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341. Economic Survey of France, 2005

Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
France has high productivity per hour worked and a sophisticated social welfare system, but it also suffers from low labour force participation and high structural un employment. This poor labour market performance contributes to a persistent budget deficit which is exacerbating, rather than alleviating, the fiscal pressures arising from ageing. Rising public debt threatens fiscal sustainability. It is partly a result of insufficient public expenditure control an d insufficient public understanding of the need to meet long-run challenges as well as short-term targets. Aspects of the labour code designed to protect employees, and some aspects of the system of social transfers have had some unintended but perverse consequences leading to structurally high levels of unemployment and low participation rates. Dynamism and growth of activity and employment are held back by a lack of competition in a large number of service sectors.
Topic:
Development and Economics
Political Geography:
Europe and France

342. Economic Survey of Sweden, 2005

Publication Date:
06-2005
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The Swedish economy has undergone impressive changes and has delivered a remarkable surge in productivity since the mid-1990s. Consequently, per capita incomes are slowly making up the ground lost in earlier decades. Labour market performance, however, has been less inspiring. Employment rates have yet to recover to their 1990 peaks and hours of work need to increase to support the welfare state.
Topic:
Development, Economics, and Government
Political Geography:
Europe and Sweden

343. Economic Survey of Italy, 2005

Publication Date:
05-2005
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
A modest recovery is under way. A recovery has been under way since early 2004 and is expected to proceed at a moderate pace in 2005 and 2006, with domestic demand continuing to rise faster than GDP. Real growth is projected to remain somewhat slower than the EU average. The gap in consumer price inflation is expected to widen again in 2006. The current-account deficit has increased and export market share losses were substantial until recently. Employment growth has been impressive throughout the slowdown, but the growth of productivity, including that of total factor productivity, has been very weak.
Topic:
Development and Economics
Political Geography:
Europe and Italy

344. Economic Survey of Belgium, 2005

Publication Date:
03-2005
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The dominant challenge for Belgium in the years to come is to prepare for population ageing. This entails putting in place policies to attenuate its effects on economic growth and public finances. The few years left before large numbers of baby boomers retire provide a window of opportunity to push ahead with such policies and so preserve the essential elements of the system of social protection. First, further budget consolidation is required to put public finances on a sustainable path. Second, reforms are needed to increase employment rates, especially for the older working age-population, school leavers and ethnic minorities, and to slow the decline in working time. Finally, reforms are required to raise productivity growth.
Topic:
Development, Economics, and Government
Political Geography:
Europe

345. Economic Survey of Denmark, 2005

Publication Date:
02-2005
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Denmark has been near the top of the OECD's income rankings for many years. It has the most equal income distribution among member countries, partly because of its comprehensive welfare state. Given an ageing population, the key economic challenge is to maintain growth in living standards while preserving the welfare system. To achieve this, Denmark will need to raise labour supply and productivity growth. If they do not improve from here, the growth rate of per capita GDP will be dragged down to just ½ per cent per annum within a couple of decades.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
Europe and Denmark

346. Economic Survey of Iceland, 2005

Publication Date:
02-2005
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Iceland's impressive economic performance has continued to show the benefits of the refocusing of policies on financial stabilisation and market liberalisation in the 1990s. The most recent recovery, which began in 2003, has been much more vigorous than expected, as buoyant household demand has reinforced the stimulatory effect of the large-scale aluminium-related investment projects underway. Imbalances in the economy – specifically, the large current account deficit and inflation pressures – have mounted and – with GDP growth averaging over 5% in 2004-06 – they may well be similar in size to those seen in the last overheating episode in 2000-01, which resulted in a mild recession. Limiting instability over the next few years is a demanding task for macroeconomic policymakers, and efforts underway in this regard need to be strengthened. There are also challenges for structural policies, notably with respect to the proper assessment of future investment projects and in the environ-mental area. In a longer-term perspective, sustaining the faster productivity growth that structural reforms in the 1990s have brought about will require further action, especially in the education and competition policy fields.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
Europe

347. (Danish) Economic Survey Denmark 2005

Publication Date:
02-2005
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Danmark har i mange år ligget nær toppen på OECD's rangliste over BNP pr. indbygger. Danmark har den mest lige indkomstfordeling blandt medlemslandene, delvist so m følge af dets vidtfavnende velfærdsstat. I lyset af befolkningsaldringen er den primære økonomiske udfordring at fastholde væksten i levestandarden og samtidig bevare velfærdssystemet. For at opnå dette er det nødvendigt at øge arbejdsudbuddet og væksten i produktiviteten. Uden forbedringer på disse to områder vil væksten i BNP pr. indbygger fa lde til blot ½ procent om året i løbet af et par årtier.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
Europe and Denmark

348. Germany and the Future of the Transatlantic Economy

Author:
Jan Neutze and Philipa Tucker
Publication Date:
08-2005
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
A senior delegation from the Atlantic Council of the United States, led by W. Bowman Cutter and Paula Stern, visited key government, parliamentary, and private sector stakeholders in Frankfurt, Berlin, and Brussels in spring 2005. The delegation presented the findings of the Atlantic Council report, "The Transatlantic Economy in 2020: A Partnership for the Future?" to numerous business, government, and think tank audiences. This report summarizes the delegation's discussions.
Topic:
Development, Economics, and International Trade and Finance
Political Geography:
United States, Europe, Germany, and Berlin

349. Topics in Terrorism: Toward a Transatlantic Consensus on the Nature of the Threat

Author:
Jason S. Purcell (ed) and Joshua D. Weintraub (ed)
Publication Date:
07-2005
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
The Brussels Conference on “Topics in Terrorism: Toward a Transatlantic Consensus on the Nature of the Threat” was the first of three conferences whose principal purpose was to explore specific themes associated with the world-wide effort to cope with and counter the threat of terrorists. Held in three different European capitals (Brussels, Vienna, and Budapest), the conferences drew on divergent presenters and audiences. Each conference convened subject-matter experts from the United States and Europe with the express intent of considering various perspectives on some of the most difficult challenges facing the transatlantic community. While reaching a consensus on each of the major topics would certainly have been a desirable outcome, where a consensus proved elusive, a major objective was to gain a better understanding of the divergent views and the rationale that underpins those views.
Topic:
International Relations, Development, and Terrorism
Political Geography:
United States, Europe, and Vienna

350. The New Partnership: Building Russia-West Cooperation on Strategic Challenges

Author:
Frances G. Burwell
Publication Date:
04-2005
Content Type:
Policy Brief
Institution:
Atlantic Council
Abstract:
By the beginning of 2005, the improvement in relations between Russia and the West had lost momentum and come to a standstill, as serious concerns emerged in the United States and Europe about developments in Russia. European and U.S. commentators who disagree over economic policies and Iraq find themselves in broad critical consensus about Russian political and economic evolution. Will the term that has been moribund since the death of the Cold War — “containment” — emerge as an option for those in the United States and Europe making policy toward Russia? Already some argue for isolating Russia from Ukraine, Georgia, and other former Soviet republics; will they encourage the building of a new fence around Russia? Or will there be a new effort at engagement, albeit one that is more cautious about Russia's future in the West?
Topic:
Cold War, Development, and International Cooperation
Political Geography:
Russia, United States, Europe, and Asia