"As lawmakers, you are an integral part of the policy process. As democratically elected representatives of our citizens, you are intimately aware of public concerns about globalisation and technological progress. In short, you are ideal partners for joining forces with the OECD in building ‘coalitions for reform’", Mr Gurría said.

On the global economy, the near-term outlook was positive, but Mr Gurría highlighted four risks: oil prices, unprecedented external imbalances, a resurgence of protectionism, and property prices. Mr Gurría also urged progress on challenges, such as those related to population ageing, which is “perhaps the biggest challenge for many OECD countries”, and achieving the Millennium Development Goals, particularly improving water and sanitation and fighting poverty, which is "the ultimate systemic threat".

For the full speech, please see below.

©OECD Observer, October 2006