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 Reform at a Time of Financial Crisis

This chapter reviews how the current recession affects the prospect for structural reform and then explores which of the policy priorities identified in the current volume to boost long-term growth are most likely to stimulate demand in the near term. The main conclusion of the chapter is that there are, indeed, growthenhancing structural policies in nearly all OECD countries that could potentially enhance short-term, as well as long-term, growth.

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