©Korean government

Of the abundant resources given to mankind, what is the most underused resource of our time? Without a doubt, women! 

©David Rooney

Three out of four people access the Internet everyday across the OECD. But one-third of those daily users don't yet buy online. Why not? According to a 2014 consumer survey the top two concerns reported by EU Internet shoppers are the misuse of personal data and security of online payments. 

©Serprix

The digital economy is a transformative process, brought about by advances in information and communications technology (ICT) which has made technology cheaper and more powerful, changing business processes and bolstering innovation across all sectors of the economy, including traditional industries. Today, sectors as diverse as retail, media, manufacturing and agriculture are being impacted in some way by the rapid spread of digitalisation. In the broadcasting and media industry, for instance, the expanding role of data through user-generated content and social networking have enabled internet advertising to surpass television as the largest advertising medium.

© Klaus Ohlenschlaeger / Alamy Stock Photo

Running for elected office is a worthy but often costly business, and election campaigns increasingly rely on funding. But at what price for the political system? What are the democratic risks associated with the funding of political parties and their election campaigns? How might regulation address those risks and tip the balance in favour of the interests of all citizens, and not just the well-off? Financing Democracy sheds light on these key–and somewhat taboo–questions. 

©David Rooney

The political landscape of global governance is changing profoundly. This is posing great challenges to policy makers and organisations such as the OECD.

Ugo Rossi ©Rights reserved

Since 1982 the OECD Programme on Local Economic and Employment Development (LEED) has advised governments and local authorities on how to respond to economic challenges in a fast-changing world. One key initiative in this regard came in 2003 when it set up the Trento Centre for Local Development, with the Italian government and the Autonomous Province of Trento in Italy, with a mission to help build capacity and inform policy actions. So far the Trento Centre has issued more than 127 reviews, studies, guides and manuals; over 21,000 local development policy makers and practitioners have also benefited from Trento Centre capacity development seminars and activities.

©David Rooney

Now more than ever, the digital economy is the economy. Digital technologies, or Information and Communication Technologies (ICTs), are boosting trade, innovation, entrepreneurship, and with them growth and social wellbeing. Those benefits depend on openness. Openness has technical, economic and social dimensions, from open standards for core technologies and protocols, and competitively priced access for users, to the respect for human rights, freedom of expression and privacy. In essence, openness enables people to access, and do more things with, digital technologies: start a business online, create new products and business processes or revolutionise existing ones, express opinions, raise capital, share knowledge and ideas, conduct research, interact with government, improve skills, and much more. 

©Dennis MacDonald/Alamy Stock Photo

Connectivity is the foundation for the digital economy. The Internet has already connected more than three billion users across the globe and about 14 billion devices. 

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Given Korea’s prowess in digital goods, it should come as no surprise to see the country leading the field in e-governance. Its lead, notably in open data, owes much to government efforts and investments in digital infrastructure and systems since the 1990s. In 2014 more than 70% of all Koreans reported having used the internet at least once over the previous 12 months to interact with the public authorities, whether to obtain information on a government website, or to download or file a form, for instance. That’s far more than the OECD average of 55%. 

In October, world leaders will gather in Quito for the Habitat III summit to launch the New Urban Agenda. This is on top of the start this year of the implementation of the Sustainable Development Goals (SDGs). 

©Charlotte Moreau

Sanctions need to be imposed on offshore centres to make money laundering more expensive. And, in response to shell companies investing their wealth in the London and New York property markets, French stocks and German bonds, a worldwide financial register should also be created. 

©David Rooney

I’m sure you’ve all heard about “the open Internet.” The expression builds upon a rich pedigree of the term “open” in various contexts. It gives the impression that “open” is some positive attribute, and when we use the expression of the “open Internet” it seems that we're lauding it in some way. But are we, and if so, in what way?

©Alamy

The rapid rise of a new generation of connected, intelligent devices—collectively known as the Internet of Things, or IoT—is more than just the latest digital enabler to impact organisations of all sizes. The IoT presents vast opportunities for governments and businesses to improve internal efficiencies, serve their customers or constituents better, and enter new markets or provide new services. Such services will transform the way we work and live every day. As the IoT develops, it is essential that security-by-design be a core feature of the connected device ecosystem.

©David Rooney, originally for OECD Observer No 220, April 2000. All OECD Observers since 1962 are on www.oecd-ilibrary.org

Four decades after their adoption, the OECD’s Guidelines for Multinational Enterprises have never been more relevant to ensuring that businesses behave responsibly, wherever they operate.

If there is a silver lining to the 2008 financial crisis, it is that it was a catalyst for the unprecedented progress we have made in building robust international tax standards for the interconnected global economy of the 21st century.

In 2011 the Social Movement for Public Education led the biggest demonstrations since Pinochet’s dictatorship in Chile. Since then, one of the main campaigns in Chilean society has been for the recognition of education as a social right, under the slogan of “free, quality, public education” (educación pública, gratuita y de calidad).

©Charlotte Moreau

With the Sustainable Development Goals, the world has set itself ambitious targets for the next 15 years. But ambition will also be essential if we are to collect and process the data needed for monitoring the goals. Thanks to more than half a century of experience, the OECD is well-placed to support this global project.

©AFP

When it comes to global wealth inequality, we know how bad it’s getting, but what do we know about who is responsible? When Oxfam reports that 1% of the world population owns more than the other 99% put together, the question arises: who or what is making the rich so much richer, and the poor so much poorer?

Amoral fibre: Michael Douglas as Gordan Gekko in “Wall Street”, and Leonado di Caprio as Jordan Belfort in “The Wolf of Wall Street”. ©20th Century Fox/DPA/AFP; ©Archives du 7eme Art/PHOTO12/AFP

When I was interviewing 200 bankers and banking staff working in Europe's financial centre the City of London, perhaps the most telling was the language. Not so much the profanities– though there were many of those–nor the technical stuff and three-letter acronyms (TLAs). Most striking were terms that seemed designed to sidestep any possibility of ethical discussion. When discussing their banks’ use of loopholes in the tax code to help corporations and rich people legally evade taxes, bankers used words such as “tax optimisation” or “tax-efficient structures”. Financial lawyers and regulators who went along with whatever banks propose were “business-friendly”; cases of proven fraud or abuse became “mis-selling” and exploiting inconsistencies between two countries’ regulatory systems was 'regulatory arbitrage'.

©Ivan Alvarado/REUTERS

The world cannot resolve today’s development challenges with purely national approaches. We need to complement them with local approaches, too. We live in an era of enormous transformations, in which our traditional political structures and forms of democratic participation must adapt. That means casting a bigger focus than ever on the important role of local power and communities. Local territories and cities are essential players in the pursuit of a just and sustainable development, and their voices must be given more sway in international forums.

With internet and technology use constantly expanding, data abound. So many data are collected and stored every day that we are seeing new jobs and entire sectors emerging just to deal with them all. Data-Driven Innovation explores the potential uses for and issues of this era of “big data”, providing a resource from which to see the big picture, with the promises and risks for well-being and productivity. 

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.

A growing economy means increased need for office space, housing and infrastructure. Can Ireland meet that demand? 

Handewi Purwati Saliem, Director, Indonesian Center for Agriculture Socio Economic and Policy Studies (ICASEP) Handewi Purwati Saliem

Agriculture faces a challenging future. The world’s population is rising and pressures on natural resources are mounting, while environmental issues such as climate change loom large.

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Over the past 20 years, support provided to agricultural producers in 49 countries analysed by the OECD has been following a downward trend. 

Becoming an entrepreneur has become increasingly popular since the economic meltdown of 2008, not least in Europe.

©Roy Philippe/HEMIS.FR

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. 

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Are digital tools simplifying our interactions with public authorities? From document browsing to downloading of forms as well as administrative procedures, governments in most of OECD countries now offer a wide range of online services. 

The ancient Roman scholar Marcus Terentius Varro once wrote, “Divine Nature gave the fields, human art built the cities.” The adage is still very relevant at the turn of the 21st century. Nowadays, nearly two-thirds of the population of the OECD area lives in cities. Ten years from now there are expected to be about 500 “megacities”, each one home to over 1 million inhabitants. How do cities govern themselves as they expand beyond their boundaries?

"Regional authorities in Africa are now getting involved in the fight against climate change by making concrete commitments."

Interview with Jeannot Ahoussou-Kouadio, President of the Assembly of Regions and Districts of Côte d’Ivoire (ARDCI)

Economic data

GDP growth: +0.5% Q3 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: 22 Nov 2018

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  • Food production will suffer some of the most immediate and brutal effects of climate change, with some regions of the world suffering far more than others. Only through unhindered global trade can we ensure that high-quality, nutritious food reaches those who need it most, Angel Gurría, Secretary-General of the OECD, and José Graziano da Silva, Director-General of the United Nations Food and Agriculture Organization, write in their latest Project Syndicate article. Read the article here.
  • 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.
  • Rousseau
  • Do you trust your government? The OECD’s How's life 2017 report finds that only 38% of people in OECD countries trust their government. How can we improve our old "Social contract?" Read more.
  • 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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