Economic Policy Reforms 2011
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Economic Policy Reforms 2011

Going for Growth

The global recovery from the deepest recession since the Great Depression is under way, but it remains overly dependent on macroeconomic policy stimulus and has not yet managed to significantly reduce high and persistent unemployment in many countries. Going for Growth 2011 highlights the structural reforms needed to restore long-term growth in the wake of the crisis. For each OECD country and, for the first time, six key emerging economies (Brazil, China, India, Indonesia, Russia and South Africa), five reform priorities are identified that would be most effective in delivering sustained growth over the next decade. The analysis shows that many of these reforms could also assist much-needed fiscal consolidation and contribute to reducing global current account imbalances.

The internationally comparable indicators provided here enable countries to assess their economic performance and structural policies in a wide range of areas.

In addition, this issue contains three analytical chapters covering housing policies, the efficiency of health care systems and the links between structural policies and current account imbalances.

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Date de publication :
07 avr 2011
DOI :
10.1787/growth-2011-en
 
Chapitre
 

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Auteur(s):
OCDE
Pages :
88–89
DOI :
10.1787/growth-2011-13-en

Cacher / Voir l'abstract

There has been rapid catch-up in the wake of EU entry, but the large gap in GDP per capita vis-à-vis the upper half of OECD countries has widened again recently. This gap in living standards reflects a productivity shortfall, while labour utilisation is relatively high. To reach a higher trend productivity growth rate, structural reforms in the areas below are needed.
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