Africa: Climate Change and the Population 'Bomb': A Debate Not to Shy Away From Nov 20, 2009
The demand for cheap goods has forced many OECD countries' multinationals to shift production of their goods to China. Wal-Mart, for instance, the largest supermarket chain in the world, procures more than 50% of its goods from China, mainly for the US market. (allAfrica.com)
Rise in public sector borrowing Nov 20, 2009
- 7 hrs ago Britain PLC: Just one big black hole as tax crash drives our borrowing to - 7 hrs ago OECD urges action as Britain's debt mounts - 14 hrs ago. SHARED. (BBC News -- Business)
Switzerland and the EUDefence Nov 20, 2009
The western industrialised countries under the umbrella of the OECD increased their development aid in 2003. Switzerland, a member of the OECD's Development Aid Committee (DAC) subscribed SFr1. (SwissInfo.org, Switzerland)
Canadian Currency Declines for a Third Day as Equities, Crude Oil Tumble Nov 20, 2009
While the U.S. and the euro region will return to growth in 2010, mounting debt burdens will keep the expansion in check, the OECD said. Recovery Tentative. (Bloomberg -- Canada)
Racing to the future Nov 20, 2009
By 2030, according to the OECD, countries with a combined population of 3. 9 billion could face serious water scarcity. (Sydney Morning Herald -- Business)
World economy 'heads for growth' Nov 20, 2009
The Organisation for Economic Co-operation and Development (OECD) says growth and recovery are expected in 2010 in just about all world regions ... But the OECD warns developed nations not to expect a smooth ride ... The very measures that are helping richer nations to recover pose risks to that recovery, the OECD says. (BBC News -- Americas)
Health care and illegal immigrants in America: why Mexico is the key Nov 20, 2009
No wonder Mexico falls at the bottom of the 30 OECD states in terms of out-of-pocket outlays on physician and hospital visits. According to the Associated press, "Mexicans will do almost anything to avoid a public hospital emergency room, where ailing patients may languish for hours slumped on cracked linoleum floors that smell of sweat, sickness, and pine-scented disinfectant. Many don't see doctors at all, heading instead to the clerk at the corner pharmacy for advice on coping with a cold or... (Christian Science Monitor)
Recession to end this year - OECD Nov 20, 2009
Real gross domestic product (GDP) growth would likely be negative for this year but South Africa would emerge from the recession in the fourth quarter as the global financial downturn eased, the Organisation for Economic Co-operation and Development (OECD) said yesterday ... The OECD noted that the downturn and the large budget deficit had also made it "more urgent" to increase the efficiency of public expenditure ... While the first recession in South Africa in 17 years has not been... (Business Report, South Africa)
World economy gets back in shape - OECD Nov 20, 2009
China, the rest of Asia and the US were pulling the world out of an economic vortex with surprising if "modest" speed, the Organisation for Economic Co-operation and Development (OECD) declared yesterday ... The recovery was uneven, unsteady and unpredictable, the OECD said ... The OECD report on the global outlook concealed a big surprise in a table of data showing that at the current rate of recovery, worldwide activity will be back to normal within 25 months' time. (Business Report, South Africa)
Full Story » Nov 19, 2009
U.S. recovery seen subdued, jobless rate high: OECD - Yahoo ... U.S. recovery seen subdued, jobless rate high: OECD ... WASHINGTON (Reuters) The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, the OECD said on Thursday. (Yahoo News -- Top Stories)
U.S. recovery seen subdued, jobless rate high: OECD Nov 19, 2009
WASHINGTON (Reuters) The U.S. economic recovery will be weaker than after previous deep recessions, and the high jobless rate will decline only slowly, the OECD said on Thursday ... "Gauging the appropriate timing will not be a simple task, but prolonged stimulus risks unanchoring inflation expectations and destabilizing asset markets," the OECD said ... This time, the OECD is forecasting a modest 2. (Yahoo News -- Top Stories)
Disney sets out to make 'The Passion for kids' Nov 19, 2009
It is time for Governments to spell out their plans to balance their budgets as recession recedes, the OECD said. A Norwegian artist has turned his house into a shrine to Burberry by painting it in the distinctive tartan pattern synonymous with the fashion label. (Yahoo News -- 'The Passion of the Christ')
Economy rebounds but at heavy cost: OECD Nov 19, 2009
Search Type Choose a search type from the items below. More on the U.S. Economy. (Yahoo News -- Press Releases)
High-Level Forum Adopts "Tunis Declaration On Public Procurement Reforms in Africa" Nov 19, 2009
The four major themes discussed during the two-day Forum were: "Public Procurement reforms in Africa", Public Procurement as a tool for Economic Development", "Public Procurement Capacity Building Frameworks and Pro-integrity Initiatives", as well as "Public Procurement Reforms and regional Economic Integration". The Forum was organized by the AfDB in partnership with the Common Market for Eastern and Southern Africa (COMESA), the West African Economic and Monetary Union (WAEMU), the African... (allAfrica.com)
Asia helps feeble West in global recovery: OECD Nov 19, 2009
PARIS (Reuters) Asia is leading the global economy out of the deepest downturn in decades but the recovery will be marred by high unemployment and huge government debt across the industrialized countries, the OECD said on Thursday ... "We are looking at a scenario where disaster has been avoided but we're still looking at a scenario which involves slow growth and high unemployment," the OECD's chief economist, Jorgen Elmeskov, told Reuters television in an interview ... In the twice-yearly... (Yahoo News -- Press Releases)
Kloppers 'cautious' on global economy Nov 18, 2009
He said BHP Billiton had expected a similar restocking exercise would be required in Organisation for Economic Co-operation and Development (OECD) countries, but this has been slow so start. "Restocking activity in the OECD has been somewhat slow to start and has actually been quite lethargic to date," Mr Kloppers said. (Sydney Morning Herald -- Business)
All work and no extra pay Nov 18, 2009
That culture has been tipped on its head, as OECD figures show Australians work the longest week of any developed country - an average 44 hours. More and more of those long hours are being worked for nothing. (Sydney Morning Herald -- Business)
War-torn nations 'most corrupt' Nov 18, 2009
TI also welcomed action by the OECD and G20 group of richest nations to tackle tax havens and other places where corrupt government officials often harbour their money ... "The OECD's work in this area is welcome, but there must be more bilateral treaties on information exchange to fully end the secrecy regime.". (BBC News -- South Asia)
Business.view: Start-up nations Nov 18, 2009
To coincide with the week of activities the OECD has published its latest on the state of entrepreneurship, now expanded to 23 countries, including for the first time an emerging-market country, Brazil ... The OECD says the economic crisis has had a big impact on entrepreneurship ... Encouragingly, over the past decade most OECD countries have greatly reduced impediments to entrepreneurship (by making regulations clearer and reducing the bureaucracy involved in starting a business). (The Economist)
South Korea's recovery: Leaning experience Nov 17, 2009
1% in the fourth quarter of 2008, the economy was one of the first in the OECD to start growing again, three months later ... Randall Jones, an economist at the OECD, does not believe house prices in South Korea are excessively frothy ... Relative to income, they have risen by 5% since 2000, compared with jumps of more than 25% in some other OECD countries. (The Economist)
Chasing Corporations Out Of The U.S. Nov 17, 2009
The U.S. now spends more per capita on public education than any other OECD country, but its students test in the bottom decile. The U.S. Government's National Assessment of Educational Progress generates the "Nation's Report Card" annually. (Investors Business Daily)
Korean model triumphs over West Nov 17, 2009
6% growth, the highest in the 30-member Organization for Economic Cooperation and Development (OECD) ... 4%, compared with a year earlier, indicating its employment conditions remain relatively better than others in the face of the economic slowdown, a report from the Paris-based OECD showed on November 10 ... The OECD average rise was 2. (Asia Times Online)
Australia's Retail Bond Market Will Expand If Rules Are Relaxed, Nash Says Nov 16, 2009
Australian investors favor shares over fixed-income, with the nations pension fund industry putting 59 percent of funds into stock investments in 2008, according to OECD released in October. That was the highest allocation to equities out of the 28 nations the Organization for Economic Cooperation and Development surveyed, and saw investors suffer losses when Australias benchmark stock fell 41 percent in 2008 amid the worst global recession since World War II.. (Bloomberg -- Australia & New Zealand)
* Consumer demand for e-supermarkets booms in bad times Nov 16, 2009
And this great global shopping mall can only expand rapidly as mobile phone use explodes, the Chinese get involved and advertisers jump in, the Organisation for Economic Cooperation and Development (OECD) forecasts ... As the Christmas spending spree, vital to many retailers and manufacturers around the world, gets under way, the OECD also highlights other worries for consumers ... These are among the obstacles to increased cross-border trade, paradoxically even within the EU, which the OECD... (Taipei Times, Taiwan -- World)
Lack of Educated Construction Workers Hinders Brazil Builders Even, Cyrela Nov 16, 2009
Federal spending on education, while having increased 63 percent since Lula took office in 2003 to 34 billion reais last year, is about a fifth of the OECD average at $1,542 per student. Mexico and Chile spend in excess of $2,400. (Bloomberg -- Latin America)
Internet supermarket booms in bad times Nov 16, 2009
And the this great global shopping mall can only expand rapidly as mobile phone use explodes, the Chinese get involved and advertisers jump in, the OECD forecasts ... As the Christmas spending spree, vital to many retailers and manufacturers around the world, gets under way, the OECD also highlights other worries for consumers ... "The financial and economic crisis appears to be giving a e-commerce a boost as consumers search for ways to reduce expenditures by purchasing items online," the OECD... (Yahoo! Asia News)
No Free Lunch: The True Cost of ObamaCare Nov 14, 2009
The US innovations in diagnosis and treatment of prostate and breast cancer were associated with faster declines in mortality in the US than in OECD (Europe) countries. The US health care system provides Americans with better access to important new technologies -- such as for instance medical imaging -- than do patients in Canada or Britain. (Townhall.com)
A poor job of nurturing teens Nov 14, 2009
It is well below the OECD average of 85 per cent. ... If Australian youth participation is below OECD average then this also represents an opportunity to respond creatively. (Sydney Morning Herald -- Opinion)
* Singapore, France sign tax agreement Nov 14, 2009
The signing enabled the city-state to get off a gray list of countries that have not yet fully implemented standards set by the OECD, the industrialized nations club ... It was the 12th such agreement signed by Singapore X the minimum required by the OECD for a country to enter the elite white list of financial centers X and will come into force after formal passage by both parliaments ... I am particularly pleased to sign today the 12th protocol which allows the withdrawing of... (Taipei Times, Taiwan -- World Business)
Liechtenstein Will Work to `Marginalize' Tax Evasion, Prime Minister Says Nov 13, 2009
Nov. 12 (Bloomberg) -- Liechtenstein will step up the fight to eliminate tax evasion by reaching agreements with other countries after the principality shed its status as a tax haven under OECD rules, Prime Minister said ... Liechtenstein, a principality of 35,000 people wedged in the Alps between Switzerland and Austria, pledged in March to comply with the OECDs standards after spending years on an OECD list of uncooperative tax havens ... Signing the 12 so-called TIEAs was a key requirement... (Bloomberg -- Germany)
Seoul mates in the great recovery Nov 13, 2009
"Modern Korea's first economic phase in the 1980s, was 'perspiration' as it worked up a sweat establishing itself as an industrialised country, then it moved into a phase of 'aspiration' as it joined the OECD, now it will be in a phase of 'inspiration' as it transforms itself to deal with a new world with the challenges of climate change. A company like Samsung will be completely different in five years' time as it will reinvent itself to be a leading environmental player on the world stage.".... (Sydney Morning Herald -- Opinion)
US has Hong Kong in its sights Nov 13, 2009
The OECD has a so-called gray list of countries that haven't complied with global tax standards. Hong Kong and Singapore announced in February that they would put forward legislation to meet them, according to Pascal Saint-Amans, who heads the tax competition division at the OECD. Macau made a similar announcement in March. (Sydney Morning Herald -- Business)
A developing thirst Nov 13, 2009
Demand from these countries will overtake that of the industrialised OECD nations by 2030. By then, America, Japan and Europe will be using less oil than in 1980. (The Economist)
Singapore complies with OECD tax standards Nov 13, 2009
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Push and pull of a human tide Nov 13, 2009
Secondly, we know that Australia's economy has suffered less in the global financial crisis than almost any other OECD country and we also know that asylum seekers are sensitive to economic conditions in the receiving countries. . (Sydney Morning Herald -- World)
Africa: Bid to Merge Three Trading Blocs Faces Disparity Threat Nov 13, 2009
Statistics by the Organisation for Economic Co-operation and Development (OECD) showed that in Sub-Saharan African countries trade taxes still account for an average 25 per cent of total tax revenue and where value added tax (VAT) collected at the border often represents more than 50 per cent of total VAT revenues. "However, this should not be used as an excuse to delay the implementation of the initiative. Care will have to be taken to broaden the effective tax base and seek alternate sources... (allAfrica.com)
Africa: Reforms Shield Continent From Recession Nov 12, 2009
The deputy general secretary of the Organisation for Economic Co-operation and Development (OECD), Mario Amano, said yesterday that the recession's effect on Africa was mainly through decreased oil exploration and export earnings ... "The financial position is much better and inflation has been reduced," he said at the annual ministerial meeting arranged by the OECD, the New Partnership for Africa's Development (Nepad) and the Department of Trade and Industry ... Karim Dahou, executive manager... (allAfrica.com)
As immigration loses its appeal, we must train more workers Nov 11, 2009
OECD figures show that even last year, with unemployment at a 34-year low, employment rates for prime-age workers in Australia were in the bottom third of the OECD rankings ... The OECD figures show Australia almost at the bottom of the rich world in the amount it spends to train the unemployed. (Sydney Morning Herald -- Opinion)
Economics focus: Pay for delay Nov 11, 2009
A new report from the OECD identifies 14 kinds of job-market initiatives put in place since recession struck ... Schemes that subsidise the wages of employees working fewer hours than normal were introduced or expanded in 22 of the 29 countries surveyed by the OECD. Germany had around 1 ... Around half of the rich countries in the OECD survey have done so since the crisis beganby raising benefits, making it easier to claim them or providing for longer. (The Economist)
Is The U.S. Becoming a Third World ... Nov 11, 2009
The latest report from the (OECD) ranks the United States with the highest disparity of income in the developed world. They also report the U.S. has progressively become the most unequal society of all industrialized nations. (Suite101.com)
Dr Emerson, please tear down this supermarket duopoly Nov 11, 2009
With OECD figures demonstrating that Australia consistently has some of the highest levels of food inflation in the developed world, Federal Minster for Competition Policy and Consumer Affairs Craig Emerson must move quickly to inject new competition into the Australian grocery sector. It is a fundamental economic reality that consumer prices go up as markets get more concentrated. (Sydney Morning Herald -- Opinion)
The High Level Forum on Public Procurement Reform in Africa Nov 11, 2009
The forum on public procurement reforms in Africa is being organized by the (AfDB), in partnership with COMESA, WAEMU, the African Capacity Building Foundation (ACBF), the Organization for Economic Co-Operation and Development (OECD) and the World Bank (WB). Contacts. (allAfrica.com)
Supermarket duopoly blamed for soaring food prices Nov 9, 2009
According to new OECD price data, food prices in Australia have increased 41 ... " University of NSW associate professor Frank Zumbo said the OECD study compared costs over 10 years and eliminated variables such as drought. It exposed Australia's "cosy" supermarket duopoly as the main reason for the price surge. Coles and Woolworths account for about 80 per cent of the Australian market, with independent grocer chain IGA Supermarkets accounting for another 16 per cent, he said. "We're clearly... (Sydney Morning Herald -- Business)
Out of the loop Nov 8, 2009
Of 15 OECD countries, Australia's spending comes in at $250 for every man, woman and child, second only to Sweden, which is said to be shelling out more than $320 per person (all figures are in American dollars). This appears to be well ahead of France (about $140) and the US, which supposedly pays out only a shade over $50 per head in car industry assistance. (Sydney Morning Herald -- Opinion)
Major economies 'all recovering' Nov 7, 2009
The UK economy is indicating strong signs of growth says the OECD. Major economies across the world are showing strong signs of recovery, the Organisation for Economic Co-operation and Development (OECD) has said ... The OECD's leading indicators "point strongly" to growth in Italy, France, the UK and China. (BBC News -- Business)
The other Paris Nov 7, 2009
At least, the OECD has all the data required to publish it at short notice ... Brown tried to calm him down again, saying that the OECD Secretary-General would be publishing a list that afternoon and adding that he had personally made sure of that just a little while ago ... "It's not us, it's the OECD who's publishing the list.". (Salon)
America is rusting because of free trade Nov 7, 2009
" But finally, the future doesn't necessarily have to be a zero sum game, with just one country ruling supreme before another overcomes it: First Britain, than the U.S., and then China. As noted above, China isn't the only country nervous about the dollar. Emerging nations like Brazil and India and Russia are also getting itchy -- and their clout is steadily growing. Michele Bachmann may not like it, but the world is becoming increasingly multipolar. The permanent expansion of the G-7 group of... (Salon)
Berlusconi says OECD data proves Italy out of crisis Nov 7, 2009
ROME, Nov. 6 (Xinhua) -- Welcoming the Organization for Economic Cooperation and Development's (OECD) positive data on Italy's recovery, Italian Prime Minister Silvio Berlusconi on Friday said the country had finally exited from recession and was among the leading global economic powers ... The OECD said its composite leading indicators (CLIs) for September was up 3 ... Berlusconi welcomed the OECD data as a sign of economic optimism for the future, supported as well by the positive feedback he... (Xinhuanet, China)
We spend more on products with detailed nutritional information Nov 7, 2009
Only 10% acknowledged that they are overweight, a figure which contrasts with the OECD 2004 report, which evidences that 48% of the Spanish population are overweight. Brand impact. (EurekAlert!)
Thanks for your time, Clarke and other Kiwis: home calls Nov 6, 2009
New Zealand also has the dubious honour of having the highest exodus of skilled people in the OECD.. The lawyer Carrie Follas, 47, is one of them. (Sydney Morning Herald -- World)
New Zealand mayor: Pay 'appalling underclass' not to breed... Nov 6, 2009
New Zealand is placed third among OECD nations for child deaths due to maltreatment, four spots ahead of Australia, according to UNICEF.. It is ranked fifth for both child beatings and sexual abuse, again several places ahead of its antipodean neighbour. (The Drudge Report)
Worked up over nothing? Nov 6, 2009
Even a report released by the OECD a couple of months ago specified that aggregate working hours in Australia have fallen by 2. 6 percent since July 2008. (Sydney Morning Herald -- Business)
Are you sitting comfortably? Nov 6, 2009
In addition, and based on OECD modelling, the net replacement rate for a median-income earner in Australia was less than 60 per cent of the retirement income received by an equivalent Dutch retiree. Comparing retirement income systems is complex and perhaps controversial, as every system is different and has arisen from each country's particular economic, social, cultural, political and historical circumstances. (Sydney Morning Herald -- Business)
S Korea to cut greenhouse gas to 4 pct of 2005 level Nov 5, 2009
South Korea emitted 594 million tons of carbon dioxide in 2005, ranking 9th among Organization for Economic Cooperation and Development (OECD) member nations. The business circle, however, has been arguing that the 4-percent target, the most radical option among the three, is too severe for them to meet, worrying over the heavy cost expected. (Xinhuanet, China)
SPIN METER: Rankings unfair to US higher ed? Nov 4, 2009
It's just doing a better job than you might believe from the spin put on the annual OECD benchmarks ... A figure commonly cited from the OECD report is that only 56 percent of U.S. college students graduate ... However, that study is buried in an index to the OECD report. (Anchorage Daily News)
Kingdom of the Netherlands—The Netherlands 2009 Article IV Consultation: Preliminary Conclusions Nov 3, 2009
On the supply side, the mission notes that sustained productivity increases in health- and long-term care (achieved in some OECD countries) would significantly lower projected rises in spending ... Building on past progress, labor market reforms should aim to increase participation further (including reforms of the tax and benefit systems in particular to curtail disincentives to female, disadvantaged youth, and elderly work and increasing the retirement age), while productivity could be... (IMF News)
Public-service careers: A tough search for talent Nov 3, 2009
A report by the OECD, a rich-countries club, found that in 13 of the member countries surveyed, at least 30% of central-government workers were 50 years of age or older ... The stove-piped structure of government careers in most OECD countries takes little account of these new realities; talent that leaves is unlikely to return. (The Economist)
Debt mountain looms but euro zone can climb it Oct 31, 2009
Sweden's predicament after a banking crisis, recession and fiscal expansion at the start of the 1990s was not unlike the current situation for the most indebted European countries - though OECD officials note that debt burdens in the 1990s were lightened by falling interest rates, while euro zone rates can be expected to rise in coming years as the economy strengthens ... 9 per cent of GDP, in interest payments alone, according to OECD data ... 3 per cent in just three years, OECD data shows. (Sydney Morning Herald -- Business)
Passing the buck on Securency Oct 31, 2009
The OECD this month criticised Australia's failure to pursue foreign bribery - not a single prosecution has been launched in the decade since ratifying a global anti-bribery convention. As former Coalition attorney-general Philip Ruddock said this week, the nation was put on notice by the inquiry into the Australian Wheat Board bribery scandal in Iraq. (Sydney Morning Herald -- Opinion)
Executives Are Wrong to Devalue Values Oct 31, 2009
In looking at remedies, the OECD highlighted standards calling for directors not only to approve a bank's strategic objectives but also its "corporate values," and to ensure that they "are communicated throughout" the firm ... Now, according to the OECD, the bank is trying to "move towards a culture of shared responsibility and mutual respect" one in which risk managers are as prized as traders. (BusinessWeek)
South Korea invests big in green industry or does it? Oct 31, 2009
Its use of energy, pesticides, and fertilizer as well as its carbon-dioxide emissions are among the highest in the world relative to the size of the nation's economy, according to the Paris-based Organization for Economic Cooperation and Development (OECD). President Lee has pledged to announce his government's targets for CO2 emission reduction by the end of this year. (Christian Science Monitor -- World)
The value of life Oct 30, 2009
According to the Organization for Economic Co-operation and Development (OECD), of donor nations only Denmark, Norway, Sweden, Luxembourg and the Netherlands exceeded the seven percent target in 2008. The United States aid spending was only a quarter of what it pledged and although the United States gave more than any other donor nation about $25 billion as a percentage of GNP, its aid spending was amongst the lowest of all donor nations and well behind nations of the European Union and Spain... (Paragould Daily Press, AR)
Retreat rains on float parade Oct 30, 2009
There will be companies in the OECD markets that achieve such growth, he says, but they will be rare. In the developing economies, growth that beats what the developed economies are delivering will be easier to find Bolton says. (Sydney Morning Herald -- Business)
Porn-Film Maker Turned Farmer Joins Japanese Movement to End Co-Op's Grip Oct 30, 2009
Japanese farmers typically derive 50 percent of their revenue from subsidies, price supports and restrictions on imports, compared with 12 percent for the U.S., the OECD says ... The OECD says Japans average farm size is 2. (Bloomberg)
Tech firms: Back to the boards Oct 29, 2009
The OECD believes a recovery has been under way for some time, particularly in Asia ... In the countries of the OECD, the organisation s secretariat estimates, it accounts for more than 8% of value-added and nearly 6% of employment ... Sacha Wunsch-Vincent, an economist at the OECD, says, For most OECD countries, the prospects are of a very fragile and weak recovery, for the overall economy and thus for IT.. (The Economist)
