Economic Policy Reforms 2017

Going for Growth

image of Economic Policy Reforms 2017

Going for Growth is the OECD’s regular report on structural reforms in policy areas that have been identified as priorities to boost incomes in OECD and selected non-OECD countries (Argentina, Brazil, the People's Republic of China, Colombia, Costa Rica, India, Indonesia, Lithuania, the Russian Federation and South Africa). Policy priorities are updated every two years and presented in a full report, which includes individual country notes with detailed policy recommendations to address the priorities, as well as a follow-up on actions taken. The selection of priorities and the monitoring of reform actions are supported by internationally comparable indicators that enable countries to assess their economic performance and structural policies in a wide range of areas.

In addition to the new set of policy priorities and country notes, the 2017 report also includes a special chapter discussing how the Going for Growth framework has been extended to identify reform packages that boost growth while ensuring that the benefits are widely shared.

English Also available in: French


Editorial: A policy agenda for growth to benefit all

The prolonged period of stagnating living standards that has affected a large share of the population in many countries is undermining confidence in governments’ reform agenda and raising stiff political resistance to continued efforts. Many reforms take time to bear fruit, in particular in an environment of persistently weak demand and uncertain growth prospects, and they often create winners and losers. Growing political headwinds is clearly one factor contributing to the steady slowdown in the pace of reforms observed since the post-crisis peak of 2011-12. Yet, governments in most countries need reforms of structural and macro policies both to escape the low-growth trap and prepare for rapid technological changes. So, to let down on the pace of reforms is not the appropriate response as this carries a bigger risk to both short and medium-term growth prospects.

English Also available in: French

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