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Latin America’s future as a region of innovation will be far from secure if investment in research and development (R&D) continues at current low levels.

©UK Government Service

The new OECD/WTO database on trade in value-added is not just about changing the numbers, but policymakers’ approaches too. It gives trade fresh importance, and a place high on the agenda of the UK’s G8 presidency. 

©OCDE

Knowledge is growth

The growing awareness that knowledge-based capital (KBC) is driving economic growth is prevalent in today’s global marketplace. KBC includes a broad range of intangible assets, like research, data, software and design skills, which capture or express human ingenuity. The creation and application of knowledge is especially critical to the ability of firms and organisations to develop in a competitive global economy and to create high-wage employment.

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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?

Science and technology play a central role in our society. They are part of everybody’s life, they help to tackle the grand challenges of humankind and they create innovation and jobs and improve quality of life. Science and technology are part of our culture, and in essence define us as a species that “wants to know”–hence why we are called Homo sapiens. But do we really give science its proper value when it comes to taking political decisions?

©Blogads

In 2002 Henry Copeland, chief of Blogads and Pressflex.com, wrote about how blogs, largely unknown at the time, would change web writing and publishing forever. He was right. Then in 2008 in these pages, he told us to bet on Twitter several months before it took off (the OECD opened its first accounts in April 2009). So where is the information world taking us now? Henry provides some fresh thoughts.

©REUTERS/Amr Dalsh

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.

©REUTERS/Valentin Flauraud

Did you know that the organisation that brought you the Higgs Boson (“god particle”) also brought you the world wide web? Robert Cailliau, one of its founders, and James Gillies, a first-hand witness, retrace the story.

©Tim Wimborne/Reuters

People create policy, but underpinning their work, and in some ways hidden from view, is a well-developed, smart information and communications infrastructure. It is a fundamental driver of progress.

Did you know that, according to the UN Global Pulse, more data was created in 2011 than in the whole of human history, or at least, since the invention of the alphabet?

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Making strides in scientific innovation is no longer an initiative of just a few select high-income countries. Research and innovation have become increasingly democratised; indeed, Asia’s emerging economies are now gaining prominence as world hubs of scientific research. While the United States remains at the top in terms of the volume of scientific publications produced and collaborations made, these countries are eager to develop their own innovation capabilities, and strengthen their research and academic partnerships.

©Charles Platiau/Reuters

Getting information and communications “right” has always been a necessary condition for delivering sound policy advice; today, there are many more possibilities to generate and to share evidence-based policy insights, but there are also many more competing messages and messengers. Here are two examples.

©Govt. of Israel

Two years after Israel joined the OECD, Sharon Kedmi, Director General at the Ministry of Industry, Trade and Labor, is leading a delegation to an important OECD Employment Labour and Social Affairs Committee meeting on 26 October. He spoke with the OECD Observer.

Assets you cannot touch lie behind successful innovations. What are they and how can policy make a difference?

Fifty-three years after the first satellite was launched on 4 October 1957, space-faring nations have moved from forming a very exclusive club of technologically advanced countries to a large group of states from every continent with a wide diversity of capabilities.

On 7 April 2010, a light aircraft with an unusually wide wingspan took off from a small airfield in the Swiss canton of Vaud. During its one-and-a-half hour flight it reached an altitude of 1,200 metres and went through its paces of turns, approaches and landing. Unlike in the legend of Icarus, the sun did not melt this plane’s wings, but actually powered them. This was one of the world’s first solar-powered flights, and the OECD Observer caught up with one of the creators and pilots of the Solar Impulse HBSIA aircraft, Bertrand Piccard.

Economic data

GDP : +0.5%, Q4 2014
Employment rate: 65.9%, Q4 2014
Annual inflation : 0.60% Mar 2015
Trade : -3.0% exp, -3.7 imp, Q4 2014
Unemployment : 6.993% Feb 2015
More moderate expansion ahead? Composite leading indicators
Updated: 12 May 2015

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  • Have a look at these posters representing a world without fundamental rights at work – including child labour, forced labour and inequality. Read more about this ILO image competition here.
  • Rising inequality threatens social cohesion and growth. Income inequality has reached historical highs in most OECD countries and is still rising.
  • Time to vote! As the dust settles after the UK general election, let’s remember that voting at the ballot box is not an innate right enjoyed by everyone. Indeed, although the number of democracies across the world has spiked from 48 in 1989 up to 95 today, billions of people are still living in non-democratic, authoritarian regimes.
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  • Today alcohol causes more deaths worldwide than HIV/AIDS, violence and tuberculosis combined. In order to reduce damages to health, the OECD recommends that regular drinkers reduce their consumption by one unit a week, that is, a small glass of wine for example. In addition, increasing prices, regulating advertising, effectively treating drinking problems together with stricter police enforcement would greatly contribute to reducing damages done to individuals and society.
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  • Africa vs profit shifting African countries heavily rely on the income generated by multinationals’ taxation, which can represent as much as 88% of a country’s tax base. Little wonder Africa is involved in the OECD’s initiative to address tax base erosion caused by profit shifting, known as BEPS. The need to strengthen inter-governmental co-operation to curb cross-border tax losses was reaffirmed at the Africa Tax Administration Forum (ATAF) in Sandton on 21 April 2015.
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  • Wal-Mart, Other Retailers Sued over Bangladesh Factory Collapse Two years after the April 24, 2013, Bangladeshi factory collapse in the capital of Dhaka, the victims' families filed a lawsuit in U.S. federal court in Washington against Wal-Mart Stores Inc and other U.S.-based companies that sourced out their products from the Rana factory. Read more on Telesur's website.
  • 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.
  • Lack of water holding back Asian growth In Asia, the world’s most dynamic region with the fastest economic growth, 75% of countries face serious water shortages.
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  • Why is the gap between rich and poor growing despite rises in GDP? Do benefits help? Does aid work? (The Guardian)
  • Greek finance minister Yanis Varoufakis expressed its scepticism towards the Eurozone’s institutions and gave ideas for ways forward. "Greece must become reformable again", Yanis Varoufakis said.
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  • How to ensure transparency in public procurement? Read Cobus de Swardt's article on OECD Insights.
  • Asia to maintain a strong 6.3% growth rate in 2015 and 2016, according to the Asian Development Bank
  • After three decades of extraordinary economic development, China is shifting to a slower and more sustainable growth path, according to the OECD's latest Economic Survey of China.
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  • Iceland's strong recovery stems from the good use of its natural resources, the energy sector and tourism according to Peter Dohlman, IMF Mission Chief for Iceland.
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  • Switzerland’s recent moves towards greater tax transparency were welcomed by the Global Forum on Transparency and Exchange of Information for Tax Purposes, based at the OECD, as a boost to international efforts to end tax evasion. Work will continue with Switzerland, notably on implementation, in 2015.
  • Help bridge the gap between business integrity policies & practices:participate in this new OECD survey by clicking on the image.
  • What can we do to promote better literacy skills for all? Read Andreas Schleicher's latest blog on oecdeducationtoday.
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