OECD Economics Department Working Papers

ISSN: 
1815-1973 (online)
http://dx.doi.org/10.1787/18151973
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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

 

Long-term growth and policy challenges in the large emerging economies You or your institution have access to this content

English
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Author(s):
Paul Conway1, Sean Dougherty2, Artur Radziwill2
Author Affiliations
  • 1: New Zealand Productivity Commission, New Zealand

  • 2: OECD, France

19 Mar 2010
Bibliographic information
No.:
755
Pages:
45
http://dx.doi.org/10.1787/5kmh79tm3n9r-en

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Taken together, Brazil, China, India, Indonesia and South Africa – the “BIICS” – have been an important engine for world growth, and they account for a growing share of global output. However, further reforms will be needed to ensure catch-up to OECD GDP per capita levels over the long term. This paper uses the OECD’s Going for Growth framework, as well as other available evidence linking policies to economic performance, to identify key structural policy challenges in the BIICS for the years ahead. While such challenges vary from country to country, common areas for reform include strengthening policies in the areas of education, product market regulation and labour markets, as well as improving more basic market institutions. This Working Paper relates to the OECD’s Economic Policy Reforms: Going for Growth 2010 (www.oecd.org/goingforgrowth) and the Economic Surveys of China, India, South Africa, Indonesia, and Brazil (www.oecd.org/eco/surveys)
Keywords:
regulation, indicators, education, poverty, reforms, income, institutions, structural policy
JEL Classification:
  • O4: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity
  • P5: Economic Systems / Comparative Economic Systems
 
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