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.
Also available in: French
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Going For Growth in Brazil, China, India, Indonesia and South Africa
Taken together, the “BIICS” (Brazil, China, India, Indonesia and South Africa) have been an important engine for world growth through this crisis, 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 Chapter 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.
Also available in: French
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