The cost of mistrust
Trust is at the heart of today’s complex global economy. But, paradoxically, trust is also in increasingly short supply in many of our societies, especially in our attitudes towards big business, parliaments and governments. This decline threatens our capacity to tackle some of today’s key challenges.
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It’s all about people
Ultimately the economic crisis is about people, says Espen Barth Eide, Norway’s minister of foreign affairs. That is why respecting human rights and adherence to democratic principles are fundamental when addressing the current economic crisis. We are in this together, so we need multilateral solutions more than ever.
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News that’s fit to post
The media is changing, but must assume a leading role in the unfolding narrative of the information world. That includes building trust and involving new voices in the discussion.
(909 words)Information society: Which way now?
The future will be inherently knowledge-based. Are we moving in the right direction? What must we know to be able to get there? Understanding knowledge-based capital is an important first step.
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A calm look at social unrest
In a globalised world, social unrest occurring far away can have transnational ramifications, with effects nearer to home. This has been evident in recent years with movements such as Occupy and Indignados, and the Arab Spring. Unrest could also be the consequence of a terrorist attack, but even the threat of one can lead to widespread panic. The upshot can be disorder and economic turmoil.
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Still booming
The Internet is much more than a multi-billion dollar industry. The world’s economy now depends on this global “cloud”, which was once little more than a means of connecting different computers over a phone network. Today, the digital age has vast new potential to serve as a force of progress in the global economy, but better, smarter public policies will be needed for that potential to become reality.
(339 words)Study abroad
More students are looking beyond their borders to give their education a competitive edge.
(245 words)Investment dries up
The fallout from uncertainty that continues to undermine the global economy is reflected in international investment, which is falling once again, following two years of steady gains.
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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)The globalisation of higher education
Higher education is growing rapidly, and becoming a veritable global sector in its own right. That means challenges for educators, students and policy makers.
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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)G20 and the crisis: Progress towards Mexico 2012
The worst economic crisis in half a century still holds us in its grip. In fact, with a bleak short-term outlook, global public opinion could be forgiven for questioning the ability of political leaders and policymakers to find a way out.
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Output shifts
Despite two decades of outsourcing and globalisation, the US remains the world’s largest manufacturer in 2009. However, its share of world value-added in manufacturing declined from around 22.7% of the total in 1990 to less than 20% in 2009. China’s share rose from a minute 2.7% to 17.5% over the same period, taking over Japan, hitherto the world’s second largest manufacture, whose share dropped from 17.7% to 11.4% over the two decades.
(211 words)Mergers soar
OECD economies are in the doldrums, but the trend in global mergers and acquisitions has rarely been more buoyant. International M&A investment in 2011 reached $822 billion as at 21 October. If this pace can be sustained, international M&A will top $100 billion by the end of the year, a 32% increase over 2010 (see chart).
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Africa’s emerging partnerships
There are signs of a new, more confident and self-affirming Africa taking shape. As the 2011 edition of the African Economic Outlook argues, this newness is also evident in the continent’s relationships with emerging economies.
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Multinational enterprises: Better guidelines for better lives
The OECD Guidelines for Multinational Enterprises have just been updated. What are the main changes and how might they affect international corporate behaviour?
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OECD Forum 2011: Better policies for better lives
Uncertainty about the future, eagerness to devise new ways of managing our economies, and to contribute to the debate on how to make better policies for better lives: these were just some of the discernable public moods at the OECD Forum, held on 24-25 May.
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Development: New world, new economics
In 2008, the Chinese economist Justin Yifu Lin became the first person from a developing country to be appointed World Bank Chief Economist.
(1438 words)The growth of medical tourism
The number of people travelling abroad to seek medical treatment appears to have been growing in recent years. This could be part of a growing global trend.
(900 words)Buy local?
On 27 May 1882, The Times newspaper proclaimed, "Today we have to record such a triumph over physical difficulties, as would have been incredible, even unimaginable, a very few years ago". They weren't talking about Queen Victoria avoiding a recent assassination attempt by a poet she'd annoyed or Jesse James having less luck with a friend he'd trusted. They were talking about sheep meat.
(529 words)Careful expansion
OECD faces a huge challenge of image. You insist that the organisation, known for its in-depth analyses and reliable statistics, aims to represent all relevant economies. Emerging countries, however, cultivate the impression that the OECD, despite its co-operation and development efforts well beyond its membership, is still the voice of "rich nations" only.
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Do you trust your government?







