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OECD Ministers reinforce importance of investment for strong, green and inclusive growth

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.




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Jobs outlook improving slowly but millions risk being trapped at bottom of economic ladder

The jobs recovery is slowly gathering pace, but employment will remain well below pre-crisis levels in many countries, especially in Europe, through to the end of 2016, according to a new OECD report.




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How the Labour Market Drives Mismatch and its Penalties

Why are workers mismatched in the first place? Many, if not most, students choose a field of study based on what they want to become and do to earn a living. Yet almost four in ten workers end up doing something unrelated. This is sometimes by choice but not always.




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The growing importance of social skills in the labour market

The fact remains that robots have persistently failed to imitate the most human of skills, such empathy, teamwork, relationship building, etc. While technology may be reducing the demand for some routine skills, it is simultaneously increasing the demand for more difficult-to-automate social skills.




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Why are the returns to skill lower for younger than for older workers?

Older workers earn more than younger workers with the same skills. So what explains the lower return to skill among younger, less-experienced workers? Employers may need time to learn about (and reward) the true skills of young workers. “Experience and the returns to education and skill in OECD countries, Evidence of employer learning?” published in the OECD Journal: Economic Studies.




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Further reforms needed to tackle growing risk of pensioner poverty

Recent reforms have made pension systems more financially sustainable and pensioners have higher living standards than ever before. But future generations are likely to find their pension entitlements much less generous than today’s and many may face a serious risk of pensioner poverty, according to a new OECD report.




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Skills for growth: human capital composition and economic performance

Skills for growth: human capital composition and economic performance




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New data show importance of quality as well as quantity of jobs and how both evolved during crisis

Good pay, labour market security and a decent working environment can go hand in hand with high employment, according to new OECD findings on the quality of jobs in 45 countries.




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Sweden in a strong position to integrate refugees, but support for the low skilled needs to be strengthened

Sweden should address housing shortages, begin integration activities early, and improve the support for those with low skills to speed up the effective integration of refugees, according to a new OECD report.




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How to implement Social Impact Bonds (SIB) in Poland?

The purpose of the seminar is to provide the practical information about how to implement SIBs in Poland using international experiences. The seminar is addressed to the potential applicants interested in the implementation of SIB within the call for proposals planned to be launched by the Ministry of Economic Development.




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Growing together: making Lithuania’s convergence process more inclusive

Although Lithuania’s growth has been impressive, inequality is high, the risk of poverty is one of the highest of European countries, and life expectancy is comparatively low and strongly dependent on socio-economic background.




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Job market recovering but wage growth remains weak

Labour markets are continuing to recover from the crisis and employment is set to return to pre-crisis levels in 2017, but wage growth remains weak, according to a new OECD report.




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Some well-known (and some lesser-known) facts about digitalisation, deindustrialisation and the future of work

The OECD has just released a new working paper by Thor Berger and Carl Frey which provides a systematic overview of the literature examining the impact of digitalisation on labour markets. The paper highlights some well-known as well as some lesser-known facts about digitalisation, deindustrialisation and the future of work.




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The distribution of the growth dividends

Widespread increases in inequality over the past three decades have raised the question of the distribution of the growth dividends.




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Enhancing skills to boost growth in Hungary

Skill requirements in the labour market have significantly changed over the past two decades. The restructuring of the economy is making the labour market increasingly knowledge-based.




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Fostering inclusive growth in Malaysia

Malaysia has followed a comparatively equitable development path, largely eliminating absolute poverty and greatly reduced ethnic inequality.




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What skills are needed for tomorrow’s digital world?

Information and communication technologies (ICT) are changing profoundly the skill profile of jobs. To thrive in the digital economy, ICT skills will not be enough and other complementary skills will be needed, ranging from good literacy and numeracy skills through to the right socio-emotional skills to work collaboratively and flexibly.




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Continued slowdown in productivity growth weighs down on living standards

The slowdown in productivity growth - already underway before the crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released today by the OECD.




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Business brief: Towards an inclusive and competitive labour market for the evolving world of work

The way businesses operate is rapidly changing. A strong online presence and tailored services are crucially important to their global development. Together with the emergence of the on-demand economy the traditional employment relationship is therefore being replaced by a diversity of more detached, agile and adaptable forms of employment.




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Powerful global coalition to boost equal pay for women at work - New initiative will support innovative and effective equal pay policies and practices around the globe

One of the most persistent barriers to women’s success at work and to economic growth, unequal pay, will be actively challenged by a new global partnership, the Equal Pay International Coalition (EPIC).




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Italy should continue reforms to improve people’s skills and boost growth

Full and effective implementation of recent reforms, including the Jobs Act and the Good Schools reform, would help boost growth in Italy by improving people’s skills and ensuring their more effective use across the country, according to a new OECD report.




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Legal and social barriers holding back women’s empowerment in Middle East and North Africa

Women in the Middle East and North Africa are better educated and better skilled than ever, yet legal and social barriers mean the share of them in work is still the lowest in the world. Bringing family and labour laws into line with gender goals would enable more women to enter employment and would make MENA economies more competitive and inclusive, according to a new OECD report.




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Boosting skills would drive UK growth and productivity

To boost growth, productivity and earnings, the UK should encourage lifelong learning among adults and promote better skills utilisation, according to a new OECD report.




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Improving skills would boost growth and job creation in France

France’s economy is growing and the labour market is gradually improving. However, the share of people out of work for more than 12 months remains high and many young people are on temporary contracts, with weak long-term job prospects and little opportunity for training.




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Korea should speed up job market and social protection reforms to strengthen inclusive growth

Korea’s economy has progressed rapidly over the past 40 years, catching up with the level of well-being in most OECD countries. It now needs to continue and speed up the reforms of its labour market in order to strengthen its social safety net, create better quality jobs and boost inclusive growth, according to a new OECD report.




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Improving the skills of Chileans would boost productivity and inclusive growth

Chile’s economy is strengthening and wage growth picking up. The country should now address the challenge of improving people’s skills, particularly among women and low-skilled workers, in order to boost productivity, innovation and inclusive growth, according to a new OECD report.




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Norway should do more to improve job prospects of low-skilled youth

Norway should step up its efforts to boost the job prospects of young people without upper-secondary qualification to further reduce the share of under-30 year-olds who are Not in Employment, Education or Training (NEETs), according to a new OECD report.




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Family-friendly policies a key driver of economic growth

The family-friendly policies introduced by Nordic countries over the past 50 years and associated increases in female employment have boosted growth in GDP per capita by between 10% and 20%, according to a new OECD report.




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Low productivity jobs driving employment growth in many OECD countries

Weak labour productivity growth continues to mark the world’s advanced economies and risks compromising improvements in living standards, says a new OECD report.




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Rising employment overshadowed by unprecedented wage stagnation

Economic growth is picking up and unemployment has reached record lows in some OECD countries but wages continue to stagnate. Unless countries can break this cycle, public belief in the recovery will be undermined and labour market inequality will widen, according to a new OECD report.




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'Motu Patlu': Desi Animation Film That Kids, Grown-Ups Can Enjoy

"Motu Patlu: King of Kings"; Writer-Director: Suhas D Kadav; Rating: ***1/2.




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Indonesia should improve governance, productivity and tax collection to promote inclusive growth

Indonesia has improved its macro-economic and structural policies over the last 15 years. Its economy, with strong and stable growth rates of 5–6.6%, is catching up with other countries in the region and allowing Indonesia to focus on its development agenda.




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Inspections Reforms: Why, How and With What Results

This report summarises experience of OECD and non-OECD countries with reforming inspections, attempts to present some of the most interesting and successful experiences suggesting that some good practices may be valid beyond the countries where they were initially pioneered.




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Regulatory Reform in the Middle East and North Africa: Implementing Regulatory Policy Principles to Foster Inclusive Growth

This report assesses progress in the implementation of regulatory policy within the MENA region and highlights good practices from Bahrain, Egypt, Jordan, Lebanon, Mauritania, Morocco, the Palestinian Authority and Tunisia.




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OECD Ministers reinforce importance of investment for strong, green and inclusive growth

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.




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Effective regulation is a lever for inclusive growth

Governments should do more to improve the design and delivery of new laws, as even small efforts to fix regulatory shortcomings can have a tangible positive impact on economic activity and well-being, according to a new OECD report.




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Rebalancing Turkey’s growth by improving resource allocation and productivity in manufacturing

Turkey’s manufacturing sector has expanded considerably but not efficiently and competitively enough.




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Behavioural Insights Conference, Cape Town, South Africa

The OECD Behavioural Insights Conference brings together behavioural practitioners and policy makers from around the world to discuss how using behavioural insights can affect policy change.




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OECD Global Conference on Governance Innovation: Towards Agile Regulatory Frameworks in the Fourth Industrial Revolution

Conference to exchange information on the need for and experience with governance innovation in the context of different sectors and different countries, both within and outside of the OECD, and to inform future OECD work.




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The OECD acknowledges progress made, and says Mexico should further prioritise fighting foreign bribery

Mexico has improved, but needs to give greater priority to the criminal enforcement of bribery and ensure that its criminal law enforcement authorities have all the resources and expertise they need to seriously investigate all allegations, according to a new OECD report.




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Regrettably low awareness in the private sector is an obstacle to the fight against foreign bribery in the Czech Republic

The Czech government must urgently engage with the private sector to raise awareness, says a new OECD report. The awareness of the Czech foreign bribery offence remains regrettably low among companies, despite the recent adoption of a comprehensive corporate liability regime that holds Czech companies liable for this crime.




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Poland needs strategy to meet growing risk of foreign bribery

The current Polish framework for fighting foreign bribery is still inadequate to fully meet foreign bribery risks resulting from Poland’s growing economy, says a new OECD report.




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Integrity and the crisis: How to earn back the trust of young people?

How can we earn back the trust of young people? Improving openness, transparency, accountability, and access to information is essential. On the occasion of the International Anti-Corruption Day and Transparency International’s 20th Anniversary, the OECD and Transparency International are inviting young people for a discussion about how to push the integrity agenda forward together.




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Illicit Financial Flows from Developing Countries: Measuring OECD Responses

Strengthening OECD firewalls can only do so much to combat a phenomenon which thrives on weak governance. This report highlights that donor agencies can support this goal through their central role in linking OECD and developing countries, and using their aid to support governments willing to tackle these issues.




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Seminar - Re-visiting whistleblower protection: From commitments to effective protection

Whistleblowing is an essential element for safeguarding the public interest and for promoting a culture of public accountability and integrity. The majority of OECD countries have recently passed legislation protecting whistleblowers and yet, despite being high on the agenda, successful whistleblowing stories are rare.




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Brazil closes legal loophole on foreign bribery: OECD hopes this will now translate into stepped up enforcement

Brazil must build on the positive momentum started with its new Corporate Liability Law and its first indictments in one foreign bribery case to investigate and prosecute more proactively foreign bribery.




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Fighting Illicit Financial Flows - FfD3 Side Event

Fighting Illicit Financial Flows: Are Partnerships and Policy Coherence the keys to success?




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Latvia’s fight against foreign bribery overshadowed by enforcement weaknesses

Latvia has improved its laws since acceding to the OECD Anti-Bribery Convention in 2014. Yet serious personnel issues until recently as well as negative government commentary concerning KNAB, Latvia’s anti-corruption law enforcement agency, have cast doubts over its capacity to enforce those laws.




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Tackling policy fragmentation: the key to getting onto a path of rapid and sustainable productivity growth

Further structural reforms are needed to help the business sector boost productivity growth and overcome the key challenges of sluggish investment in advanced economies and excess capacity in emerging economies, according to a new OECD report.




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G20 Seminar on Corruption and Economic Growth: Highlights

17 October 2016, Paris: The G20 Chinese Presidency, the UK and the OECD jointly organised a Seminar on “Corruption and Economic Growth”. Expert panellists recognised the negative impact of corruption on economic growth and society at both the macro and micro level, and stressed the importance of strong political leadership in fighting corruption.