Enhancing productivity for inclusive growth

OECD Ministerial Council Meeting 2016

President Michelle Bachelet of Chile and OECD Secretary General Angel Gurría ©Julien Daniel / OECD

The 2016 OECD Ministerial Council Meeting (MCM) was held at the OECD headquarters in Paris on Wednesday and Thursday 1-2 June 2016, back to back with the OECD Forum, which started on 31 May (www.oecd.org/forum).

The MCM took place under the chairmanship of Chile, with Finland, Hungary and Japan as vice-chairs. The meeting brought together OECD member and partner countries, to explore policies that respond to productivity growth and inclusion goals in mutually reinforcing ways. In a global economic context of slow growth, weak trade and investment, and persistently high unemployment, the ministers called on the OECD to explore policy solutions for enhancing productivity while fostering inclusive growth.

Special attention was paid to how to achieve higher productivity and enhance inclusiveness, at the individual (or household), firm, regional and country level. Ministers also discussed the economic outlook, the strategic orientations of the OECD Secretary-General, how to help achieve the UN Sustainable Development Goals and how to strengthen the contribution of trade and investment to productivity and inclusive growth, while making further progress on Responsible Business Conduct standards. They also discussed the future of work in response to digitalisation and rapid technological change and preparing for the Next Production Revolution.

This year’s MCM marked the accession of Latvia as the organisation’s 35th member country, and the launch of the OECD Latin America and Caribbean Regional Programme (see http://oe.cd/1AV). Ministers commended the progress made by Colombia, Costa Rica and Lithuania in their ongoing accession processes. They welcomed the OECD’s strong collaboration with the G7, G20, APEC, and the Pacific Alliance, and called on the OECD to advance further its work on the international governance architecture, and its work with emerging and developing countries, to raise the global visibility and impact of the OECD’s work and standards. Ministers agreed on the value of the OECD’s global reach and called for a strategic reflection by the OECD on its future size and membership.

References

Chair’s summary http://oe.cd/1wo

Ministerial Council Statement http://oe.cd/1wp

Strategic Orientations of the Secretary-General http://oe.cd/1wr

Declaration on Enhancing Productivity for Inclusive Growth http://oe.cd/1wq

The Productivity-Inclusiveness Nexus http://oe.cd/1ws

Other reports from the 2016 meeting, and from annual Ministerial Council Meetings held since 2009, are available at www.oecd.org/mcm/documents (scroll to bottom).

Communiqués from 1976 to 2008 are available at www.g8.utoronto.ca/oecd/index.html

For all archives, contact Library&Archives@oecd.org

©OECD Observer No 307 Q3 2016




Economic data

GDP growth: +0.7% Q2 2017 year-on-year
Consumer price inflation: 2.3% Sept 2017 annual
Trade: +1.4% exp, +1.7% imp, Q2 2017
Unemployment: 5.7% Sept 2017
Last update: 14 Nov 2017

E-Newsletter

Stay up-to-date with the latest news from the OECD by signing up for our e-newsletter :

Twitter feed

Suscribe now

<b>Subscribe now!</b>

To receive your exclusive paper editions delivered to you directly


Online edition
Previous editions

Don't miss

  • Papers show “past coming back to haunt us”: OECD Secretary-General Angel Gurria tells Sky News that the so-called "Paradise Papers" show a past coming back to haunt us, but one which is now being dismantled. Please watch the video.
  • The annual OECD Eurasia Week takes place in Almaty, Kazakhstan 23-25 October. Writing in The Astana Times, OECD Secretary-General Angel Gurría urges Eurasia countries to stay the course on openness and international integration, which has brought prosperity but also disillusionment, notably regarding inequality. The OECD is working with this key region, and Mr Gurría urges Eurasia to focus on human capital and innovation to enhance productivity and people’s well-being. Read more.
  • When someone asks me to describe an ideal girl, in my head, she is a person who is physically and mentally independent, brave to speak her mind, treated with respect just like she treats others, and inspiring to herself and others. But I know that the reality is still so much different. By Alda, 18, on International Day of the Girl. 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.
  • Read some of the insightful remarks made at OECD Forum 2017, held on 6-7 June. OECD Forum kick-started events with a focus on inclusive growth, digitalisation, and trust, under the overall theme of Bridging Divides.
  • 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.
  • How do the largest community of British expats living in Spain feel about Brexit? Britons living in Orihuela Costa, Alicante give their views.
  • Brexit is taking up Europe's energy and focus, according to OECD Secretary-General Angel Gurría. Watch video.
  • OECD Chief Economist Catherine Mann and former Bank of England Governor Mervyn King discuss the economic merits of a US border adjustment tax and the outlook for US economic growth.
  • 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 .

Most Popular Articles

OECD Insights Blog

NOTE: All signed articles in the OECD Observer express the opinions of the authors
and do not necessarily represent the official views of OECD member countries.

All rights reserved. OECD 2017