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3451. Sweden: Achieving Results for Sustained Growth

Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Regulatory reform contributes to promoting sustained economic growth, complementing sound macro-economic policies. While Sweden has made significant progress on regulatory reform since the early 1990s and enjoyed major productivity gains as a result, it should instil more competition in the public sector, cut red tape and liberalise labour markets if it is to meet the challenge of an ageing population and maintain its high standards of social welfare.
Topic:
Development, Economics, and Markets
Political Geography:
Europe and Sweden

3452. Korea: Progress in Implementing Regulatory Reform

Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Regulatory reform is a priority in the effort to promote sustainable economic growth, complementing sound macroeconomic policies. It can help shift economic activity to higher value-added production and services, encourage the use of appropriate and new technology and make national economies more resilient to economic shocks. Regulatory reform is a very important asset as countries move forward in the process of globalisation.
Topic:
Development, Economics, Globalization, and Science and Technology
Political Geography:
Korea

3453. Economic Survey of Belgium, 2007

Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The Belgian economy is in a strong recovery phase. The balancing of the budget since the start of the decade has allowed public debt to fall fast relative to GDP, providing a favourable macroeconomic background for the recovery. Moreover, structural reforms, particularly in the labour market, are showing signs of success. Output has accelerated and was by mid-2006 growing at 3% – the fastest pace since 2000. With growth well above potential, some production factors are already under strain. The challenge will be to persist with stability and reform-oriented policies to bolster the economy's trend growth, a challenge made more acute by the impending ageing of the population.
Topic:
Development, Economics, and Markets
Political Geography:
Europe and Belgium

3454. OECD Territorial Reviews: Randstad Holland, Netherlands

Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The Randstad is the poly-centric urban area in western Netherlands, comprising Amsterdam, Rotterdam, The Hague, Utrecht, and several smaller cities. It is one of the most densely populated areas in the OECD, which has developed into an advanced urban economy with many leading sectors, such as logistics, horticulture and financial services. The Randstad has one of the lowest unemployment rates in all OECD countries and is one of the most attractive metropolitan areas for foreign direct investment.
Topic:
Civil Society, Development, and Economics
Political Geography:
Europe, Netherlands, Rotterdam, and Amsterdam

3455. Creating Value from Intellectual Assets

Publication Date:
03-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Intellectual assets have become strategic factors for value creation by firms. The expansion of the services sector, globalisation, deregulation, and the emergence of new information technologies have brought to the fore the issue of how knowledge is created, disseminated, retained and used to obtain economic returns. This has led to a structural change, from traditional scale-based manufacturing, which mainly relies on tangible assets, to new innovation-oriented activities which rely largely on research and development, patents, software, human resources and new organisational structures – collectively referred to as intellectual assets.
Topic:
Development, Economics, Education, and Globalization

3456. The OECD and Parliamentarians

Publication Date:
02-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Parliamentarians are at the heart of democratic systems. They pass laws and hold government purse strings. Because of their important role in national policy-making, it is only natural that the Organisation for Economic Co-operation and Development (OECD) co-operate with parliamentarians when formulating its policy advice. So keeping parliamentarians informed of its activities and getting their feedback is a high priority for the Organisation.
Topic:
International Relations, Development, Economics, and Government

3457. Economic Survey of Sweden, 2007

Publication Date:
02-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Sweden enjoys excellent macroeconomic performance with high rates of growth, low unemployment and stable inflation expectations. Early steps in regulatory reform, taken in the 1990s, are paying off in terms of productivity and GDP growth. However, tensions are visible at the margin. Employment rates have not recovered to traditionally high levels since the crisis of the early 1990s. Joblessness is widespread among immigrants and youngsters, and disability and sickness rates are comparatively high. As well, renewed regulatory reform is needed, inter alia to address the low rate of enterprise formation and enterprise growth that may weaken the economy's ability to venture into new business fields.
Topic:
Development, Economics, and Markets
Political Geography:
Europe and Sweden

3458. Improving Recycling Markets

Publication Date:
02-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Societies produce ever-growing quantities of solid waste, from packaging to abandoned televisions and cars. Disposing of this waste, often by burying it in landfills or burning it, produces significant soil contamination, as well as air and water pollution. It is particularly important to manage hazardous solid waste safely and efficiently.
Topic:
Development, Economics, International Trade and Finance, and Markets

3459. Economic Survey of Norway, 2007

Publication Date:
01-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
The economy is experiencing a favourable period of robust growth, low unemployment and moderate underlying inflation. This largely reflects the effects of globalisation, of which Norway has been a prime beneficiary, supplying energy and other commodities at high prices and increasingly importing products from low-cost countries. Sizeable labour migration inflows, together with sustained productivity growth, have kept cost inflation at a moderate pace. A tradition of foreign trade openness, domestic competition, a good policy framework and sound macroeconomic management have meant that Norway was well prepared to take advantage of these international trends.
Topic:
Development, Economics, and Markets
Political Geography:
Europe and Norway

3460. Economic Survey of Spain, 2007

Publication Date:
01-2007
Content Type:
Policy Brief
Institution:
The Organisation for Economic Co-operation and Development
Abstract:
Spain's economy has managed a remarkable performance in terms of growth, employment and public finances over more than a decade. A combination of expansionary monetary conditions, fiscal prudence, beneficial structural reforms and the positive supply-side effects of the strong rise in immigration has contributed to these outcomes. But these favourable developments are tempered by deterioration in several areas: the still high inflation differential has harmed competitiveness, and the resulting low real interest rates entail excessive domestic demand, which has been supported, jointly with employment growth and immigration, by ongoing rapid increases in household indebtedness and house prices. Despite some improvement, growth has therefore remained unbalanced as manifest in the large external deficit. Looking ahead, productivity gains are still modest, risking a substantial weakening in output and per capita income growth in the coming years.
Topic:
Development, Economics, and Migration
Political Geography:
Europe and Spain