Sustainably financing pensions and healthcare in Thailand

By Adam Bogiatzis, Economist, South East Asia Desk, Economics Department. Thailand has made remarkable socio-economic progress over the past several decades. Poverty has plummeted and access to education and health services has become near universal. As is commonly the case, improved health outcomes and expanded opportunities – particularly for women – have led to higher … More Sustainably financing pensions and healthcare in Thailand

Thailand is advancing in participatory and evidence-based regulatory reform

By Hidekatsu Asada, Head of South East Asia Desk, and Abu Zeid Mohd Arif, Economist, South East Asia Desk, Economics Department Reforming the public sector, long a priority for Thailand, involves several challenges. Among these, insufficient public participation in policy-making is undermining the efficient allocation of resources toward public needs and development goals. Additionally, the … More Thailand is advancing in participatory and evidence-based regulatory reform

Boosting export performance in Chile

by Antoine Goujard, Chile Desk, Economics Department Chile’s export growth has disappointed over the past two decades. In particular, exports of goods and services – in volume – have only grown at 1.1% annually over 2009-17 and at around 2.0% for non-copper products and services, compared to 4.2% in the average Latin American country (Panels … More Boosting export performance in Chile

Achieving an inclusive and sustainable recovery in Greece

by Mauro Pisu and Tim Bulman, Greece Desk, Economics Department Greece is finally recovering from a deep depression. In 2017 GDP expanded by 1.3%, according to initial estimates, and is projected to accelerate to 2% in 2018 and 2.3% in 2019 (Figure 1). Labour market reforms have improved competitiveness and exports are leading the expansion. … More Achieving an inclusive and sustainable recovery in Greece

A balancing act: Why inequality increased in the Nordics

Mr. Jon Pareliussen, Economist, Sweden/Finland desk, Economics Department The Nordics are rightly renowned for being inclusive societies with low inequality compared to other OECD countries. However, some of the largest inequality increases over the past few decades took place in Sweden, Finland and Denmark. A newly released article  building on previous OECD work discusses how market forces, … More A balancing act: Why inequality increased in the Nordics

Will the inflation genie escape the bottle? New evidence on globalisation, competition and inflation

By Dan Andrews, Peter Gal and William Witheridge, Economics Department Markets and commentators are speculating that there may be a sustained pick-up in inflation in the United States, after years of subdued price pressures. Along with continued solid US jobs growth and low unemployment, there are tentative signs of higher wage growth and the fiscal … More Will the inflation genie escape the bottle? New evidence on globalisation, competition and inflation

Unblocking the productivity potential of local businesses in Ireland

By Yosuke Jin and Ben Westmore, Ireland Desk, OECD Economics Department. Irish GDP growth made headlines recently due to enormous upward revisions (e.g. + 25.6% for the sole year of 2015) related to the activities of a small group of multinationals. This raises the question of how much Irish productivity relies on multinational companies alone. … More Unblocking the productivity potential of local businesses in Ireland

Costa Rica: Distribuir los beneficios del crecimiento más ampliamente

Por Sonia Araujo y Lisa Meehan, Sección de Costa Rica, Departamento de Economía de la OCDE La economía de Costa Rica es sólida y continúa convergiendo hacia los niveles de vida de los países miembros de la OCDE (Figura 1). Si bien la productividad ha repuntado recientemente, sigue habiendo una gran brecha con respecto a … More Costa Rica: Distribuir los beneficios del crecimiento más ampliamente

Costa Rica: Sharing the benefits of growth more widely

By Sonia Araujo and Lisa Meehan, Costa Rica Desk, OECD Economics Department Costa Rica’s economy is strong and continues to converge towards OECD living standards (Figure 1). Although productivity has picked up recently, a wide gap relative to the OECD remains. Employment rates are low and unemployment remains above pre-crisis levels, hitting predominantly youth and … More Costa Rica: Sharing the benefits of growth more widely