Today is IDAHO Day
This year the parliaments of two OECD member countries passed legislation broadening the institution of marriage to include same sex couples. Such marriage is now legal in 14 countries worldwide, 11 of which are OECD members.
(211 words)What the BEPS are we talking about?
Bloomberg’s “The Great Corporate Tax Dodge”, The New York Times’ “But Nobody Pays That” and the Guardian’s “Tax Gap”: these are some examples of the wide media attention given to global tax issues in recent weeks. The public is understandably becoming alarmed, since what is at issue is how profit shifting by multinationals is eroding their national tax bases. OECD initiatives on tax policy can help.
Is evidence evident?
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?
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Well-being priority
A major step forward towards putting the measurement of well-being at the heart of policymaking was taken at the OECD’s World Forum on Measuring Well-Being for Policymaking and Development, a four-day international conference held in New Delhi in October.
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Vive la réforme
People looking for models of public governance reform may not immediately think of France, but perhaps they should think again. In July 2007, France launched a reform programme called “General Review of Public Policies” (Révision Générale des Politiques Publiques, RGPP). Implemented at central government level, it adopts a novel approach that could prove a useful model for other OECD countries.
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Up in the air?
Taking as many long-haul flights as possible could hold the answer to your knowledge management problems.
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Ad sense
Politicians have long called on the services of public relations firms, design experts and advertising agencies to help them communicate. What impact do they have, and how has their role changed? We asked one of the very biggest in the business, Saatchi & Saatchi, for some insights.
(977 words)Policy can brighten the economic outlook
After five years of crisis, the global economy is weakening again. In this we are not facing a new pattern. Over the recent past, signs of emergence from the crisis have more than once given way to a renewed slowdown or even a double-dip recession in some countries. The risk of a new major contraction cannot be ruled out. A recession is ongoing in the euro area, the US economy is growing but below what was expected earlier this year, and a slowdown has surfaced in many emerging market economies.
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©OECD, Pittsburgh G20 summit 2009
President Obama's victory
OECD Secretary-General Angel Gurría has congratulated Barack Obama on his re-election as US president. Mr Gurría said the OECD was proud to have worked with President Obama and his team over the past four years, both on the home front and in international fora such as the G8 and G20 (our photo).
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©Jim Young/Reuters
Obama vs. Romney: Is it the economy, stupid?
Are you able to make sense of the barrage of opinion poll data that is currently being published in the lead up to the US presidential election on 6 November? Bruce Stokes, Director of Pew Global Economic Attitudes at the Pew Research Center, sheds light on the poll trends and assesses to what extent issues such as the economy will be deciding factors when voters approach the ballot box.
(294 words)Resurrecting industrial policy
Can governments play a positive role in boosting their countries’ industrial sectors?
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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.
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Inequality: Why the struggle matters
The economic crisis has been rich in history-defining images, from bank collapses and house foreclosures to street protests and growing lines of the unemployed. In 2011 one image stands out: that of protestors “occupying” major financial districts around the world. These protesters are demonstrating against a system that they accuse of having enriched the few at the expense of those at the bottom of the economic ladder.
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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.
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Shock proof?
Managing risk could absorb more policy time around the world in the 21st century. How can policymakers be prepared?
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Taking a robust stance on bribery
Bribery is a modern day scourge on international trade. At a time when so many people are struggling through an economic downturn, bribery is a very real disease threatening our prosperity. It poses a serious challenge to the development of economies and contributes to market failure. It distorts competition, damages free enterprise and blights business. It stifles talent and innovation and kills entrepreneurship. In many cases it is the poorest in society who are hit the hardest
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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)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)The state’s anti-poverty effect
Poverty rates are usually a measure of personal income. But how can public services affect relative poverty, that is, when the monetary value of public services, known as “extended income” is brought into the equation?
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Behind closed doors
“Wise men don’t need advice. Fools won’t take it,” said Benjamin Franklin. Yet, from Machiavelli through Richelieu to Kissinger, people in power have always relied on good advice from people they trust. But where should the line be drawn (rather than blurred) between influence and intrigue, cost and benefit?
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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)A recipe for trust
Have the policy errors that contributed to the global economic crisis been rectified? Sharan Burrow shares her vision for building trust and restoring confidence in the countries still suffering from the crisis.
How to get it right
Austerity programmes to restore order to public finances can add to the woes of already struggling economies, leading to more job losses and social hardship. But there are ways for governments to put their fiscal houses in order, while supporting growth and reducing income inequality at the same time.
The crisis affecting OECD economies is now in its sixth year, yet sizeable efforts are still needed to put government finances back on a sustainable base, while underpinning growth. At the same time, pressure is mounting to tackle the deepening social problems with policies to reduce exclusion and inequality. It is a difficult balancing act, which few countries can ignore. Indeed, the two largest OECD economies, the US and Japan, are among those countries requiring the most fiscal consolidation of all, to the order of 10% of GDP. Consolidation requirements are also large in troubled countries of the euro area and the UK.
Climate change won't wait
The European Union may be facing some difficult economic challenges, but that's no excuse for not acting now to create an economy based on resource efficiency and low-carbon development. The benefits are potentially enormous, including lower greenhouse gas emissions, more efficient use of energy and resources, and rising growth and innovation.
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.
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.
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Rolf Alter
Public governance: The other deficit
Frustrated citizens are asking their governments: “When will we see effective policies to support economic growth and generate jobs?” There is an endless debate in individual countries and at the international level, but policy responses to the crisis continue to appear fragmented, timid and sometimes incoherent.
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Mark Pieth ©OECD
Don’t forget corruption
The crisis should not divert attention from the fight against corruption.
Mark Pieth, Chair of the OECD Working Group on Bribery, talks to Lyndon Thompson about the need to keep the ball rolling.(1052 words)
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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BIS
50 years of productive partnership
Why do some businesses, organisations, economies and even countries succeed in achieving their objectives while others do not? Important insights are provided if we treat each of these entities as a complex adaptive system, subject to the same processes as biological evolution.
(1068 words)Governments and markets: Time to get serious
How can we all learn from a crisis? Today, we find ourselves in a disappointing, if not altogether unexpected, predicament. The very governments who took bold and decisive action in the period of the financial crisis 2008-09 to bail out banks and keep financial markets alive now find themselves on the receiving end of severe punishment from financial markets. How could this be?
(1497 words)News brief - May 2011
Child poverty warning; Economy; Soundbites; Slower development aid?; Japan rebuilds; Tax burden on the rise; Estonia joins the OECD; Shinier steel outlook; Cities under-served by carbon markets; Brazil and India sign OECD chemical accord; Corruption: governments warned; Plus ça change...
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Better measures for better lives
The OECD, a pioneer in the quest to measure the progress and well-being of societies, is launching an exciting new initiative, incorporating Your Better Life Index. The initiative is not only a major step forward in assessing people’s true welfare, but involves people in the process too.
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The historic former Hotel Majestic in Paris. See caption 1 at the foot of the article. © AFP
A majestic start: How the OECD was won
It would be easy to think that the organisation created in 1961 was the inevitable next stage in the evolution of the OEEC, the European body originally set up to administer the Marshall Plan in 1947. But the OECD did not simply "replace" the OEEC. Nor was its creation inevitable or easy.
(2119 words)A new global governance?
Among key orientations presented at the latest session of the yearly Journées de l'économie, are improving global monetary surveillance ans reduction of market brutality.
(753 words)How to reform and be re-elected?
“To reform and to perform” is the goal of many a serious politician. It is not an easy task.
(1335 words)News brief - October 2010
Slower activity ahead?; Economy; Soundbites; Roundup; Corruption work praised; iLibrary launched; Israel joins the OECD; Secretary-General reappointed; Plus ça change...
(1473 words)Better policies for better lives!
As the OECD reaches 50, it must continue to become more relevant, useful and open within a new architecture of global governance, argues Angel Gurría, in this extract from remarks delivered following the renewal of his mandate as OECD secretary-general.*
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Chile: Tackling social changes
When Chile became the first South American country to join the OECD in 2010, the event was greeted as a seal on years of progress, not to mention hard work. Still, challenges remain, including in the fight against poverty, as Minister of Planning Felipe Kast explains in this interview with the OECD Observer.
(462 words)The confidence factor
According to the latest Economic Outlook, growth in the OECD will reach some 2.7% in 2010. But while the global economy may be out of intensive care, it remains very fragile, as underlined by market volatility, rising public debt and high unemployment. A key missing ingredient is confidence. What must be done to restore it?
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Clearer lobbying for cleaner policymaking
The OECD has developed new guidelines to help make lobbying more transparent and even-handed.
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Ten years on: The fight against foreign bribery
There have been major successes since the OECD’s Anti-Bribery Convention entered into force. But it will take a lot more to clean up unfair business practices.
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Why markets need governments
The recent economic meltdown was at root not a failure of character or competence, but a failure of ideas.
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Public-private partnerships
Governments may find public-private partnerships (PPPs) especially tempting in the aftermath of a financial crisis, but how can hasty choices be avoided?
(1088 words)Public sector governance
The Egyptian government is focusing on several regulatory reform and improved governance priorities. An initiative now underway, ERRAD, aims to collect and review all legislation and ministerial decrees in the areas of investment, trade and industry. A Transparency and Integrity Committee was also formed to help establish a national strategic plan for governance in civil service. Special attention is also given to reforming the social security system.
(265 words)Fighting bribery
The OECD Anti-Bribery Convention, which entered into force 10 years ago this December, was the first global instrument to fight corruption in cross-border business deals. To date, 30 OECD member countries and eight non-member countries-Argentina, Brazil, Bulgaria, Chile, Estonia, Israel, Slovenia and South Africa-have adopted the convention.
(303 words)Cleaning up government
10 years ago this December the OECD Convention on Combatting Bribery of Foreign Public Officials in International Business Deals entered into force. The Anti-Bribery Convention requires that its signatory countries make it a crime to bribe a foreign public official in exchange for obtaining, or retaining, international business. Of the 38 countries around the world that have ratified the convention to date, not one is part of the MENA region.
(1456 words)A work in progress
Morocco is facing the same challenges as most other countries in the MENA region, and hopes to follow the best and most practical paths toward the integrity, transparency, openness and partnership that will promote good governance and development.
(631 words)Nearing the bottom?
OECD activity now looks to be approaching its nadir, following the deepest decline in post-war history.
(1531 words)Good buys
Governments and state-owned enterprises buy a wide variety of goods and services, from basic computer equipment to the construction of roads. But did you know that such public procurement represents some 10% to15% of GDP across the world?
(277 words)Struggling with green goals
Ensuring Environmental Compliance: Trends and Good Practices
Despite their progress in developing green laws and policies, OECD countries are noton track to achieve some of their key environmental goals and commitments.
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A transparent roadmap to recovery
Governments must put transparency and accountability at the heart of all rescue and reform measures if they are to regain public trust and investor confidence. Here is why.
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Pensions
Pension funds suffered a blow in the financial crisis. So did public confidence. How can pensions be made more secure?
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Clearing up the banks
If the general consensus is correct-that the roots of global economic crisis are in the financial system-then it follows that to resolve the crisis the global financial governance and financial market regulation must be fixed.
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Corporate governance: Lessons from the financial crisis
If there is one major lesson to draw from the financial crisis, it is that corporate governance matters.
(1165 words)Early warning
The trouble with crises is that it is hard to predict which direction they will go. Concerted efforts can help reduce the risk of a deterioriation, but not guarantee it.
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China's prime minister, Wen Jiabao (right), greets OECD Secretary General Angel Gurría at the China Development Forum in Beijing. March 2009.
China’s investment policy
“The Chinese government rightly advocates firm opposition to trade and investment protectionism, as emphatically stated by Premier Wen Jiabao on several occasions in the past few weeks. As it did a decade ago during the Asian crisis, China has set itself firmly against inward retrenchment in the face of economic downturn. We celebrate this commitment at OECD.
(669 words)Green convertibles
Pressure is mounting to arrest climate change, so it's hardly surprising that people around the world are being urged to use public transportation. After all, an overall strategy that includes getting people to give up their trucks and cars to use electric trolley buses, tramways and rail can help make a real dent in pollution, traffic congestion and greenhouse gas emissions. But try telling that to Australians living in the outback, long miles from the nearest bus station. Even most Japanese, who have access to some of the world's best high-speed rail links and urban mass transit, own some type of private vehicle.
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Mari Kiviniemi, Finland's Minister of Public Administration & Local Government
©Finnish governmentRoundtable on regional policy
The global economic crisis is affecting families and communities across the planet. With regions bearing the brunt of the crisis, affecting businesses, jobs and people generally, regional policies are very much part of the solution.
(2753 words)Debt burdens
The financial crisis and economic downturn are likely to put upward pressure on government debt. The trouble is, according to OECD in Figures 2008, public debt (general government debt, which includes central and local government) had already risen quite sharply in the OECD as a whole since 1987, from 59% of GDP to 75% in 2007. Two decades ago, Belgium had the highest public debt, but today that position is filled by Japan, whose debt rose from below 60% to 170% of GDP. Italy’s debt has also shot above 100% of GDP in the past 20 years.
(247 words)OECD MNE Guidelines: A responsible business choice
Far from being a snubbed “CSR Cinderella”, the OECD Guidelines for Multinational Enterprises are being widely used by companies seeking to be recognised as leaders in responsible business practice and sustainable development. But if governments want them to be used even more widely, then they must take action to promote them further.
(1587 words)New pensions era
The credit crunch could usher in a new paradigm of stewardship for pension fund trustees and the dawn of a more accountable capitalism.
(1160 words)The OECD Anti-Bribery Convention 10 years on
The OECD Convention on Combating Bribery of Foreign Public Officials celebrated its 10th anniversary in November 2007**. A decade on, the aim of the Convention–to fight against active corruption (offering bribes)–is as pertinent as ever.
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Governance initiative launched
US Secretary of State Condoleezza Rice shakes hands with OECD Secretary-General Angel Gurría at the launch of a new multilateral initiative called the Partnership for Democratic Governance (PDG).The new initiative is designed to assist those developing countries that need help to improve governance, strengthen capacity and accountability, and deliver the services that are essential supports of effective government.
(266 words)South Africa joins convention
Click to view video
On 19 June 2007 South Africa became the first African country to join the OECD’s Anti-Bribery Convention. The still photo shows South Africa's ambassador to France, Nomasonto Maria Sibanda-Thusi, welcomed by OECD secretary-general, Angel Gurría.
(295 words)Making the world economy work better
As political leaders gathered in Heiligendamm in northern Germany this June and before that at the OECD in Paris in May, the concern on everyone’s minds was the future shape of the global economy.
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