Summary of Economic Policy Reforms 2015

Going for Growth

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Economic Policy Reforms 2015 summary
With the right reforms, OECD nations could raise per capita GDP by some 10% – the equivalent of $3,000 per person.

Rating

7 Overall

8 Importance

8 Innovation

6 Style

Recommendation

For governments, enacting structural changes in the face of slow economic growth remains a challenge. Still, nations must continue to introduce measures – such as infrastructure investment and labor reforms – that stimulate near-term demand. And policy makers need to ensure that a broad swath of the population, rather than a narrow band of privileged individuals, enjoys the fruits of these measures. This OECD survey of global economies provides a comprehensive look at reforms around the world and offers an analysis of which ones are most effective. getAbstract suggests this timely report to economists, policy makers, and government and business leaders.

In this summary, you will learn

  • Why structural reforms are essential in most OECD countries
  • How such changes can stimulate economic growth
  • Which types of reforms work best
 

Summary

Needed Change
For most OECD countries, returning to the financial health that prevailed before the 2008 financial crisis remains a challenge. Much of the developed world is dealing with high unemployment, lower productivity and reduced labor pools; the euro zone and Japan, in particular...
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The Organisation for Economic Co-operation and Development is an international forum of 34 nations that promotes global economic advancement and trade.


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