©Oxfam

Wealthy individuals have sustained their vast riches particularly through a few important economic sectors, including finance, pharmaceuticals and health care. Billionaires with activities in these sectors increased their collective net worth by 47% between 2013 and 2014. Companies from these sectors spend millions of dollars every year on lobbying to create a policy environment that enhances their interests. Other than the obvious unfairness and absence of moral integrity of this phenomenon, should ordinary people of the world–the other 99%–care? In a word, yes, because it is corroding what lies at the heart of functioning societies in which people’s rights are safeguarded and opportunities for all must be encouraged, rather than thwarted. 

©Korean government

The potential of women must be fully tapped if we are to secure a path to sustainable development and address the ever-decreasing working-age population in the post-2015 era. Everyone will agree that harnessing the female labour force is essential for sustainable development. In the case of Korea, if by 2030 women’s economic participation rate were to increase to the men’s rate of 2010, the total labour force size would increase by about 10 percentage points in that time, according to the OECD. In addition, evidence from developed countries shows that women’s employment rate, fertility rate and gross domestic product (GDP) per capita are closely correlated. To this effect, since she took office in 2013, Korea’s first female president, Madame Park Geun-hye, has been stressing the importance of creating a society where no social or cultural limitations hinder women’s career development

This year’s OECD Forum coincides with the celebration of the 20th anniversary of the Beijing Declaration, which was an important milestone to promote gender equality worldwide. Much has been achieved since 1995, but unfortunately, a lot remains to be done to close the gender gap and increase women’s participation in our economies and societies.

The 30% Club is a group of company chairmen, chairwomen and CEOs committed to achieving better gender balance at all levels of their organisations through voluntary actions.

The BLI is an interactive online platform that offers important insights into how people perceive their own well-being and quality of life. 

©Daniel Leclair/Reuters

José Mariano Gago and OECD Secretary-General Donald J. Johnston, at the 1999 OECD/CSTP Ministerial Meeting , chaired by José Mariano Gago.

With José Mariano Gago, the world has lost a brilliant scientist and an outstanding policymaker. He did not just decisively shape the policy landscape in Portugal; his intellectual rigour, charisma and generosity profoundly influenced the search for better policies in many countries. That is why we were so saddened when we learned that Mariano Gago had passed away on 17 April 2015.

Lack of data limits the ability to measure women’s conditions in an accurate and comprehensive way, and to make informed decisions about how women and girls fare. The post-2015 development agenda will translate into an increased demand for gender statistics that are regularly produced and provide solid and objective evidence.

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.

©Stefano Guzzetti/Under licence from Shutterstock

In a time of economic turmoil, global tourism is still faring well: over 1.1 billion tourists traveled abroad in 2014, according to the World Tourism Organization (UNWTO). This is almost 5% more than in 2013, the organisation said in a press release.

©OECD

Star economist Thomas Piketty presented the English version of his global bestseller, "Capital in the Twenty-First Century", at the OECD on 3 July 2014 as part of The Coffees of the Secretary-General series. Read the complete transcript of Mr Piketty's presentation below.

In the wake of the terrorist attacks in Paris, 7 and 9 January 2015, in which 17 defenceless people were gunned down.

©Serprix.com

Schools are places of learning and producing the innovators of tomorrow. But did you know that in most OECD countries, schools lag behind workplaces and homes in the adoption of information and communication technology (ICT) tools?

The question of whether or not migration, and in particular free mobility within Europe, can play a role in reducing unemployment is a highly topical one. In the EU, harmonised unemployment rates rose between 2007 and Q3 2014 from 7.2% to 10%.

Compared to their parents, German baby-boomers are substantially more unequal in terms of long-term earnings, are subject to a much stronger pay uncertainty, and are considerably more likely to experience long spells of unemployment.

Fostering well-being at the local level is a way to build stronger and more sustainable communities. The OECD Regional Well-Being framework provides a tool to help governments at all levels design and refine the policies that will help achieve this goal.

©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.

©Stefano Guzzetti/Under licence from Shutterstock

Australia is known as the “lucky country” with its sunny climes, beautiful beaches and relaxed lifestyle. But did you know that it is also a “happy” country, at least according to well-being measures?

Australia’s Deputy Prime Minister Doug Anthony signs the accession agreement to the OECD, with US Secretary of State William P. Rogers and OECD Secretary-General Emile Van Lennep © Sabine Weiss

Australia is not a founding member of the OECD, which was created in 1961. Rather, its decision to seek membership was only taken after ten years of intermittent debate.

©OECD/Marco Illuminati

Eight giant balloons from Japan floated in the shadow of the Eiffel Tower on the weekend of 30 August, a reminder of one of the worst natural disasters of recent times–and of the determination of survivors to rebuild their region.

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

OECD Observer No 300, Q3 2014

Overall, well-being has improved over the past two centuries, but not always in the ways or for the reasons we might have thought. The Industrial Revolution sometimes meant workers were worse off and worse fed than before, for example.

We encourage the OECD and other global bodies to provide greater focus on reporting non-GDP based measures alongside GDP per capita when comparing the progress of nations so that this methodology can become more mainstream.

Time progresses inexorably. Six years have already elapsed since the onset of the global financial crisis, and employment in many countries is still far below its pre-2008 levels. Even for people who still have jobs, working conditions have deteriorated. Until recently, we were decrying a jobless recovery, but now the data suggest that growth itself may be fading in several countries. The conversation has become one of job losses among family and friends, as everyone feels exposed to cutbacks at work, falling wages, falling activity, insecurity, and the task of simply trying to make ends meet.

Only a fine performance: Actress Judy Davis in the 1979 film adaptation of My Brilliant Career © AFP/Kobal/The Picture Desk

“I am only a woman!” declares Sybylla Melvyn with deliberate irony, in the Australian classic novel, My Brilliant Career. When Miles Franklin wrote the novel in 1901, aged just 19, she was embarking on her own career path, and though successful, like Sybylla, she encountered many social, economic and cultural hurdles along the way.

Eric Abetz, Australian Minister for Employment, and Chair of the 2014 G20 Labour and Employment Ministerial Meeting ©Australian Government

The world economy is still suffering from the strains of the longest crisis of modern times, and nowhere is this more evident than in the high unemployment numbers. Over 100 million people are out of work in the G20 countries, with joblessness at historically high levels in several of them. Long-term and youth unemployment, and low female participation, pose particular challenges.

Even in countries where recovery has begun to take hold, the reduction in joblessness has been frustratingly slow, and all too often achieved via low-skill, low-paying jobs. Resilient, inclusive and smart societies need more.

Policymakers have a key role to play in introducing the reforms and measures needed to improve labour markets and bring unemployment back down. In this OECD Observer Roundtable, we asked a cross-section of ministers:

“What actions are you taking to create more and better jobs in your economy?”

©OECD Observer Roundtable No 12.

Back in middle school, my classmates and I used to make up a game called “Anywhere but here” to while away the time during cover lessons and study hall. It involved closing your eyes, flicking through an atlas, and randomly pointing your finger at a map. Then you had to invent an elaborate story about your life in wherever you would end up.

© Lionel Bonaventure/AFP PHOTO

The French are noted for their good living as well as a relatively long life span. It’s the so-called French paradox. The southwest in particular is said to have relatively more centenarians than anywhere else in the country. 

For international Blog Action Day, which this year focussed on income inequality, Brian Keeley from the OECD examines the evolution of inequality over time.

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  • Low interest rates here to stay for half a century, says OECD director Adrian Blundell-Wignall.
  • OECD speak on support it will offer to Greek
  • 3.4 bn people or 56% of the world's population live only just above the global poverty line, on US$2-10 a day. The global middle class is both smaller and poorer than thought. Read more about the results of this Pew Research Centre's new study on the Financial Times.
  • Resale of charity shop rejects has destroyed Kenya's local textile industry but a proposed ban on the importation of used garments risks putting thousands out of work. Read more about this economic dilemma on The Guardian.
  • Bill Gates visited the OECD on 26 June. He met with the Secretary-General Angel Gurría to discuss areas of collaboration with his foundation and participated at a briefing session on official development assistance modernisation with OECD experts.
  • "Countries that are home to high proportions of immigrants tend to have better integration outcomes”, according to the OECD Indicators of Immigrant Integration 2015, released on 2 July 2015. Read more on The Guardian.
  • The People’s Republic of China decided to enhance longstanding collaboration with the OECD and to join the OECD Development Centre, in a historic visit by Chinese Premier Li Keqiang on 1 July to the OECD in Paris.
  • In order to face global warming, Asia needs at least $40 billion per year, derived from both the public and private sector. Read how to bridge the climate financing gap on the Asian Bank of Development's website.
  • One dollar in aid for trade generates eight dollars in extra trade for all developing countries and 20 dollars for low-income countries. Read OECD Secretary General's post on the newly released Aid for Trade at a glance 2015.
  • Catherine Mann, OECD Chief Economist, explains on Bloomberg why "too much bank lending can slow economic growth".
  • Interested in a career in Paris at the OECD? The OECD is a major international organisation, with a mission to build better policies for better lives. With our hub based in one of the world's global cities and offices across continents, find out more at www.oecd.org/careers .
  • Come va la vita in Italia? How's life in Italy? The OECD Better Life Index is an interactive online platform in seven languages that goes beyond GDP by offering important insights into measuring well-being and quality of life. Try it for yourself!
  • What does it mean to live on less than US$2 a day? Xavier Godinot, Delegate for International Affairs of ATD 4th World and René Locqueneux, a member of this NGO, gave an insightful presentation on the topic based on their field experience, at the 2015 OECD Forum.
  • How to jump-start slack investment to drive global growth and jobs dominated discussions at the annual OECD Ministerial Council Meeting, chaired by the Netherlands, which ended 4 June.
  • The IMF calls for a decisive energy subsidy reform in order to use the freed resources to meet critical public spending needs and to reduce pollution ahead of the Paris climate change summit.
  • More than 35 million young people, aged 16-29, across OECD countries are neither employed nor in education or training according to the newly released OECD Skills Outlook.
  • 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.
  • How can we achieve a zero-carbon future? A new World Bank report provides a few insights.
  • 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.
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  • How to ensure transparency in public procurement? Read Cobus de Swardt's article on OECD Insights.
  • 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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