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Author: OECD
Publisher: OECD Publishing
Published: 2018-06-20
Total Pages: 160
ISBN-13: 9264300821
DOWNLOAD EBOOKEconomic growth picked up in 2017, but reforms are needed to sustain Korea's convergence toward the income levels in the most advanced countries. Its labour productivity is 46% below the top half of OECD countries, reflecting problems in the service sector. In addition, productivity in small ...
Author: OECD
Publisher: OECD Publishing
Published: 2018-12-10
Total Pages: 128
ISBN-13: 9264308598
DOWNLOAD EBOOKAustralia's long span of positive output growth continues, demonstrating the economy's resilience. In the absence of negative shocks, policy rates should start to rise soon, as wage growth and price-inflation pick up. Fiscal discipline will nevertheless still be required to bring balances to ...
Author: Collectif
Publisher: OECD
Published: 2018-03-11
Total Pages: 137
ISBN-13: 9264291733
DOWNLOAD EBOOKIsrael’s economy continues to register remarkable macroeconomic and fiscal performance. Growth is strong and unemployment is low. The external surplus is comfortable, and the public debt-to-GDP ratio, already well below the OECD average, is still falling. However, Israeli society remains marked by weak social cohesion and significant disparities, which penalise parts of the population and threaten the longer-term sustainability of these good results. Despite better employment outcomes among Israeli-Arabs and the Haredim, workers from these communities are often trapped in low-paid jobs due to their weak skill sets, implying persistent poverty and weak aggregate productivity. Moreover, low social transfers imply that the often large families in these communities face deprivation that contributes to child poverty. High cost of living and house prices also weigh on the social situation and well-being, and public transport deficiencies are detrimental to work-life balance and cause urban congestion and poor air quality. The authorities have continued their reform process over the last few years to address these issues. Making growth stronger, more inclusive and more sustainable will require further action and more public investment in education to improve the skills of Israeli-Arabs and Haredim together with additional product market reforms and better transport infrastructure. SPECIAL FEATURES: EDUCATION AND SKILLS; INFRASTRUCTURE
Author: OECD
Publisher: OECD Publishing
Published: 2019-12-24
Total Pages: 146
ISBN-13: 9264823514
DOWNLOAD EBOOKIndia has been a growth champion in recent years and has succeeded in taming inflation, the current account deficit and non-performing loans. India's participation in the global economy has risen, with outstanding performances in some services, while the largest diaspora in the world is an asset in developing new markets. India has also lifted many millions of people out of poverty and has made access to housing for all a priority. Ambitious structural reforms -- including better targeted household support, financial inclusion initiatives, the implementation of the Goods and Services Tax, the Insolvency and Bankruptcy Code, the new approach to federalism and the corporate income tax reform -- have played a key role.
Author: OECD
Publisher: Org. for Economic Cooperation & Development
Published: 2018-05-17
Total Pages: 0
ISBN-13: 9789264292512
DOWNLOAD EBOOK- Basic statistics of Greece, 2016 (Numbers in parentheses refer to the OECD average) - Executive summary - Assessment and recommendations - Progress in structural reforms - Boosting investment - Generating employment, raising incomes and addressing poverty
Author: OECD
Publisher: OECD Publishing
Published: 2020-08-11
Total Pages: 128
ISBN-13: 926449619X
DOWNLOAD EBOOKEconomic activity has contracted less in Korea than in other OECD countries, thanks to the prompt and effective reaction of the authorities to contain the spread of the COVID-19 virus and to the wide-ranging government support to households and businesses. Nevertheless, the pandemic generates strong headwinds.
Author: OECD
Publisher: Org. for Economic Cooperation & Development
Published: 2018-02-28
Total Pages: 0
ISBN-13: 9789264289734
DOWNLOAD EBOOKThe Finnish economy is rebounding strongly after almost a decade of lacklustre economic performance. The revival in global growth and investment, coupled with competitiveness gains, is boosting exports. Consumption remains healthy despite slow income growth and both business and residential ...
Author: OECD
Publisher: OECD Publishing
Published: 2018-02-28
Total Pages: 166
ISBN-13: 9264290508
DOWNLOAD EBOOKStrong growth and remarkable social progress over the past two decades have made Brazil one of the world’s leading economies, despite the deep recession that the economy is now emerging from. However, inequality remains high and fiscal accounts have deteriorated substantially, calling for ...
Author: Collectif
Publisher: OECD
Published: 2018-04-26
Total Pages: 174
ISBN-13: 9264290516
DOWNLOAD EBOOKStrong growth and remarkable social progress over the past two decades have made Brazil one of the world’s leading economies, despite the deep recession that the economy is now emerging from. However, inequality remains high and fiscal accounts have deteriorated substantially, calling for wide-ranging reforms to sustain progress on inclusive growth. A better focus of social expenditures towards the poor would reduce inequality and ensure sustainability of public debt at the same time. This will require difficult political choices, particularly in pensions and social transfers. Reducing economic transfers to the corporate sector, in conjunction with more systematic evaluations of public expenditure programmes, will strengthen growth, improve economic governance and limit the future scope for rent seeking and political kick-backs. Maintaining the growth potential of the economy requires stronger investment, which could also raise productivity and concomitantly, the scope for future wage increases. Simplifying taxes, reducing administrative burdens and streamlining licensing would raise investment returns, while stronger competition could generate new investment opportunities in thriving, high-performing enterprises. At the same time, trade barriers shield enterprises from global opportunities and foreign competition. Fostering a stronger integration into global trade would allow firms to become more competitive and generate new export opportunities. SPECIAL FEATURES: STRENGTHENING INVESTMENT AND INFRASTRUCTURE; FOSTERING INTEGRATION INTO THE WORLD ECONOMY
Author: OECD
Publisher: OECD Publishing
Published: 2020-12-16
Total Pages: 137
ISBN-13: 9264622004
DOWNLOAD EBOOKThe COVID-19 pandemic has caused severe human suffering and triggered a deep recession in Brazil. Economic policies reacted in a timely and decisive manner to the crisis, supporting millions of Brazilians. But a strong and inclusive recovery from the recession will require long-lasting improvements in economic policies. Improving fiscal outcomes remains one of Brazil’s principal challenges given a high debt burden, to which the pandemic has added significantly. Public spending will need to become more efficient, including by building on past progress in the fight against corruption and economic crimes. Social protection can be strengthened through a better focus on the most effective policies and benefits, which could allow significant reductions in inequality and poverty. Stronger growth will hinge on raising productivity, which has been virtually stagnant for decades. This requires addressing underlying policy challenges, including reducing regulatory burdens, reforming taxes, strengthening judicial efficiency and fostering a stronger integration into the global economy. Raising productivity implies reallocations and structural changes in the economy, which should be accompanied by well-designed training and education policies. Training with a strong focus on local skill demand can help workers master the transition and seize new opportunities to move into better jobs. SPECIAL FEATURES: BOOSTING PRODUCTIVITY; SKILLS POLICIES TO FACILITATE STRUCTURAL ADJUSTMENT
