California is in the midst of a full-blown political and environmental crisis, with restrictions imposed across the state, reports the Financial Times.
  • Why is the gap between rich and poor growing despite rises in GDP? Do benefits help? Does aid work? (The Guardian)
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  • What can we do to promote better literacy skills for all? Read Andreas Schleicher's latest blog on oecdeducationtoday.
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  • Why is investment so low in the euro area? This short IMF blog post gives you an insight into the causes of the euro-zone's drastic decline in investment.
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