The talks have stalled between Greece and its international creditors, causing uncertainty both in Greece and Europe, and indeed around the world. All eyes are now on the referendum which Prime Minister Alexis Tsipras has called for next Sunday.
Want to win a trip to Mexico? Then enter the Wikiprogress infographic and data visualisation contest and try your luck at winning one of three paid trips to Guadalajara, Mexico to attend the 5th OECD World Forum on the 13-15 October 2015. Anyone can enter, though one of the three prizes will be reserved for people under 26.
The world is rapidly becoming a different place, with globalisation and modernisation imposing huge challenges to individuals and societies. Schools need to prepare students to live and work in a world in which most people will need to collaborate with people of diverse cultural origins, and appreciate different ideas, perspectives and values; a world in which people need to decide how to trust and collaborate across such differences, often bridging space and time through technology; and a world in which their lives will be affected by issues that transcend national boundaries. These days, we no longer know exactly how things will unfold; often we are surprised and need to learn from the extraordinary; sometimes we make mistakes along the way. And it will often be the mistakes and failures, when properly understood, that create the context for learning and growth. Resilience has become key to success, the capacity to cope in an imbalanced world, recognising that the world exists in constant disequilibrium - trying, failing, adapting, learning and evolving in endless cycles.
Gender inequality is one of the most primitive and oldest forms of inequality. Sadly, it is still very much a reality in most parts of the world. In many countries women do not have equal access to education, healthcare, safety, work or political decision-making.
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.
Challenging free trade orthodoxy is a heavy lift in our political culture; anything that has been in place for that long takes on an air of inevitability. But, critical as these shifts are, they are not enough to lower emissions in time. To do that, we will need to confront a logic even more entrenched than free trade—the logic of indiscriminate economic growth. This idea has understandably inspired a good deal of resistance among more liberal climate watchers, who insist that the task is merely to paint our current growth-based economic model green, so it's worth examining the numbers behind the claim.
Anthony Gooch, Director of the OECD Forum and the Public Affairs & Communications Directorate of OECD
Angel Gurría was re-elected Secretary-General of the OECD, Tuesday 26 May, with a renewed mandate for six years.
Climate change and, more generally, environmental damage have quantifiable economic and health costs, which weigh on long-term growth and well-being. If left unchecked, climate change is projected to decrease global GDP by 0.7 to 2.5 % by 2060. At the same time, the costs to society of air pollution already appear substantial–equivalent to some 4% of GDP across OECD countries and even higher in some rapidly developing economies. Yet global action in the environmental domain proceeds only slowly–too slowly to be up to the challenges we face. Why is it so?
Productivity increases can unlock growth in Japan, the latest OECD economic survey reports.
Water, like air and food, is our life support. It covers about 70% of the surface of our planet. But only 2.5% of it is fresh water, the rest being ocean, with a small fraction of that being available as drinking water. As a fragile resource, water must be nurtured with investment, management and care. From oceans and vast rivers to the spring in the garden, we must safeguard our water as a source of well-being, prosperity and progress.
How to improve water systems is one challenge; financing them is another. Public authorities in most countries play the main role in implementing and funding water infrastructure, but it is a model that is under increasing pressure, with government budgets stretched and banks still prudent about issuing credit.
Investing in infrastructure for water is important, but how we govern water is more critical than ever.
Unequal pay between men and women continues to pose problems, despite decades of legislation by governments to address it, like the Equal Pay Act in the United States and the French labour code on wage equality introduced about half a century ago. In fact, not only are women still paid considerably less than men throughout the world, but UN predictions suggest the gap will persist for 70 years to come.
Water infrastructure (particularly piping) in our cities is old, cracking and needs to be upgraded. In some cities, leakage from distribution networks is as much as 40%.
Think back to a time when your purse or wallet was stolen, or your laptop with all your files in it lifted from your bag, or any other possession taken from you. What did you feel? Probably outrage, anger and even despair, perhaps with a surprising sense of helplessness.
On 12 March 2015, OECD Secretary-General Angel Gurría and Greek Prime Minister Alexis Tsipras signed a joint document of co-operation to strengthen the collaboration following talks in Paris between OECD experts and Greek ministers.
Poverty has been halved in less than 25 years worldwide. The enormous progress over the past few decades is mainly due to rapid economic growth in the South. China’s economy grew by 10% for decades and 600 million people were consequently brought out of poverty.
There is hardly a government around the world that has not yet felt the impact of social media on how it communicates and engages with citizens.
A global recovery is in progress, but growth is uneven, while emerging markets slow down, G20 finance ministers and central bank governors said after their meeting in Istanbul 9-10 February.
"There is no such thing as a debt crisis: The Euro Crisis, Asia's Woes and America's Dilemma in a Global Context". This was the title of a presentation given by economist Yanis Varoufakis at the OECD in March 2013, nearly two years before he became Greece's finance minister. Part of The Coffees of the Secretary-General series, you can read the complete transcript of Mr Varoufakis's presentation below.
Please join me in an ode to the giant tortoise, recently confirmed to be back from near extinction on the Galapagos Espanola Island after conservation work that began forty years ago. The population currently stands at over 1000, a spectacular recovery considering that only 15 remained in the late 1960s, when they were summarily rounded up and placed into a breeding program.
The GDP growth story over the past year or two has been one of diverging trends, with relative buoyancy returning to economies such as Sweden, the UK and the US, but with the euro area still looking off colour. How have the crisis and subsequent economic growth patterns affected the actual size of each country’s economy compared to 2007? Have OECD countries recovered their pre-crisis levels of GDP?
Innovation economist Mariana Mazzucato presented her book "The Entrepreneurial State: debunking public vs. private sector myths", at the OECD on 28 May 2014. Part of The Coffees of the Secretary-General series, you can read the complete transcript of Ms Mazzucato’s presentation below.
“It is unacceptable to allow corruption to undermine the functioning of public authority.” So said Christiane Taubira, French minister for justice, in launching the first OECD Foreign Bribery Report at the organisation’s headquarters in Paris on 2 December. “To fight against international bribery, it is important that we have international standards. The OECD work on producing this comparable data is essential”, she said.
Check out articles from our 301th edition.
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%.
Let’s face it: the bulk of small and medium-sized entreprises (SMEs) are still financed mainly by bank credit. However, as bank finance is harder to come by in the current post-crisis environment, fostering non-bank financing alternatives may help closing an SME financing gap. The OECD has been looking into such issues, using input from the private sector via its financial roundtables.
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