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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.

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Introduction

This chapter presents the Going for Growth policy priorities and underlying recommendations to achieve high and inclusive growth. In doing so, it summarises the information laid-out in the individual country notes reported at the end of the chapter. The cross-country dimension of Going for Growth reflected in this chapter facilitates the transfer of knowledge about domestic policy reforms, allowing for lessons to be drawn from successes and failures. At the same time, the selection of country-specific policy priorities and recommendations detailed in individual country notes allows for domestic considerations, such as differences in income levels, institutional capacities and the stance of macro policies, to be taken into account, avoiding thereby “one-size-fits-all” policy prescriptions.

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