The Friday fish

A weekly catch from behind the headlines on
OECD Observer

No 16: Together we stand; Spain's jobless youth; Green partnerships, Healthier numbers; Trusty tractors 

Together we stand

The gap between rich and poor in OECD countries is at its highest in 30 years, with average incomes of the richest 10% of the population being about nine times greater than those of the poorest 10%. Inequality and poverty are rife throughout the world. What can be done? Read the speech by OECD Secretary-General Angel Gurría, and see this short video.

Spain’s jobless youth

Unemployment among young people in Spain is among the highest in the OECD area, at around half the youth working age population. How can their job prospects be improved? This clear and thorough working paper suggests a few key solutions, including in education.

Banking in a tough environment

The current crisis has weakened confidence in our banks, and the many banking sector problems it has unearthed, including on-going cases of financial fraud and corruption scandals, have not helped. Flaws in the way banks work have to be tackled, and this may require new approaches, argues the OECD’s Gert Wehinger in this thorough paper.

Green partnerships

Green growth is a business as well as a policy concern, so it should be no surprise that the private sector is working in partnerships with the public sector on building green global value chains. In fact, quite a stock of experience and knowledge has been built up, such as by the Dutch Sustainable Growth Coalition. This group brings together major firms such as Philips and Shell, and has clocked up five years of intensive work on green supply chains, and exploring how markets might be restructured to generate welfare for the businesses and workers, while safeguarding natural resources. Read these papers submitted to the Green Growth Knowledge Platform hosted at the OECD in April.

Healthier numbers

Good healthcare depends on having good data, but many countries still lag when it comes to monitoring healthcare inputs and outcomes and managing patient histories over time and on different databases. How can they tackle this and improve people’s healthcare? This policy briefs suggests some answers.

Trusty tractors

Several new technologies were key to Europe’s economic recovery after the second world war, and the trusty farm tractor was no exception. But tractors can be very dangerous, for instance if they roll over on uneven terrain, and polluting. Codes and tests help to reduce these risks, and the OECD has been overseeing and updating for half a century. The OECD stamp helps accelerate passage through customs too, which is good for trade. Here’s a short video to explain.

The Friday fish #16 ©OECD Observer, 5 April 2013

Economic data

GDP growth: -9.8% Q2/Q1 2020 2020
Consumer price inflation: 1.3% Sep 2020 annual
Trade (G20): -17.7% exp, -16.7% imp, Q2/Q1 2020
Unemployment: 7.3% Sep 2020
Last update: 10 Nov 2020

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