Did you know that life on earth would not be possible without micro-organisms? What is currently overlooked by the public and which could play a substantial role in the future are the different applications that could be made of micro-organisms, especially in the agricultural and energy fields. 

Since 2009 the French government launched a new “auto-entrepreneurs’’ status to help small, often one-person, businesses below a certain earnings threshold to bypass many formalities of registration, in an effort to stimulate entrepreneurial activity and jobs. By mid-2014, the number of auto-entrepreneurs reached nearly 1 million, according to a French business creation agency, APCE. However, according to the national statistics office, INSEE, most of these businesses have made little if any money at all. The crisis has hardly helped, but is there a recipe for success?

With 90% of external trade volumes transported by ship, port-cities stand as symbols of globalisation. Indeed, this has been so since ancient times: French economic historian Fernand Braudel has stressed the historical link between ports, urban development and the birth of the capitalist market economy. 

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.

How much of a country can you count? The newly updated Understanding National Accounts from the OECD answers this question and gives a summary of how to calculate the accounts as well as the principles and data sources behind them.

The world’s first ATM cash machine opened in Vancouver in October 2013, offering Bitcoin conversion to and from Canadian dollars. As the global use of Bitcoin continues to increase, governments around the world have both greeted and shunned the anonymous digital crypto-currency. 

After decades of economic isolation, Myanmar has boldly re-entered the global market with a wide range of policy reforms intended to court foreign trade and investment. Reforms range from improvements in infrastructure, to food security and agricultural growth, to monetary and financial sector transformations. Rich in natural resources and a young labour force, the country of over 60 million people once called the “rice bowl’’ of Asia stands to gain much from opening its economy to the world.

Industrial policy is now back–unless, as economist Joseph Stiglitz says, it never really left. The third edition of Perspectives on Global Development from the OECD Development Centre demystifies industrial policies. Cambridge Professor Ha Joon Chang calls it a “landmark publication because it looks for ways to make industrial policy work better, rather than having an ideological debate on whether it exists and whether it can ever succeed.”

The recovery from the Great Recession has been slow and arduous, and has at times threatened to derail altogether.

©Brendan McDermid/Reuters

When the worst crisis in over 50 years struck OECD countries in 2008, people rightly asked why they had not been warned. After all, the information world is awash with economists, global traders and other experts watching the markets, and international organisations such as the OECD and the IMF are tasked with what is known as economic surveillance. 

While green growth has been paid a great deal of lip service by policymakers, business leaders and other stakeholders, few concrete strategies have been put in place. Perhaps surprisingly, even in agriculture, most OECD countries still do not have solid plans in place for pursuing green growth in this sector. 

Countries are not doing as well as they could in the battle against cancer, according to Cancer Care: Assuring Quality to Improve Survival. Cancer remains one of the leading health care challenges in all OECD countries, where more than 5 million new cases are diagnosed every year. 

The shortfalls of GDP that were already apparent before the crisis but made starker during it have led to a panoply of new initiatives to find metrics that can measure wellbeing rather than just economic growth. But while GDP has stood accused of overlooking the environment and human well-being, it has one advantage which policymakers and analysts appreciate: the methods are objective and clear. Whether measuring output or expenditure in an economy, GDP produces a single number that is easy to adjust and compare.

©REUTERS/Amr Dalsh

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. 

Obama getting through

Major events, like the Great East Japan earthquake or indeed the euro crisis, can have important ripple effects that spread well beyond the areas immediately concerned. More recently, the budget crisis that resulted in the shutdown of large parts of the US government and public services has raised the spectre of a default, the first in the country’s history.

In 1994, a simple disagreement in a marketplace in Ghana over the price of a guinea fowl turned ugly. The quarrel led to the violent death of one person, which provoked subsequent killings and then escalated into a cycle of revenge attacks. The dispute quickly grew to become what is today known as the Guinea Fowl War. By the time the Ghanaian military restored order, more than 400 villages had been burned and over 15 000 people are thought to have been killed.

Climate change is, to a large extent, water change. Water is the predominant channel through which the impact of climate change will be felt. More torrential rains, floods and droughts can be expected in many parts of the world. Not only that–climate change is reshaping the future for freshwater on the planet. 

Developing countries are a broad group. At the top of the pile are emerging powerhouses such as Brazil and China. At the bottom are a poor group called fragile states, such as Afghanistan and Somalia.

Fragile states lack capacity to carry out basic governance functions and are unable to develop constructive relation with society. They are home to half of all children not in primary school and half of all children who die before reaching their fifth birthday. In the next decade, these countries will be the main battlegrounds in the war against global poverty, breeding instability with regional and sometimes global consequences.

©Mischa Keijser/Cultura Creative/AFP

Since 1997 the Netherlands has had a tax allowance scheme aimed at promoting investments in energy-saving technologies and sustainable energy production. This so-called Energy Investment Tax Allowance, or EIA to the Dutch, reduces up-front investment costs for firms investing in the newest energy-saving and sustainable energy technologies. The basic design of the EIA has remained the same over the past 15 years: firms investing in technologies listed in an annually updated “energy list” may deduct some of the investment costs from their taxable profits.

One of the biggest targets for reform in the pursuit of leaner government budgets is public sector pay and performance. Because of the crisis, some countries have frozen or even reduced salaries, while others have preferred to reduce benefits, even pensions. Others have decided to do nothing for the moment.

©Reuters/Andrea Comas

Few countries have suffered the scourge of high youth unemployment as much as Spain has. There, the unemployment rate for under 25-year-olds exceeded 50% in 2012, nearly three times the OECD average. However, the crisis has not been the only cause of this; in fact, high rates of youth unemployment are not a recent phenomenon in Spain.

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.

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.

By 2050, 70% of the world’s population more than 5.5 billion people will live in urban areas. This population boom, combined with threats of global warming, high energy prices and tight government budgets make a convincing argument for better city planning. Governments faced with growing populations and dwindling natural resources have two choices: they can let urban sprawl continue to eat up useful land or they can plan “compact cities” that will be better for the economy and the environment. 

©Mehmet Kacmaz/NAR Photos-REA

The OECD is preparing its forthcoming Economic Survey of Turkey. What issues will be examined? We asked the OECD Economics Department to outline them. Turkey has achieved strong growth in terms of GDP and employment and its public finances are in comparatively good shape. As you prepare your forthcoming Economic Survey of Turkey, what factors would you say contributed to these successes? 

Economic data

GDP growth: +0.6% Q2 2018 year-on-year
Consumer price inflation: 2.9% Sept 2018 annual
Trade: +2.7% exp, +3.0% imp, Q4 2017
Unemployment: 5.2% Sept 2018
Last update: 13 Nov 2018

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  • Globalisation will continue and get stronger, and how to harness it is the great challenge, says OECD Secretary-General Gurría on Bloomberg TV. Watch the interview here.
  • OECD Secretary-General Angel Gurría with UN Secretary-General António Guterres at the 73rd Session of the UN General Assembly, in New York City.
  • The new OECD Observer Crossword, with Myles Mellor. Try it online!
  • Watch the webcast of the final press conference of the OECD annual ministerial meeting 2018.
  • Listen to the "Robots are coming for our jobs" episode of The Guardian's "Chips with Everything podcast", in which The Guardian’s economics editor, Larry Elliott, and Jeremy Wyatt, a professor of robotics and artificial intelligence at the University of Birmingham, and Jordan Erica Webber, freelance journalist, discuss the findings of the new OECD report "Automation, skills use and training". Listen here.
  • Do we really know the difference between right and wrong? Alison Taylor of BSR and Susan Hawley of Corruption Watch tell us why it matters to play by the rules. Watch the recording of our Facebook live interview here.
  • Has public decision-making been hijacked by a privileged few? Watch the recording of our Facebook live interview with Stav Shaffir, MK (Zionist Union) Chair of the Knesset Committee on Transparency here.
  • Can a nudge help us make more ethical decisions? Watch the recording of our Facebook live interview with Saugatto Datta, managing director at ideas42 here.
  • The fight against tax evasion is gaining further momentum as Barbados, Côte d’Ivoire, Jamaica, Malaysia, Panama and Tunisia signed the BEPS Multilateral Convention on 24 January, bringing the total number of signatories to 78. The Convention strengthens existing tax treaties and reduces opportunities for tax avoidance by multinational enterprises.
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  • Globalisation’s many benefits have been unequally shared, and public policy has struggled to keep up with a rapidly-shifting world. The OECD is working alongside governments and international organisations to help improve and harness the gains while tackling the root causes of inequality, and ensuring a level playing field globally. Please watch.
  • Checking out the job situation with the OECD scoreboard of labour market performances: do you want to know how your country compares with neighbours and competitors on income levels or employment?
  • Trade is an important point of focus in today’s international economy. This video presents facts and statistics from OECD’s most recent publications on this topic.
  • The OECD Gender Initiative examines existing barriers to gender equality in education, employment, and entrepreneurship. The gender portal monitors the progress made by governments to promote gender equality in both OECD and non-OECD countries and provides good practices based on analytical tools and reliable data.
  • 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 .
  • Visit the OECD Gender Data Portal. Selected indicators shedding light on gender inequalities in education, employment and entrepreneurship.

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