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2004 OECD Economic Surveys: United Kingdom 2004

image of OECD Economic Surveys: United Kingdom 2004

OECD’s 2004 review of the UK economy finds that performance has been impressive in recent years.  The main challenges are to contain instability in the housing market, to spend public money more efficiently, and to close the productivity gap with the best performing OECD countries.  This edition also looks at product market competition and sustainable development in the UK. 

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Some Aspects of Sustainable Development

There is a growing concern that long-run sustainable development may be compromised unless measures are taken to achieve balance between economic, environmental and social outcomes both domestically and on a global basis. This section looks at three specific issues of sustainable development that are of particular importance for the United Kingdom: climate change, improving living standards in developing countries and sustainable retirement income. In each case, indicators are presented to measure progress and the evolution of potential problems, and an assessment is made of government policies in that area. The section also considers whether institutional arrangements are in place to integrate policy-making across the different elements of sustainable development (Box 6.1)...

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