We are facing unprecedented challenges – social, economic and environmental – driven by accelerating globalisation and a faster rate of technological developments. At the same time, those forces are providing us with myriad new opportunities for human advancement. The future is uncertain and we cannot predict it; but we need to be open and ready for it. The children entering education in 2018 will be young adults in 2030. Schools can prepare them for jobs that have not yet been created, for technologies that have not yet been invented, to solve problems that have not yet been anticipated. It will be a shared responsibility to seize opportunities and find solutions. To navigate through such uncertainty, students will need to develop curiosity, imagination, resilience and selfregulation; they will need to respect and appreciate the ideas, perspectives and values of others; and they will need to cope with failure and rejection, and to move forward in the face of adversity. Their motivation will be more than getting a good job and a high income; they will also need to care about the well-being of their friends and families, their communities and the planet.
Views: 7036 EduSkills OECD
Welcome to the Investors Trading Academy talking glossary of financial terms and events. Our word of the day is “OECD” OECD is the common name for the Organization for Economic Cooperation and Development (OECD) is a unique forum where the governments of 34 democracies with market economies work with each other, as well as with more than 70 non-member economies to promote economic growth, prosperity, and sustainable development. The OECD provides a forum in which governments can work together to share experiences and seek solutions to common problems. We work with governments to understand what drives economic, social and environmental change. The organization measures productivity and global flows of trade and investment. They analyze and compare data to predict future trends. The OECD sets international standards on a wide range of things, from agriculture and tax to the safety of chemicals. The Organization for Economic Co-operation and Development celebrated its 50th anniversary, but its roots go back to the rubble of Europe after World War II. Determined to avoid the mistakes of their predecessors in the wake of World War I, European leaders realized that the best way to ensure lasting peace was to encourage co-operation and reconstruction, rather than punish the defeated. The OEEC was established in 1947 to run the US-financed Marshall Plan for reconstruction of a continent ravaged by war. By making individual governments recognize the interdependence of their economies, it paved the way for a new era of cooperation that was to change the face of Europe. By Barry Norman, Investors Trading Academy
Views: 39029 Investor Trading Academy
with Andreas Schleicher - Director of the OECD DIrectorate for Education and Skills Education at a Glance: OECD Indicators is the authoritative source for information on the state of education around the world. It provides data on the structure, finances and performance of education systems in the 35 OECD and a number of partner countries. With more than 100 charts and tables, Education at a Glance 2018 imparts key information on the output of educational institutions, the impact of learning across countries, and worldwide access, participation and progression in education. It also investigates the financial resources invested in education, as well as teachers, the learning environment and the organisation of schools. The 2018 edition presents a new focus on equity in education, investigating how progress through education and the associated learning and labour market outcomes are impacted by dimensions such as gender, the educational attainment of parents, immigrant background, and regional location. The publication introduces a chapter dedicated to Target 4.5 of Sustainable Development Goal 4 on equity in education, providing an assessment of where OECD and partner countries stand in providing equal access to quality education at all levels. Finally, new indicators are introduced on equity in entry to and graduation from tertiary education, and the levels of decision-making in education systems. New data are also available on the statutory and actual salaries of school heads, as well as trend data on expenditure on early childhood education and care and the enrolment of children in all registered early childhood education and care settings. More data are available on the OECD educational database.
Views: 542 EduSkills OECD
Project Zero at the Harvard Graduate School of Education and the Directorate of Education and Skills at the OECD are pleased to co-host the public launch of the new OECD PISA Global Competence Framework, the foundation for the PISA test of 2018. Andreas Schleicher will introduce the OECD framework and leaders in global education will discuss its implications for educational policies and practices.
Views: 7983 HarvardEducation
The OECD Skills Outlook 2017 shows how countries can make the most of global value chains, socially and economically, by investing in the skills of their populations. Applying a “whole of government” approach is crucial. Countries need to develop a consistent set of skills-related policies such as education, employment protection legislation, and migration policies, in coordination with trade and innovation policies. This report presents new analyses based on the Survey of Adult Skills and the Trade in Value Added Database. It also explains what countries would need to do to specialise in technologically advanced industries.
Views: 1022 EduSkills OECD
Parallel Session 1. Whole-of-government indicator & policy frameworks for well-being and sustainability
How does a soldier become of one of Myanmar’s top civil servants? In this talk, U Aung Naing Oo, the Director-General of Myanmar government agency, the Directorate of Investment and Company Administration, recalls important life lessons and leadership experiences he gained in two of Myanmar’s largest institutions - the army and the civil service. He talks of learning resilience in life on the front line sleeping amongst fallen comrades, and learning to lead in the bureaucracy by empowering civil servants who were not accustomed to making decisions. He shares some inspirational thoughts on leadership and having the courage to say no in a culture dominated by respect for authority. Aung Naing Oo is the Director-General of the Directorate of Investment and Company Administration, an agency of the Ministry of National Planning and Economic Development. He is also the secretary-general of the Myanmar Investment Commission (MIC). He served in the military for almost twenty years, before being appointed to the Myanmar civil service as a Deputy General Manager and then General Manager of the Myanmar Agricultural Produce Trading Enterprise under the Ministry of Commerce from 2000 to 2005. In 2006, he was transferred to the Minister of Commerce’s Office as a Principal Officer (Deputy Director General) and in 2010, he served as a Deputy Director General of the Department of Border Trade. He has represented Myanmar in policy dialogue with various institutions including the WTO and participated in many international seminars and meetings related to investment, trade and ASEAN affairs. He was also the Co-chair of OECD Task-force on Policy Framework for Investment. This talk was given at a TEDx event using the TED conference format but independently organized by a local community. Learn more at http://ted.com/tedx
Views: 5847 TEDx Talks
U Aung Naing Oo, Director General of the Directorate of Investment and Company Administration under the Ministry of Investment and Foreign Economic Relations, talked at the Parami Talk Series on March 2nd. The topic of the talk is “Reforms and Challenges in the Country in Transition.” He shared his experiences in leading sweeping reforms in Myanmar, particularly to promote investments in the country’s future and the corresponding challenges that come with international investments. The talk was delivered in English. Speaker Bio: U Aung Naing Oo currently serves as the Director General of the Directorate of Investment and Company Administration (DICA), a position he has held since 2012. After nearly 20 years of military service, U Aung Naing Oo began his work as a government official in 2000, where he has worked in a number of roles at both the Ministry of Commerce and Ministry of Finance and Planning. Over the course of his career, he has been very instrumental in driving positive organizational changes and improving the policy formulation process at DICA. He played a leading role in recasting the regulatory environment in Myanmar and has made it much more attractive for foreign investors by implementing the new Myanmar Investment Law and Rules. He also played an important part in drawing up the Special Economic Zone Law, as well as the redrafting of the Myanmar Companies Law, which provides a modern foundation for doing business in Myanmar. He has also been active in far-reaching economic reforms in other policy areas of the Government. More recently, he served as the Co-chair of OECD Task-force on updating Policy Framework for Investment, which was endorsed by the G-20 Summit and has been widely accepted internationally. He was also Myanmar’s Senior Economic Official to ASEAN. U Aung Naing Oo has a Bachelor of Arts and has post-university training in institutions including the World Trade Organization (WTO). He has participated in many international seminars and meetings related to investment, trade, and ASEAN affairs.
Views: 187 Parami Institute
An interview of Mario Pezzini (Director, OECD Development Centre) recorded at the occasion of a conference co-organized by the European Think Tanks Group (ETTG) (IDDRI, DIE, ECDPM and ODI) on October 24th 2016 at Paris. The past decade has witnessed times of existential crisis: the world is getting more complex, connected and contested. In a changing world, the EU has to change its development policy framework. For what goals and priorities? With what means?
Views: 117 IddriTV
OECD Global TAX
Views: 1854 EBSCulture (EBS 교양)
Fund surveillance is at a pivotal point. Global trends in technology and demographics, among others, are changing the economic landscape in many countries. Traditional economic policy prescriptions are increasingly being questioned. New economic powers and development strategies are rising, with associated tensions between national priorities and the global common good. Against this background, the panel will explore how the IMF can step up analysis and policy advice to better serve our members as well as how to bring the membership together to ensure robust, resilient global growth. Join the conversation via #GlobalTrends
Views: 601 IMF
2015- The DCR is an OECD DAC Flagship report that addresses important challenges for the international community and provides practical guidance and recommendations on how to address them
Views: 1020 OECD-on-Development
The OECD DAC Blended Finance Principles for Unlocking Commercial Finance for the SDGs have been officially endorsed at the 51st High-Level Meeting of the OECD Development Assistance Committee on October 31st, 2017. Learn in this webinar about the OECD DAC Blended Finance Principles and how these can help to unlock commercial finance for the SDGs. The principles aim to ensure that Blended Finance is deployed in the most effective way for sustainable development by effectively mobilising additional commercial capital for financing development interventions and maximising impact, while offering competitive opportunities for financial investors. For more information on Blended Finance: http://oe.cd/blended
Views: 711 OECD-on-Development
In times of growing economic inequality, improving equity in education becomes more urgent. While some countries and economies that participate in the OECD Programme for International Student Assessment (PISA) have managed to build education systems where socio-economic status makes less of a difference to students’ learning and well-being, every country can do more. Equity in Education: Breaking Down Barriers to Social Mobility shows that high performance and more positive attitudes towards schooling among disadvantaged 15-year-old students are strong predictors of success in higher education and work later on. The report examines how equity in education has evolved over several cycles of the OECD Programme for International Student Assessment (PISA). It identifies the policies and practices that can help disadvantaged students succeed academically and feel more engaged at school. Using longitudinal data from five countries (Australia, Canada, Denmark, Switzerland, and the United States), the report also describes the links between a student’s performance near the end of compulsory education and upward social mobility – i.e. attaining a higher level of education or working in a higher-status job than one’s parents.
Views: 971 EduSkills OECD
Watch CARE Invited Expert Arno Engel reflect on some of the take-home messages of the CARE project and final conference, namely regarding quality, equity and diversity issues in European ECEC. Arno Engel discusses how some of the CARE findings are relevant beyond European borders, to inform policy in partner OECD countries, as well as the design of upcoming surveys, such as the TALIS Starting Strong Survey. CARE Expert Arno Engel is a policy analyst at the Directorate for Education and Skills of the Organisation for Economic Co-operation and Development (OECD). The research leading to these results, and all CARE dissemination products, received funding from the European Community's Seventh Framework Programme (FP7 – SSH2013) under grant agreement n° 613318.
Presentation William Kovacic, Professor of global competition law and policy, George Washington University ; Former chairman, U.S. Federal Trade Commission Panel discussion Chair: Georgios Petropoulos, Research Fellow Cristina Caffarra, Vice President, Head of European Competition Practice, Charles River Associates Antonio Capobianco, Senior competition expert, OECD Kris Dekeyser, Director, Policy and Strategy, European Commission, DG COMP
Views: 175 Bruegel
Sustainable investing incorporates Environmental, Social, and Governance (ESG) factors into the investment decision making process, and has traditionally been limited to institutional investors. We are proud to be the first in Canada to offer this research to direct investing clients.
Views: 4933 Scotia iTRADE
Private investment is key to secure the USD 3.3 to 4.5 trillion needed yearly to achieve the Sustainable Development Goals. A new OECD report looks at how to ensure that doing good for people and the planet is also good for business.
Views: 9488 OECD
Private investment is crucial for achieving the Sustainable Development Goals (SDGs). Developing countries, in particular, need to be able to better identify and facilitate the kind of investment that will contribute to their sustainable development. This session will look at practical examples of investment facilitation for sustainable development, as well as the broader mechanisms through which it can be achieved. It will focus on potential tools to measure the quality as opposed to the quantity of investment. Panelists: - Marten van den Berg, Director General for Foreign Economic Relations, Ministry of Foreign Affairs, Government of the Netherlands - Ana Novik, Head of the Investment Division, OECD - Howard Mann, Associate and Senior International Law Advisor, International Institute for Sustainable Development (IISD) - Bostjan Skalar, Chief Executive Officer, World Association of Investment Promotion Agencies (WAIPA) - Elizabeth Tuerk, Chief, International Investment Agreements Section, Division on Investment and Enterprise, UNCTAD - Chiedu Osakwe, Director General and Chief Negotiator, Nigerian Office for Trade Negotiations (NOTN)
Views: 210 ICTSD
Secretary-General of the OECD, Ángel Gurría, will discuss the importance of the OECD as a resource to guide members and aspiring members on best-practices and international experience in effective and innovative public policy making. He will also discuss the issue of OECD Enlargement and its potential for dramatic and positive impact on the development prospects for candidates for membership. With a careful attention to the successful case of South Korea, countries such as Argentina, Brazil, Colombia, Costa Rica and Peru are reaching out to the OECD. Secretary-General Gurría comes from a long and distinguished background in public service, having held positions such as Minister of Foreign Affairs and Minister of Finance and Public Credit in Mexico. His career at the OECD spans 11 years, during which he has shaped the institution into a remarkable resource to guide countries in their road to economic development and good governance.
Views: 578 Center for Strategic & International Studies
The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 35 member countries, founded in 1960 to stimulate economic progress and world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members. Most OECD members are high-income economies with a very high Human Development Index and are regarded as developed countries. OECD is an official United Nations Observer. In 1948, the OECD originated as the Organisation for European Economic Co-operation , led by Robert Marjolin of France, to help administer the Marshall Plan . This would be achieved by allocating American financial aid and implementing economic programs for the reconstruction of Europe after World War II. In 1961, the OEEC was reformed into the O... http://www.wikividi.com ____________________________________ Shortcuts to chapters: 00:01:58: Organisation for European Economic Co-operation 00:04:07: Founding 00:05:28: Enlargement to Central Europe 00:06:20: Reform and further enlargement 00:10:15: Aim 00:11:29: International investments and multinational enterprises 00:13:42: PISA 00:14:07: Taxation 00:17:47: Publishing 00:18:27: Magazine 00:19:14: Statistics 00:19:30: Working papers 00:19:46: Reference works 00:20:21: Meetings 00:21:02: Secretariat 00:23:36: Committees 00:24:07: Current members 00:24:36: Relations with non-members ____________________________________ Copyright WikiVidi. Licensed under Creative Commons. Wikipedia link: https://en.wikipedia.org/wiki/OECD
Views: 123 WikiVidi Documentaries
Project Zero at the Harvard Graduate School of Education and the Directorate of Education and Skills at the OECD are pleased to co-host the public launch of the new OECD PISA Global Competence Framework, the foundation for the PISA test of 2018. Andreas Schleicher will introduce the OECD framework and leaders in global education will discuss its implications for educational policies and practices.
Views: 406 HarvardEducation
The OECD/G20 Base Erosion and Profit Shifting (BEPS) Project provides governments with solutions for closing the gaps in existing international rules, that currently allow corporate profits to “disappear” or be artificially shifted to low/no tax environments, where little or no economic activity takes place. For more info visit: http://www1.oecd.org/tax/preventing-the-granting-of-treaty-benefits-in-inappropriate-circumstances-action-6-2015-final-report-9789264241695-en.htm
Views: 30732 OECD
Over the past 15 years, the education debate has become increasingly internationalized following the birth of the OECD’s PISA survey. PISA scores measure the skills and knowledge of students internationally and have become widely interpreted as a measure of countries’ education policy success. Policymakers in countries with lower PISA scores often look to countries that fare well on PISA for ideas to improve student performance.
Views: 829 The Heritage Foundation
Marco Marchese sits down with the Africa Programme at Chatham House to discuss the role of competition, investment and taxation in fostering a productive environment for the scaling up of business in Africa.
Views: 122 Chatham House
In this video, Antonella Noya (Head of Unit Social Entrepreneurship and Social Innovation at the OECD) presents the main policy messages on how to support social economy and social enterprise development. The presentation was recorded in the framework of the 8TH ILO Social and Solidarity Academy that took place in Seoul, Korea, on 26-30 June 2017. Find out more about OECD work on Local Economic and Employment Development at http://www.oecd.org/employment/leed/
Views: 846 OECD SMEs, Regions and Cities
- Ms Tamzin Ratcliff
Wrap-up of the national and regional conference with the OECD on "Promoting business linkages in global value chains: Policies and tools” and the National Conference "Promoting inclusive Investment for Local Development in Lebanon" within the framework of the EU and the OECD program to promote investment in the Mediterranean region. The recommendations stressed the need to proceed with the infrastructure program, promote economic zones, boost expatriate investments and activate the cooperation between the public and private sectors.
Views: 80 IDAL INVEST IN LEBANON
OECD Acting Director for the Directorate of Education and Skills, Andreas Schleicher answers crowdsourced questions for the Global Education and Skills Forum, 2014. Don't miss new Big Think videos! Subscribe by clicking here: http://goo.gl/CPTsV5 Find out more about the Global Education & Skills Forum: http://www.educationandskillsforum.org Questions: -- Will we ever see an international assessment that tracks student learning across multiple years? -- Do parents have an impact on student success? -- Is there a risk that good PISA scores might lead to complacency? -- Is the humanistic approach to evaluation an important indicator? Transcript - We need to become better at tracking student learning growths not at just seeing where students are at any point in time but also seeing how they actually progress in their learning pathways. And actually a lot is happening in that field. In fact, the PISA assessment as we have it currently focusing on 15 year olds is looking into expanding to lower grades so that we can actually get at least at the synthetic level some sense of the progress that is being made in education raising quality, improving equity and also value for money. The PISA data show that parents have a very significant influence on the success of their children. We see that where parents have a greater expectations on education, where parents are more closely involved in the education of their children results are significantly better. And it's not only in terms of the academic performance of students but it's also in terms of their attitudes toward learning, their enjoyment of learning. Their persistence when things get tough in school. So parental involvement is very important. We also see that that parental involvement isn't about having an academic degree as a parent or spending hours of time on homework. It's really the interest parents show for the education of their children. For example, when parents regularly ask their children, you know, "How was school today? What did go wrong?" We can see those kids actually having a significantly higher performance at school than kids -- even kids from wealthy neighborhoods where parents do not show that level of engagement. So a very important ingredient for success is to make parents part of the equation. If you do well you might think you don't need to improve. But, in fact, the PISA data do not lend much evidence to this. In fact, some of the most rapidly improving systems are some of the best performing systems. They want to move from good to great. They're actually seeing, you know, how is the labor demand shaping up in the future. What are the kind of knowledge and skills that we need to improve on? I'll give you an example. You can look at Singapore. Singapore has always done well on math and science tests. But Singaporean educators have not been satisfied with this. They're looking to how can we strengthen students ways of thinking, creativity, critical thinking, problem solving. Students ways of working, collaboration, teamwork and so on. So the education system is actually looking towards moving forward. Complacency is a risk but we do actually see very encouraging signals that improvement is taking place at every part of the system. You cannot improve what you can't measure. So the measurement framework is really, really critically important. But we also do see incentives not only for our low performers to catch up but also for the strong performers to move forward further. It was a bit long? A humanistic perspective is very important to evaluating educational results. In fact, we need to get away from looking at education with a single perspective. Evaluation can only take part place in a framework of multiple kinds of perspectives. Looking at test data from students is one perspective. Looking at teachers views on student performance. Looking at other students -- it's this kind of multiplicity of instruments that actually help us improve education. And that's true even at the level of teachers, you know. You can evaluate teachers on the basis of student learning outcomes. This is one perspective. But you also need to bring in other perspectives that value the broader responsibilities that teachers have. So looking at outcomes from multiple perspectives including these kind of quality -- qualitative outlook is very, very important. Directed and Produced by Jonathan Fowler
Views: 11675 Big Think
This lecture is part of a Coursera course called 'Rethinking International Tax Law'. It is given by Prof. Dr. Sjoerd Douma from the International Tax Center. Do you want to learn more and practice with the content? You’ll find this online university course for free at https://www.coursera.org/learn/international-taxation. This video by Leiden University is licensed under a Creative Commons Attribution-NonCommerical-ShareAlike 3.0 Netherlands License (see http://creativecommons.org/licenses/b...). Contact: [email protected]
Views: 3070 Centre for Innovation - Leiden University
Financial Transparency is the new global standard. The OECD Common Reporting Standard (CRS) expands the scope of cross board financial account disclosure originally introduced by the US Foreign Account Tax Compliance Act (FATCA). Malaysia is a fully committed member of the CRS Multilateral Competent Authority Agreement, with 60 exchange relationship where the Malaysia IRBM will send financial data to foreign tax authorities, and 84 exchange relationship where the IRBM will receive financial data on accounts held by Malaysians in countries such as Singapore, Australia, China, Hong Kong, New Zealand, Switzerland and UK. In order to counter attempts to circumvent and avoid the CRS, the OECD published on the 9th March 2018 the Mandatory Disclosure Rules (MDRs). The MDRs provide the basis on which CRS Avoidance Arrangements are required to be Disclosed and later exchanged with relevant foreign tax authorities. The purpose of the talk is to discuss and explore the above initiatives and in particular the provisions of the Mandatory Disclosure Rules, ending with a brief update on the status and developments surrounding the US FATCA
Views: 265 Labuan IBFC
The SMERU Research Institute www.smeru.or.id www.facebook.com/SMERUInstitute @SMERUInstitute
Views: 70 The SMERU Research Institute
OECD global Tax
Views: 1650 EBSCulture (EBS 교양)
Colm Harmon, Head of School, School of Economics, University of Sydney, Australia Andreas Schleicher, Director, Education and Skills; Special Advisor on Education Policy to the Secretary-General, OECD
Views: 543 OECD
In 2017, the Inclusive Framework on BEPS renewed the mandate of the Task Force on the Digital Economy (TFDE) to continue work on the tax challenges of the digitalized economy. The TFDE is expected to deliver its interim report thereon in April 2018. The EU group that is studying the same issue is due to release its findings and recommendations shortly beforehand. At the same time, an increasing number of countries have begun taking steps towards the implementation of unilateral and uncoordinated domestic measures aimed at taxing digitalized activities and highly digitalized business models. Stay updated concerning measures governments are taking in response to the tax challenges posed by the digitalization of the global economy. (Live presentation was aired on 24 May 2018) http://www.deloitte.com/ap/dbriefs
Views: 542 Deloitte Dbriefs AP
Critics such as economist Paul Krugman and U.S. Treasury Secretary Timothy Geithner have argued that the regulatory framework did not keep pace with financial innovation, such as the increasing importance of the shadow banking system, derivatives and off-balance sheet financing. A recent OECD study suggest that bank regulation based on the Basel accords encourage unconventional business practices and contributed to or even reinforced the financial crisis. In other cases, laws were changed or enforcement weakened in parts of the financial system. Key examples include: Jimmy Carter's Depository Institutions Deregulation and Monetary Control Act of 1980 (DIDMCA) phased out a number of restrictions on banks' financial practices, broadened their lending powers, allowed credit unions and savings and loans to offer checkable deposits, and raised the deposit insurance limit from $40,000 to $100,000 (thereby potentially lessening depositor scrutiny of lenders' risk management policies.) In October 1982, U.S. President Ronald Reagan signed into law the Garn--St. Germain Depository Institutions Act, which provided for adjustable-rate mortgage loans, began the process of banking deregulation, and contributed to the savings and loan crisis of the late 1980s/early 1990s. In November 1999, U.S. President Bill Clinton signed into law the Gramm--Leach--Bliley Act, which repealed part of the Glass--Steagall Act of 1933. This repeal has been criticized for reducing the separation between commercial banks (which traditionally had fiscally conservative policies) and investment banks (which had a more risk-taking culture). However, the vast majority of failures were at institutions that were created by Glass-Steagall. In 2004, the U.S. Securities and Exchange Commission relaxed the net capital rule, which enabled investment banks to substantially increase the level of debt they were taking on, fueling the growth in mortgage-backed securities supporting subprime mortgages. The SEC has conceded that self-regulation of investment banks contributed to the crisis. Financial institutions in the shadow banking system are not subject to the same regulation as depository banks, allowing them to assume additional debt obligations relative to their financial cushion or capital base. This was the case despite the Long-Term Capital Management debacle in 1998, where a highly leveraged shadow institution failed with systemic implications. Regulators and accounting standard-setters allowed depository banks such as Citigroup to move significant amounts of assets and liabilities off-balance sheet into complex legal entities called structured investment vehicles, masking the weakness of the capital base of the firm or degree of leverage or risk taken. One news agency estimated that the top four U.S. banks will have to return between $500 billion and $1 trillion to their balance sheets during 2009. This increased uncertainty during the crisis regarding the financial position of the major banks. Off-balance sheet entities were also used by Enron as part of the scandal that brought down that company in 2001. As early as 1997, Federal Reserve chairman Alan Greenspan fought to keep the derivatives market unregulated. With the advice of the President's Working Group on Financial Markets, the U.S. Congress and President allowed the self-regulation of the over-the-counter derivatives market when they enacted the Commodity Futures Modernization Act of 2000. Derivatives such as credit default swaps (CDS) can be used to hedge or speculate against particular credit risks. The volume of CDS outstanding increased 100-fold from 1998 to 2008, with estimates of the debt covered by CDS contracts, as of November 2008, ranging from US$33 to $47 trillion. Total over-the-counter (OTC) derivative notional value rose to $683 trillion by June 2008. Warren Buffett famously referred to derivatives as "financial weapons of mass destruction" in early 2003. http://en.wikipedia.org/wiki/Financial_crisis_of_2007%E2%80%9308
Views: 1845 The Film Archives
Low productivity is probably the greatest challenge facing the UK economy, according to 'Productivity & Business' by Anna Valero, part of the CEP #ElectionEconomics series. See http://cep.lse.ac.uk/election2015/. Objective, brief and non-technical, CEP Election Analysis is a series of background briefings on the policy issues in the May 2015 UK General Election, from the Centre for Economic Performance. More: - UK productivity (GDP per hour) and income grew faster than in France, Germany and the United States between 1979 and 2008, reversing a century of relative decline. Increases in higher education, tougher product and labour market competition, the adoption of information and communication technologies, and innovation policies all contributed. · UK productivity stagnated after the Great Recession of 2008-09 and remains about 15% below historical trends. This ‘productivity puzzle’ is due to a mixture of cyclical and structural effects – the fall is not entirely permanent. · The poor performance in recent years has widened a longstanding productivity gap between the UK and other countries. UK GDP per hour is currently around 17% below the G7 average. This is due to low investment (especially in infrastructure and innovation), poor management and weak intermediate skills. · Weak competition, short-termism and bad debts in the banking sector have hurt access to finance for productive businesses, especially innovative small and medium-sized enterprises. Pro-competition policies in banking have delivered limited results. · All parties agree on the importance of improving the UK’s productivity performance, and that business policies that boost innovation and investment are key, in particular through improving firms’ access to finance, information and expertise. There is also consensus for support for key industries via the new form of industrial policy. · The parties appear to be committed to ring-fencing the science budget, but no party has so far committed to protecting it in real terms. This is a concern since government-financed research and development is important both in its own right and through the many benefits it brings to innovation in the private sector. · There are differences between the parties on corporate tax, regulation and corporate governance. It is important that the principle of independent regulation be protected without heavy-handed intervention by politicians. Anna Valero, co-author of the report, concludes: ‘The UK’s longstanding productivity underperformance has been heightened since the global financial crisis. ‘To meet this central policy challenge, the UK needs a long-term framework for investment and innovation. This ties in with many other policy areas, not least ensuring that there is an adequate supply of skills and a strong infrastructure network.’ ENDS
Views: 1467 Economic Performance
Globalisation has offered multinational enterprises ever-increasing opportunities to reduce their taxes, often by moving profits to offshore financial centres. The OECD/G20 Base Erosion and Profit Shifting Project aims to provide governments the building blocks for a clear international solution to corporate tax planning strategies that exploit loopholes in the current legal framework. To find out more, please visit: http://www.oecd.org/ctp/beps.htm
Views: 15648 OECD
Global Economic Governance and Human Development highlights how traditional understandings of economic development in low and mid-income countries have largely been influenced by the economic narrative of Western Official Development Assistance (ODA). Within this framework, compliance with macroeconomic orthodoxy and early integration in Global Economic Governance (GEG) regimes are presented as enabling conditions to reach enhanced and sustainable levels of economic growth and social betterment. Yet, this narrative often fails to answer fundamental questions surrounding relational dynamics between the economies of ODA beneficiary countries and the GEG regimes they are asked to join. Bringing together contributions by Government officials, academics and development practitioners, this edited volume explores quantitative and qualitative approaches to socio-economic analysis in low and mid-income countries, highlighting the conditions under which international economic policies and institutions can foster – or hinder – their socio-economic growth. In particular, contributions address the impact of both West and China-inspired international economic regimes on value-adding capacity, trade, investments, job creation and social development. The analyses, while distinguishing the beneficial policies for low and mid-income countries, advances the debate on fair legal conditions that minimize the costs of joining international economic regimes for such economies.
Views: 59 The Bahá'í Chair for World Peace
Minister for Civil Society Rob Wilson hosted an event to announce the OECD publication of 'Social Impact Investment: Building the Evidence Base.' Read the report here: http://www.oecd.org/sti/ind/social-impact-investment.htm Published by the Organisation for Economic Co-operation and Development (OECD), this report provides a framework for assessing the social impact investment market and focuses on the need to build the evidence base. The report highlights the importance of further international collaborations in developing global standards on definitions, data collection, impact measurement and evaluation of policies.
Views: 833 cabinetofficeuk
Development Cooperation Report 2014: To know more, you can subscribe to this list: http://eepurl.com/PDb8T. What is the Development Co-operation Report (DCR)? The DCR is a yearly report led by the Chair of the Developemnt Assistance Committee and one of the OECD's yearly flagship publications. Every year, the DCR addresses an important challenge for the international development community and provides practical guidance and recommendations on how to tackle it. Moreover, it reports the profiles and performance of Development Assistance Committee (DAC) development cooperation providers and presents DAC statistics on official and private resource flows. The current cycle of reports is designed to prepare for 2015 and beyond. The Development Co-operation Report 2014 is the second in a trilogy (2013-15) focusing on "Global Development Co-operation Post-2015: Managing Interdependence". The DCR 2013 looked at how to end poverty by 2030 http://www.oecd.org/dac/dcr2013.htm. What is the background to the 2014 report? At the Development Assistance Committee's High-Level Meeting (HLM) in December 2012, DAC Ministers called for modernizing the DAC statistical system and devising a new, broader measure of total official support for development. The 2014 Development Co-operation Report (DCR) complements work to fulfill this mandate by exploring the many potential sources of development finance, as well as the diverse means of mobilising additional resources to fund the implementation of the post-2015 goals. This will include a focus on mobilising financial resources from the private sector. The DCR 2014 will do this in three parts: In part one, the DCR introduces a number of different sources of finance currently available to developing countries: from official development assistance (ODA), to foreign direct investment and resources from institutional investors, to domestic revenues, philatrophy and resources raised by civil society, as well as remittances. Part two discusses practical means of mobilising further resources: for example, smart use of ODA to leverage additional resources and mitigate risks; policy reforms to improve the environment for investment in developing countries, mobilize domestic resources and combat illicit flows; and innovative mechanisms that can generate additional resources to finance sustainable development. In part three, the DCR explores how to mobilise resources to finance the provision of global public goods: for example, to combat climate change, promote peace and security, and create a fair and equal trading system. The Development Co-operation Report 2014 will be launched at the DAC Senior Level Meeting in October 2014. Till then, subscribe for updates here: http://eepurl.com/PDb8T. To visit the web page, please see http://www.oecd.org/dac/dcr2014.htm.
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About this Event 04 Nov 2009 @ 8:30 The OECD and the G20 An Evolving Relationship About the Speech: At this breakfast presentation at the IIEA, Angel Gurría discussed the evolving relationship between the OECD and the G20 and the implications, both for his organisation and for the global economic system, of decisions taken at the G20's Pittsburgh Summit in September 2009. Secretary General Gurría noted that the G20 is fast becoming the centrepiece of todays international economic, social and environmental governance architecture. He also described how the OECD has been supporting the forum since its inception, listing recent substantive contributions including work on new sources of growth; the human and social dimension of the economic crisis; innovation; open markets for trade and investment; the removal of energy subsidies; anti-bribery and the exchange of information for tax purposes. In addition, he told his audience that the OECD has made several concrete proposals to the G20 relating to the Framework for Strong, Sustainable and Balanced Growth unveiled at the Pittsburgh Summit. One such proposal is the establishment of an Observatory for Policy Coherence that would ensure that key international organisations provide the best possible joint input to G20 processes. As the G20 nears its ten year anniversary in December 2009 and the OECD approaches its fiftieth anniversary in 2011, this was an excellent opportunity to hear from Mr Gurría how the system of global governance has evolved, and to hear his vision for its future. About the Speaker: As OECD Secretary-General since June 2006, Mr Gurría has reinforced the organisation's role as a hub for global dialogue and debate on economic policy issues while pursuing internal modernization and reform. He is an active participant in various international not-for-profit bodies, including the Population Council and the Center for Global Development. He chaired the International Task Force on Financing Water for All and continues to be deeply involved in water issues. Angel Gurría served as Mexicos Minister of Foreign Affairs from December 1994 to January 1998 and as Mexicos Minister of Finance and Public Credit from January 1998 to December 2000. While in Dublin, Secretary-General Gurría launched the OECD's Economic Survey of Ireland and presented the conclusions and recommendations of the Environmental Performance review of Ireland, to be published early in 2010. He also met several ministers to discuss key policy issues.
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fDi Intelligence hosted a training seminar for UK investment promotion agencies at Financial Times' headquarters in December. Hear what attendees have to say about it and what were the big topics of the day
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With Andreas Schleicher Teachers are the most important resource in today’s schools. In every country, teachers’ salaries and training represent the greatest share of expenditure in education. And this investment in teachers can have significant returns: research shows that being taught by the best teachers can make a real difference in the learning and life outcomes of otherwise similar students. Teachers, in other words, are not interchangeable workers in some sort of industrial assembly line; individual teachers can change lives – and better teachers are crucial to improving the education that schools provide. Improving the effectiveness, efficiency and equity of schooling depends, in large measure, on ensuring that competent people want to work as teachers, that their teaching is of high quality and that high-quality teaching is provided to all students. This report, building on data from the Indicators of Education Systems (INES) programme, the Teaching and Learning International Survey (TALIS) and the Programme for International Student Assessment (PISA), explores three teacher-policy questions: How do the best-performing countries select, develop, evaluate and compensate teachers? How does teacher sorting across schools affect the equity of education systems? And how can countries attract and retain talented men and women to teaching?
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Stefan Kapferer, Deputy Secretary-General OECD, in his key note address at the "Policy Consultations on Health Financing in India", held on 16th Dec 2015 focused on the issues of the economic impact of health care and health budgets, the solutions for sustainable Universal Health Coverage. He also addressed the issues of the management of the universal health coverage in a multi-governance framework which was relevant for India too. He says that the health sector as a whole is not only a job creating machine but investments in the sector also means better and health workforce for other sectors. His concluding thoughts stressed on the needs for demonstrated evidence for the value for money spent on health, the need for health to be priority for the states and central governments and also on the need for stronger accountability framework guarantee for minimum standards. http://macrofinance.nipfp.org.in/
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