Economic Policy Reforms 2010
Going for Growth
The world is currently facing the aftermath of the worst financial crisis since the Great Depression. Going for Growth 2010 examines the structural policy measures that have been taken in response to the crisis, evaluates their possible impact on long-term economic growth, and identifies the most imperative reforms needed to strengthen recovery. In addition, it provides a global assessment of policy reforms implemented in OECD member countries over the past five years to boost employment and labour productivity. Reform areas include education systems, product market regulation, agricultural policies, tax and benefit systems, health care and labour market policies. The internationally comparable indicators provided 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 intergenerational social mobility, prudential regulation and competition in banking, and key policy challenges in Brazil, China, India, Indonesia and South Africa.
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Shifting gears
OECD countries seem poised for a modest, uneasy, yet much-welcome recovery. This prospect was far from granted a year ago, and owes a great deal to the exceptional monetary, fiscal and financial policies that policymakers across the OECD and beyond have implemented over the past 18 months. However, the recession has left deep scars that will be visible for many years to come. The crisis has lowered living standards and employment on a durable basis, and at the same time, endangered the sustainability of public finances in many OECD countries. Yet there is still time to minimise these scars through appropriate policy action.
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