A New for social

Observer 205, April/May 1997
From its beginnings, the OECD has been committed to keeping in harmony and balance the objectives of maximising economic growth on the one hand and promoting rising standards of living, that is, social well-being, on the other. These twin objectives flow directly from the principle that every economic policy should have a social purpose. In the wake of World War II, most OECD countries witnessed a migration of workers from farms into the major industrial centres where they were well equipped to work on factory production lines. Economic growth was generated very much by the marriage of capital, resources and labour, much of the latter being unskilled.
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Economic data

GDP growth: -1.8% Q1 2020/Q4 2019
Consumer price inflation: 0.9% Apr 2020 annual
Trade (G20): -4.3% exp, -3.9% imp, Q1 2020/Q4 2019
Unemployment: 8.4% Apr 2020
Last update: 9 July 2020

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