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2005 OECD Economic Surveys: Belgium 2005

image of OECD Economic Surveys: Belgium 2005
This survey of Belgium's economy takes a comprehensive look at the country's most pressing economic problem: population ageing.  After looking at the economic and budget consequences of ageing, the report examines a number of responses including putting public finances on a sustainable path, constraining health expenditure growth, increasing the employment rate, enhancing the economic impact of migration, raising achievement in secondary education, and increasing productivity growth.

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Increasing Productivity Growth

This chapter discusses reforms to raise productivity growth. It identifies barriers to the profitable use of ICT in the finance and distribution sectors that need to be removed to stimulate productivity growth. Next, ways in which product market competition more generally could be strengthened are discussed, drawing on the main conclusions from the OECD International Regulation Database. Reducing the administrative burden on businesses, liberalising regulation of some professional services and increasing competition in the electricity sector would also contribute to strengthening product market competition. Moreover, the authorities want to...

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