Trust in leaders
Apparently, the United States enjoys a surplus of deficits. President Obama’s first State of the Union address warned that we are weakened and endangered not only by our financial deficit, but also by a deficit in trust.
Trust comes from within
Russians are becoming increasingly active in the country’s social arena. While activists remain a small but growing and visible minority of citizens looking for changes in governance, many more are becoming involved in the day-to-day affairs of their communities.
E-governance in Egypt
The Arab Spring and the rise of new social and democratic movements throughout large parts of the Middle East and North Africa (MENA) may not have changed the world quite as much as millions had hoped, but at least they gave a new impetus to the use of information and communications technology and the potential of “e-government” to foster participation and engagement, increase transparency and restore public trust.
(381 words)
Banking, ethics and good principles
Whether you blame poor regulation, sloppy governance, greed or bad luck, banks were frontline culprits in causing the crisis. Governments have been working on reforms to fix the financial sector and improve governance, but a lot more work remains to be done. Some OECD principles can help.
(1313 words)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.
Fixing finance
There are good reasons why the public has lost confidence in banking and finance. Two issues in particular must be addressed before it can be restored– moral hazard and conflict of interest. Reforms should ensure that banks and bankers–not taxpayers–pay the price of failure and are held fully accountable for their actions.
Action for youth
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.
(856 words)A recipe for trust
Have the policy errors that contributed to the global economic crisis been rectified? Sharan Burrow, who heads the International Trade Union Confederation, shares her vision for building trust and restoring confidence in the countries still suffering from the crisis.
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)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 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.
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.
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.
©REUTERS/Mike Segar
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.
(297 words)
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?
(756 words)
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.
(308 words)
©REUTERS/Felipe Caicedo
Up in the air?
Taking as many long-haul flights as possible could hold the answer to your knowledge management problems.
(638 words)
©Saatchi&Saatchi
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.
(664 words)
©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).
(145 words)
©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?
(565 words)
©REUTERS/Andrew Winning
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)
©Reuters/Handout
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.
(782 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?
(253 words)
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?
(343 words)
©Reuters/Luke MacGregor
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.
(1515 words)
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.
(1008 words)
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.
(893 words)
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)
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.
(938 words)
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)
©Reuters/Mainichi Shimbun
Shock proof?
Managing risk could absorb more policy time around the world in the 21st century. How can policymakers be prepared?
(1385 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?
(1482 words)
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
(711 words)
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)
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.
(1541 words)
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)
Do you trust your government?







