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Knowledge is growth

The growing awareness that knowledge-based capital (KBC) is driving economic growth is prevalent in today’s global marketplace. The creation and application of knowledge is especially critical to the...

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Climate change won't wait

The European Union may be facing some difficult economic challenges, but that's no excuse for not acting now to create an economy based on resource efficiency and low-carbon development. The benefits...

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Trusting in crowds

“Crowdsourcing” pools the strength of the many to perform complex tasks–everything from funding a film to sequencing DNA. At its heart is trust–not a blanket belief in great institutions, but rather...

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What the BEPS are we talking about?

“Recently more and more enterprises organised abroad by American firms have arranged their corporate structures aided by artificial arrangements between parent and subsidiary regarding intercompany...

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The new performance frontier

By helping emphasise the importance of a “better life” as a key component of societal progress, the OECD has made considerable efforts in recent years to help promote a school of thought that places...

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The cost of mistrust

Trust is at the heart of today’s complex global economy. But, paradoxically, trust is also in increasingly short supply in many of our societies, especially in our attitudes towards big business,...

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Solving the food crisis

Eliminating hunger and malnutrition, and achieving wider global food security are among the most intractable problems humanity faces. While many once poor countries are now developing rapidly, the...

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Trust comes from within

Russians are becoming increasingly active in the country’s social arena. While activists remain a small but growing and visible minority of citizens looking for changes in governance, many more are...

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How to get it right: government balances, growth and income inequality

Austerity programmes to restore order to public finances can add to the woes of already struggling economies, leading to more job losses and social hardship. But there are ways for governments to put...

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Asia’s Challenges

The forces driving Asia’s rapid growth–new technology, globalisation, and market-oriented reform–are also fuelling rising inequality. Some income divergence is inevitable in times of fast economic...

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Interns are workers, too

Everyone loses from unpaid internships – young people, society, even businesses. Companies that expect young people to work without pay are excluding graduates and school-leavers whose parents can’t...

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A recipe for trust

Have the policy errors that contributed to the global economic crisis been rectified? Sharan Burrow shares her vision for building trust and restoring confidence in the countries still suffering from...

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Return from the dead?

Old ways of thinking won’t bring developed countries back to economic life. Weighed down by the legacy of the crisis, they also face deep challenges like a faltering labour supply and slowing...

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Growth is not enough

Brazil’s labour leaders have long argued against pursuing economic growth for its own sake. What matters most, they believe, is not the size of the economic pie but how it’s carved up. In recent years,...

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Homo Economicus: an uncertain guide

As humans, we face a constant internal conflict between immediate gratification and more prudent living. This conflict is also apparent in society. How can we ensure that the homo economicus within us...

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The plot thickens

Small farms in Turkey are threatening productivity in the agricultural sector and provide a meagre living for workers in this sector. Government policies have begun to change this for the better, but...

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Fixing finance

There are good reasons why the public has lost confidence in banking and finance. Two issues in particular must be addressed before it can be restored– moral hazard and conflict of interest. Reforms...

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Time for an energy [r]evolution

We can’t use terms like “inclusive” and “green” as window dressing for the pursuit of economic growth as an end in itself. A real and profound change in how we think about growth is needed–one that...

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Making labour markets inclusive

In this time of chronic unemployment, it is all too easy to lose sight of the single greatest trend underlying the long-term labour market: the demographic time bomb in the developed world. Indeed, the...

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Education for all

Young people from poorer families are badly underrepresented in higher education. That risks exposing them to a lifetime of reduced earnings and undermines the foundations of wider economic growth....

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Give youth a chance

Young people are being excluded from economic life by a combination of joblessness and barriers to the creation of start-ups. Unleashing the energy, entrepreneurial spirit and technological genius of...

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It’s all about people: Jobs, equality and trust

More than five years into an economic crisis which has taken on several names–from subprime crisis and financial crisis to great recession–no term accurately depicts the fundamental result of this...

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Russia’s human capital challenge

To pursue economic growth, Russia must develop its human capital, which requires structural reforms in education, healthcare and pensions. These, in turn, must respond to major trends in service...

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Boardrooms in transition

Recent years have brought a flood of stories about dubious standards in business. In the past, many of these might not have impinged on the public’s consciousness. But in today’s interconnected world,...

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Meeting our challenges

How can we increase employment and strengthen social cohesion? The prime minister of Norway argues that we need urgent action to ensure that an entire generation of young people remains connected to...

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Investing in a sustainable future

Investment strategies almost never consider external costs to the environment when calculating potential returns. But incorporating environmental risk and sustainability into investor mindsets is...

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The value of trade

The emergence of global value chains in manufacturing and services has revolutionised the way the world trades. It has also provided a valuable entry point for many developing economies into the global...

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Failing to close the stable door

The recent scandal over the use of horsemeat in readymade meals that has shaken the entire European continent has revealed not only the complexity and opacity of our food supply chain, but also–and...

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Trust in leaders

Apparently, the United States enjoys a surplus of deficits. President Obama’s first State of the Union address warned that we are weakened and endangered not only by our financial deficit, but also by...

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Tax is all about trust

Following the financial crisis in 2008, millions of citizens faced hardship as they set about repairing the damage done to their economies and to public finances. For most people, the necessary...

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A plan for education

Jobs, wealth and individual well-being depend on what people can do with what they know. There is no shortcut to equipping people with the right skills and to providing them with opportunities to use...

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Trust and the Wealth of Nations

In the 17th arrondissement of Paris you can walk past a bust of the 19-20th century French writer, Tristan Bernard. It carries a maxim that always makes me smile, roughly translated: Only trust...

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Building up trust

In 2008, a Gallup poll reported that, on average, less than half of the OECD population trusted their government. The crisis worsened the situation with a decline of four additional percentage points...

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Inclusive growth: Making it happen

Inequality has widened, with detrimental effects on our economies and societies. Can inclusive growth work? Yes, though it requires new thinking and approaches, and these are driving important...

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Jobs are key for inclusive growth

Jobs are key for inclusive growth

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Growth and inequality: A close relationship?

Inequality has risen in the OECD area. Could policies aimed solely at growth be responsible? Can inequality undermine economic growth? New evidence suggests there is a possibility.

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