The Friday fish

A weekly catch from behind the headlines on
OECD Observer

No 7: Climate change; Mitigating costs; Measuring Innovation: A New Perspective; No guarantee; Tax and jobs; Limiting export restrictions on rare earths; Development plea; Forgotten regions; Healthy comparisons 

Climate change?

The UN Climate Change Conference in Doha (COP 18) ended today 7 December. The OECD was there in force, mainly to promote financing aspects of mitigation. This brochure explains the issues. More…

And this International Energy Agency (IEA) document describes how carbon markets could be made to work.

Mitigating costs

Innovation is of key importance for climate change mitigation as long as costs are contained. Energy and Climate policy, Bending the technological trajectory calls for "green innovation" without the risk of locking economies into relatively costly mitigation paths.

Measuring Innovation: A New Perspective

This volume builds on 50 years of indicator development by OECD and goes beyond R&D to describe the broader context in which innovation occurs. It includes experimental indicators that provide insight into new areas of policy interest. More…

No guarantee

Markets are a lot less shaken by financial crises when they think the government is ready to come to the rescue. But the OECD believes that providing implicit guarantees on bank bonds are not exactly how we expect financial markets to operate. This report by Sebastian Schich and Byoung-Hwan Kim finds that guarantees for bank debt persist even though bondholders rarely suffer losses when things go wrong. More…

Tax and jobs

Taxes on labour income–including social security payments–make up about half of total tax revenues in OECD countries. That's a hefty share, and an important one in crunch times like now when lowering deficits and debt is so important. This publication examines how taxation affects employment and unemployment, and how government policies can help reduce the bite they take from your paycheck. More…

Limiting export restrictions on rare earths

Businesses and governments are concerned by the recent trends in export restrictions on strategic raw materials like rare earths, metals and food commodities. OECD is working to bring more transparency and discipline to the use of these restrictions: this web page gathers this work, including the interactive Inventory of Restrictions on Exports of Raw Materials, which reports export taxes, prohibitions, licensing requirements and other measures to regulate the export of industrial raw materials.

Development plea

World inequality is increasing and 1.4 billion people still live in absolute poverty. These concerns brought together ministers of developed and emerging countries in London for a major meeting of the OECD's Development Assistance Committee (DAC), on 4-5 December. See more

Forgotten regions

Why don't governments invest in underdeveloped regions rather than focusing only on a few main engines of growth? Underdeveloped regions have significant untapped potential for growth while some rural regions have enjoyed faster growth than predominantly urban regions. Promoting Growth in All Regions provides 23 case studies from OECD countries to prove it. A good read that challenges pre-held views about regional development.

Healthy comparisons

If you are interested in health care and enjoy comparing costs and data between countries, don't miss this Eurostat/OECD project to calculate Purchasing Power Parities (PPPs) on the basis of hospital output prices. More…

The Friday fish #7 ©OECD Observer, 7 December 2012

Economic data

GDP growth: +0.6% Q1 2019 year-on-year
Consumer price inflation: 2.3% May 2019 annual
Trade: +0.4% exp, -1.2% imp, Q1 2019
Unemployment: 5.2% July 2019
Last update: 8 July 2019

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  • MCM logo
  • The following communiqué and Chair’s statement were issued at the close of the OECD Council Meeting at Ministerial level, this year presided by the Slovak Republic.
  • 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!
  • 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.
  • 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 .
  • Visit the OECD Gender Data Portal. Selected indicators shedding light on gender inequalities in education, employment and entrepreneurship.

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