Economic Policy Reforms 2010

Going for Growth

image of Economic Policy Reforms 2010

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.

English Also available in: French

Responding to the Going for Growth Policy Priorities

an Overview of Progress since 2005

Against the background of a stronger need for reform in the wake of the crisis, this chapter assesses the progress that each country has made over the past five years in a broad range of structural policy areas where government action could boost long-term growth. Two-thirds of OECD countries have sought to address at least one of the five policy weaknesses that were identified over the period. However, such reforms have been mostly incremental rather than radical in nature, and have seldom fully addressed the underlying policy deficiencies. Reforms have also been more frequent where they were expected to deliver immediate benefits – such as for increased spending on active labour market policies or tax cuts – than where they might have hurt the short-term interests of specific groups – such as with incumbent investors, farmers and permanent workers under competition policy, agricultural policy and job protection reforms.

English Also available in: French

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