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4401. Economic Survey of the United States, 2004

Publication Date:
04-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Economic performance over the past two decades has been impressive. Underpinned by an increased reliance on competitive forces, which have been stronger than in most other member countries for some time, productivity and output have accelerated significantly. In recent years, helped by timely macroeconomic policy responses, the economy has demonstrated its capacity to adjust to adverse shocks, so that the per capita growth gap against other countries has widened further. The outlook is for this to continue in the next few years, with real GDP expanding by around 4 per cent per annum. Nonetheless, there are a number of challenges that need to be addressed to sustain these laudable economic outcomes. By far the top priority is to confront the current and projected federal budget deficits. The fiscal stimulus of the past few years has been helpful in supporting the recovery, but if public dissaving is not reduced, interest rates may be higher, ultimately implying slower growth in economic potential. Increased budget discipline, and indeed significant reform on both the spending and revenue sides of the budget, will be necessary because of the impending demographic pressures on government finances. Corrective fiscal measures will also assist the unwinding of the current account deficit, which is unusually large for this stage of the cycle. As the Federal Reserve begins to move the federal funds rate back to a more neutral level, it will need to be especially attentive to the clarity of its communications with the markets. Further corporate-governance and accounting reforms would help to underpin confidence of domestic and foreign investors, thereby facilitating orderly current-account adjustment. Less reliance on import restrictions and maintaining a leadership role in trade liberalisation would favour structural adjustment at home. Furthermore, despite the generally pro-competitive thrust of antitrust and other regulatory policies, a number of areas deserve attention, notably intellectual property rights, telecommunications and electricity, where further reforms would be welfare enhancing.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
United States

4402. Innovative Approaches to Funding the Millennium Development Goals

Author:
Helmut Reisen
Publication Date:
04-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
At the United Nations Millennium Summit in September 2000, world leaders adopted the Millennium Development Goals (MDGs), which set clear targets for reducing poverty, hunger, disease, illiteracy, environmental degradation, and discrimination against women by 2015.The need for additional development funding, if the MDGs are to be achieved by 2015, is widely recognized. The figure of additional $50 billion per year, roughly the present total of ODA spent by DAC donors, is often quoted (e.g. Zedillo Report). This estimate is of back-of-the-envelope nature, and it seems to be the minimum estimate. If governments exclude the option to abandon the MDGs, they have either to double the existing ODA or to find alternative sources of comparable magnitude–or a balance of the two. The challenge to the international community is mounting by the day.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, Political Economy, and United Nations

4403. OECD Environmental Strategy: 2004 Review of Progress

Publication Date:
04-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
OECD countries are working hard to tackle the environmental problems they face, but much more ambitious policies will be needed if their national and international commitments are to be met. Progress has been made in a number of areas since OECD ministers agreed in 2001 on an Environmental Strategy for the First Decade of the 21st Century. For example, air pollution regulations have been tightened, new market-based policies to mitigate climate change at least cost are in place or planned, regulatory frameworks are being strengthened to protect the environment and human health from chemicals, and a number of key international agreements to protect the marine environment and ensure sustainable fishing have recently entered into force, thanks in part to their ratification by some OECD countries. But current policies are insufficient to adequately protect biodiversity resources, or to address climate change. Economic growth no longer leads automatically to an equal increase in pressure on the environment in some key sectors, indicating at least some “decoupling” of environmental pressures from economic growth, but the environmental impact of continuing road transport expansion, energy production, and agricultural practices remains high.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy

4404. The OECD Environmental Strategy: Progress in Managing Water Resources

Publication Date:
04-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Water is a vital resource for society but needs to be managed carefully to ensure that people have access to affordable and safe drinking water and sanitation, without depleting water resources or damaging ecosystems. The OECD Environmental Strategy for the First Decade of the 21st Century, adopted by OECD ministers in 2001, highlights water management as one of the key issues in maintaining the integrity of ecosystems.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy

4405. Economic Survey of Norway, 2004

Publication Date:
03-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The short-term outlook for Norway is good. Helped by global recovery, growth could proceed at above potential rates for a while, especially as inflation is well below target and there is some cyclical slack in the labour market. Interest rates are low, and fiscal stimulus needs to be withdrawn. Indeed, it will be important to rein back spending over the next few years in order to get back onto the self-imposed track of permissible spending of oil revenues that is consistent with notions of intergenerational fairness. In the longer term, the case for continuing fiscal restraint is even stronger. Reflecting both demographic factors and the maturing of the system, public spending on pensions will rise considerably over the next decades, even if the major reforms now under discussion are quickly implemented. In the future, growth of living standards will have to rely primarily on increases of productivity and employment in the non-oil private business sector. To maintain vigour in the non-oil economy, reforms in both labour and product markets, and in social policies and transfer programmes are called for. There are important interdependencies among policies in these areas and it is unlikely that success will be achieved without advancing with comprehensive reforms. More flexibility is desirable in wage setting, particularly in the public sector. Proposed changes in the fields of education and training will raise skill levels, but value for money needs to be an important criterion when prioritising the programmes. Competition should be strengthened through regulatory reform and a more active policy stance: proposed amendments to strengthen the enforcement framework are an opportunity to make competition policy more central, and should include an independent appellate body. State ownership and subsidies to agriculture should be reduced. Norway's comprehensive social programmes ensure that poverty is virtually non-existent, and a strong work ethic and a high level of social trust led to comparatively little abuse in the past. However, the very rapid rises in numbers on disability pensions and on sick leave suggest that stricter controls are needed. Advancing the reform efforts suggested above will be necessary to harness the more efficient use of resources, thereby raising non-oil potential output and ensuring that Norway maintains a high standard of living in the years to come.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy
Political Geography:
Norway

4406. Public Sector Modernisation

Publication Date:
03-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Most OECD countries have been actively reforming their public sectors for two decades. Initially the problem seemed to be a relatively straightforward one of improving efficiency, reforming management practices, and divesting public involvement in commercial enterprises. These reforms have indeed had a major impact but they have also given rise to some unexpected problems of their own. Even a seemingly straightforward action such as simplifying a welfare benefit form and cutting the time taken to process it may, for example, encourage more people to apply for the benefit, increasing the workload and making it more difficult to cut waiting time. While more efficient government is certainly desirable, efficiency alone is not a guarantee of better government.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy

4407. The Quality of the Teaching Workforce

Publication Date:
02-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The quality of the teaching workforce is a major consideration in any nation's aspirations for an educational system of high quality. Teachers form the core of the school system and a wide range of research studies has confirmed the importance of teacher quality for student learning. Thus, the development of policies seeking to improve the quality of teachers and ensure that all students receive quality teaching is a central concern for governments.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy

4408. Raising the Quality of Educational Performance at School

Publication Date:
02-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
To succeed in a rapidly changing world, individuals need to advance their knowledge and skills throughout their lives. Education systems need to lay strong foundations for this, by fostering knowledge and skills and strengthening the capacity and motivation of young adults to continue learning beyond school.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy

4409. Education and Equity

Publication Date:
02-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
For a more equitable society, all individuals, independently of their socio-economic background, origin and gender, should ideally have access to equivalent learning opportunities; those with organic disabilities, learning difficulties or social disadvantages should benefit from specific support; and finally, improving outcomes of all learners, and especially those who are less successful, should be a permanent objective of all educational systems.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy

4410. Lifelong Learning

Publication Date:
02-2004
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The concept of lifelong learning as an educational strategy emerged some three decades ago, through the efforts of the OECD, UNESCO and the Council of Europe. It was a response to the anomaly that while individuals learn throughout life, the provision of education opportunities was limited largely to the early phase of life, dominated by formal education. There was a perceived need to provide a “second chance” to those who did not benefit from educational opportunities available during childhood and youth.
Topic:
Agriculture, Economics, Environment, Human Rights, International Organization, and Political Economy