New Centre for Opportunity and Equality opens
In recent years, the OECD has pioneered monitoring of income distribution and the effects of inequality on well-being and growth. With some of its flagship publications–Growing Unequal? Income Distribution and Poverty in OECD Countries in 2008, Divided We Stand: Why Inequality Keeps Rising? in 2011 and In It Together: Why Less Inequality Benefits All in 2015–the OECD has acted as a front runner among organisations working on inequality.
On 26 October 2015, the OECD launched the new Centre for Opportunity and Equality. The event was moderated with two panel discussions to address the extent to which inequalities challenge our societies and a concluding session to underscore the need for inclusive growth. Participants included OECD Secretary-General Angel Gurría, Professor of Economics of the Paris School of Economics François Bourguignon and President of the US think tank Demos Heather McGhee. The main objective of the centre is to focus on various dimensions of inequality, from income, wealth and economic growth to employment, education, health, housing, access to public services, energy and financial markets, and the environment. It will also consider inequalities by gender, age and socio-economic background.
In more practical terms, the centre will prepare reports, with an emphasis on improving metrics and statistics for comparing countries. It will also provide a forum for policy discussion. As part of the Inclusive Growth Initiative, a series of seminars with high-level speakers–policy makers, academics and civil society–will be organised.
Malian president Ibrahim Boubacar Keïta at an international conference for the economic recovery and development of Mali, held at the OECD, 22 October 2015.
Uruguay joins OECD Development Centre
Uruguayan president Tabaré Vázquez signs Uruguay’s accession to the OECD Development Centre, 30 October 2015.
In the context of the Coffees of the Secretary-General, European Space Agency Astronaut Samantha Cristoforetti visited the OECD on 26 October, sharing her experience at the International Space Station with OECD staff.
G20 and BEPS
At their summit in Antalya, Turkey, 15-16 November 2015, the leaders of the G20 endorsed newly overhauled global standards to crack down on tax avoidance; they committed to the implementation of the Base Erosion and Profit Shifting project (BEPS) which closes gaps that allow corporate profits to be moved to low or no tax environments. Leaders also reaffirmed the OECD’s central role in helping governments ensure strong, sustainable and inclusive growth.
©OECD Observer No 304 November 2015