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Economic Policy Reforms 2009

Going for Growth

image of Economic Policy Reforms 2009
Going for Growth 2009 highlights the most appropriate structural reforms to pursue to improve performance, takes stock of recent progress in implementing structural policy reforms and identifies five policy priorities for each OECD country that could lift economic growth in the long run. It calls for reforms in a number of areas in order to strengthen labour productivity and employment, including reforms to education systems, product market regulation, agricultural policies, tax and benefit systems, health care and labour market policies. In addition, this issue contains four analytical chapters covering taxation and economic growth, reform of product market regulation, infrastructure investment and the effect of population structure on employment and productivity.

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Structural Policy Priorities 2009

An Overview

Until the present downturn, there had been an improvement in the pace of convergence in GDP per capita of OECD countries relative to the best performing countries. Nevertheless, underlying performance weaknesses remain in many countries. This chapter provides an overview of broad long-term trends in economic performance and an updated set of policy priorities that have been identified in each country to address specific performance weaknesses. Many of the policy priorities that were deemed important two years ago still remain important in 2009. In particular, an emphasis on productivity-enhancing reforms remains, especially for the lower income OECD countries, with an increased emphasis on measures that enhance human capital. Although labour utilisation improved until recently in many countries, reforms of tax and benefit systems are identified as priorities in a large number of them.

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