Making growth more inclusive by enhancing social protection: the case of Malaysia

By Abu Zeid Mohd Arif, Economist, Country Studies Branch, OECD Economics Department Growth can be more inclusive by pursuing policies that enable improvements in a country’s living standards while sharing gains more equitably across the population. Inclusive growth incorporates a focus on relative – not just absolute – income and wealth inequality, and on well-being, … More Making growth more inclusive by enhancing social protection: the case of Malaysia

Unleashing private sector productivity in the United States

By Douglas Sutherland, Head of the United States Desk, OECD Economics Department With the global economy mired in low- growth and no signs of strong acceleration, a lot of attention has been paid to the meagre pace of productivity growth in OECD countries. In the United States, the most watched indicator of productivity (nonfarm business … More Unleashing private sector productivity in the United States

What do pro-competitive policies imply for workers?

By Boris Cournede, Senior Economist, Public Economics Division, OECD Economics Department Reforms that make economies more competitive have become a polarising subject. On one side, they are well established as a core staple of reform programmes: they are known to boost growth. On the opposite side, they often come up as lightning rods for criticism, … More What do pro-competitive policies imply for workers?

Deploy effective fiscal initiatives and promote inclusive trade policies to escape from the low-growth trap

by Catherine L Mann, OECD Chief Economist and Head of OECD Economics Department For the last five years the global economy has been in a low-growth trap, with growth disappointingly low and stuck at around 3 per cent per year. Persistent growth shortfalls have weighed on future output expectations and thereby reduced current spending and … More Deploy effective fiscal initiatives and promote inclusive trade policies to escape from the low-growth trap

Time to deploy the fiscal levers actively and wisely

by Catherine L. Mann, OECD Chief Economist, OECD Economics Department The role of fiscal policy has been at the heart of the policy debate since the financial crisis. With the global economy stuck in a low-growth trap and monetary policy overburdened, it is time to re-assess the use of fiscal policy levers. Government interest payments … More Time to deploy the fiscal levers actively and wisely

Most countries have room to increase public investment

by Jean Marc Fournier, Economist, Public Economics Division, OECD Economics Department Public investment benefits current as well as future generations. My research shows that public investment is a game changer, when it comes to boosting long-term growth. Increasing the share of public investment in primary government spending by one percentage point (offset by a reduction … More Most countries have room to increase public investment

The gig economy will not abolish working 9 to 5

by Rory O’Farrell, Economics, OECD Economics Department Today’s post is also being published by the OECD Insights Blog There is little new about the ‘gig economy’. The word ‘gig’ originates from 1920s jazz musicians who played a small concert or ‘engagement’ at a venue. Dolly Parton may have sung about working 9 to 5, but … More The gig economy will not abolish working 9 to 5

Boosting productivity is key for Malaysia to attain high-income-country status

By Hidekatsu Asada, Head of the Southeast Asia desk, Country Studies Branch, OECD Economics Department Productivity growth is essential for living standards to durably improve. Malaysia has reached a development stage where growth needs to be driven more by productivity gains than the sheer accumulation of capital and labour inputs. The 11th Malaysia Plan (2016-20) … More Boosting productivity is key for Malaysia to attain high-income-country status

Successful macro transformation in Malaysia, but challenges remain

By Mohamed Rizwan Habeeb Rahuman, Economist, Southeast Asia Desk, Country Studies Branch, OECD Economics Department Malaysia has sustained rapid and inclusive economic growth for close to half a century, as documented in the OECD’s first Economic Assessment of Malaysia (OECD, 2016). Real GDP growth has averaged 6.4% per year since 1970, outperforming most of its … More Successful macro transformation in Malaysia, but challenges remain

Unleashing private sector productivity in the United States

By Douglas Sutherland, Head of US Desk, OECD Economics Department With the global economy mired in low-growth and no signs of strong acceleration, a lot of attention has been paid to the meagre pace of productivity growth in OECD countries. In the United States, the most watched indicator of productivity (nonfarm business productivity growth) decelerated … More Unleashing private sector productivity in the United States