- published: 05 Mar 2013
- views: 2
2:20
Gordhan seeks 'delicate' balance as OECD calls for steeper power hikes
Finance Minister Pravin Gordhan openly disagreed with the Organisation for Economic Cooper...
published: 05 Mar 2013
Gordhan seeks 'delicate' balance as OECD calls for steeper power hikes
Finance Minister Pravin Gordhan openly disagreed with the Organisation for Economic Cooperation and Development's (OECD's) assessment that, notwithstanding a doubling in electricity prices since 2008, South Africa tariffs remained too low and needed to rise "substantially" to cover costs, reduce emissions and eliminate implicit coal subsidies.
- published: 05 Mar 2013
- views: 2
5:41
Weak competition, 'dysfunctional' labour market holding back SA growth, jobs
The interaction of weak competition in product markets and dysfunctional labour markets is...
published: 05 Mar 2013
Weak competition, 'dysfunctional' labour market holding back SA growth, jobs
The interaction of weak competition in product markets and dysfunctional labour markets is holding back growth and aggravating unemployment, the latest Organisation for Economic Cooperation and Development (OECD) report on South Africa cautions.
- published: 05 Mar 2013
- views: 10
15:31
Yves Leterme (OECD) at the Committee of the Regions (Youth on the Move conference, 13/12/12)
Follow us on Twitter @EU_CoR.
The Conference "Youth on the Move" organized by the Comm...
published: 14 Dec 2012
Yves Leterme (OECD) at the Committee of the Regions (Youth on the Move conference, 13/12/12)
Follow us on Twitter @EU_CoR.
The Conference "Youth on the Move" organized by the Committee of the Regions is the first of a series of conferences being organised to look at the implementation of the seven Europe 2020 flagship initiatives at the local and regional level.
Presenting the work of the Organisation for Economic Cooperation and Development (OECD) in the field, Yves Leterme, Deputy Secretary-General of the OECD in charge of Education, Social Affairs, Governance and Entrepreneurship, stressed that "It is a great idea to get local and regional authorities involved in the drawing up of policies in the fields of youth, education and vocational training at the OECD. We need European policies but also to make sure that these general measures are adapted on the ground".
By linking education with employment, the "Youth on the Move" initiative aims at increasing levels of education and training and reducing levels of youth unemployment, in line with the wider EU target of achieving a 75% employment rate for the working-age population by 2020.
- published: 14 Dec 2012
- views: 39
2:15
OECD report paints gloomy eurozone picture
The Organisation for Economic Cooperation and Development is predicting the eurozone will ...
published: 23 May 2012
OECD report paints gloomy eurozone picture
The Organisation for Economic Cooperation and Development is predicting the eurozone will contract and says Greece's crisis is creating further risks.
- published: 23 May 2012
- views: 30
16:57
Secretary Clinton, OECD Secretary General Angel Gurria Address the Press
U.S. Secretary of State Hillary Rodham Clinton and Organization for Economic Cooperation a...
published: 26 May 2011
Secretary Clinton, OECD Secretary General Angel Gurria Address the Press
U.S. Secretary of State Hillary Rodham Clinton and Organization for Economic Cooperation and Development (OECD) Secretary General Angel Gurria address the press at the Organization for Economic Cooperation and Development (OECD) 50th Anniversary Commemoration in Paris, France, on May 26, 2011. [Go to http://www.state.gov/video for more video and text transcript.]
- published: 26 May 2011
- views: 708
1:10
OECD economies contract for first time since 2009
http://www.euronews.com/ More signs of global economic slowdown have emerged.
The world's...
published: 19 Feb 2013
OECD economies contract for first time since 2009
http://www.euronews.com/ More signs of global economic slowdown have emerged.
The world's richest countries - those in the Organisation for Economic Cooperation and Development - saw a contraction in economic activity in the final three months of last year.
The eurozone continues to struggle and economists expect the region to decline again in the current quarter before finally returning to moderate growth later this year.
OECD economists said the eurozone suffering a steep drop at 0.6 percent from the previous quarter, Japan's GDP fell 0.1 percent and the US economy neither grew nor shrank.
For all the 34 OECD members, the decline was 0.2 percent.
*France to miss growth target*
French President Francois Hollande has acknowledged the country will miss its 0.8 percent growth target for this year.
Earlier his foreign minister, Laurent Fabius, said French growth this year would be no better than around 0.2 to 0.3 percent.
"For 2013, everyone knows we will not reach the 0.8 percent that was predicted," Hollande told a joint news conference with Greek Prime Minister Antonis Samaras.
He said France would wait for the European Commission's new economic outlook, due on Friday, before issuing a new target at the end of March.
The admissions add to concerns that the eurozone's second-largest economy is on the brink of recession, and that Paris will have to roll out even bigger spending cuts to meet its deficit-cutting goals.
On Monday, Finance Minister Pierre Moscovici would not comment on a media report the Socialist government may add some five billion euros onto the 60 billion euros in spending cuts it is already targeting over five years.
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- published: 19 Feb 2013
- views: 97
0:37
Organization for Economic Cooperation and Development, tiwalang maaabot ang GDP growth target
News@1 - Organization for Economic Cooperation and Development, tiwalang maaabot ang GDP g...
published: 19 Nov 2012
Organization for Economic Cooperation and Development, tiwalang maaabot ang GDP growth target
News@1 - Organization for Economic Cooperation and Development, tiwalang maaabot ang GDP growth target - [November 19, 2012]
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- published: 19 Nov 2012
- views: 16
6:46
Privatized healthcare spreading to Greece & Spain...
According to the Organization for Economic Cooperation and Development's latest health car...
published: 19 Feb 2013
Privatized healthcare spreading to Greece & Spain...
According to the Organization for Economic Cooperation and Development's latest health care rankings of the 34 most developed nations in the world, the United States ranks dead last in male life expectancy. We also rank near the very bottom in preventing premature death, infant mortality, total health care coverage, number of practicing doctors, and preventing heart disease deaths. But, here's some good news - at least for those fans of Americanized health care: our world rankings might soon improve. Not because we're radically changing our privatized system that puts profits ahead of people's lives. But because banksters in Europe are forcing several nations that rank ahead of us to ditch their national public health care systems, and replace them with more privatized - and profitable - American-style health care systems.
- published: 19 Feb 2013
- views: 444
13:26
'No currency wars, countries manipulate to achieve growth' - OECD chief
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RT interviews Angel Gurria,the secretary general of the Org...
published: 18 Feb 2013
'No currency wars, countries manipulate to achieve growth' - OECD chief
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RT interviews Angel Gurria,the secretary general of the Organization for Economic Cooperation and Development.
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RT (Russia Today) is a global news network broadcasting from Moscow and Washington studios. RT is the first news channel to break the 500 million YouTube views benchmark.
- published: 18 Feb 2013
- views: 23
8:04
OECD's Padoan Says EU Policy Void Risks Deeper Crisis
Nov. 28 (Bloomberg) -- Pier Carlo Padoan, chief economist at the Organization for Economic...
published: 28 Nov 2011
OECD's Padoan Says EU Policy Void Risks Deeper Crisis
Nov. 28 (Bloomberg) -- Pier Carlo Padoan, chief economist at the Organization for Economic Cooperation and Development, talks about the impact of the European debt crisis on the global economy.
He speaks from Paris with Bloomberg's Elliott Gotkine.
- published: 28 Nov 2011
- views: 196
4:44
Do we need to worry about the Poor? -- Global Public Square - CNN.com
Zakaria: Mitt, you need to worry about the very poor
By Fareed Zakaria, CNN
Remember Mit...
published: 12 Feb 2012
Do we need to worry about the Poor? -- Global Public Square - CNN.com
Zakaria: Mitt, you need to worry about the very poor
By Fareed Zakaria, CNN
Remember Mitt Romney's infamous "poor" comment? If not, here it is again:
"I'm not concerned about the very poor. We have a safety net there. If it needs repair, I'll fix it. I'm not concerned about the very rich; they're doing just fine. I'm concerned about the very heart of America, the 90-95% of Americans who right now are struggling."
Well, it got me thinking: Romney was actually being honest about Americans in general. We don't - none of us - spend much time thinking about the very poor.
But we should, because we have a real problem in this area, an economic, political and moral problem.
By Romney's calculations, if 95% of Americans fall in the middle class, then there must be less than 5% of Americans who qualify as poor.
Well, no.
The number from the Organization for Economic Cooperation and Development, the association of the world's developed economies, is actually 17.3%.
And how do we compare with other rich countries?
We rank 31st of the 34 countries that make up the OECD in terms of the percentage of our population that qualifies as poor. Of the 34 member states, only Mexico, Chile and Israel are worse off than we are. The UK (at 11%), Germany (8.9%) and France (7.2%) are all much lower. The OECD average is 11%.
In case you're wondering how the OECD defines poverty, it calculates the number as the percentage of people who earn less than half of the country's median wage. It's an easy way to compare data across countries.
In the video above, look at the chart that shows the percentage of children in poverty. At 20.6%, we again come off far worse than other rich countries.
Japan, Australia, the UK, Germany and France all have much better numbers.
Romney spoke about how he would fix the safety net for poor people "if it needs repair."
Let me suggest one place to fix things: end child poverty.
Whatever the causes of poverty, when children grow up in desperate circumstances - circumstances that they had no role in creating - studies show that they will be more likely to drop out of high school, be unemployed, use drugs, have children out of wedlock and get ill.
In other words, they will be unproductive members of society and cost taxpayers huge amounts of money over the course of their lives.
We know that we have an education problem with the poor. Seventy-seven percent of our kids who entered high school graduated. Compare that with other rich countries: 90% in Switzerland, 91% in the UK, 93% in Finland and 97% in Germany. Studies show that dropouts are twice as likely to slip into poverty than high school graduates.
Children in extreme poverty do badly even when they are smart. A recent U.S. study tracked a group of eighth-graders in 1988. It found that students who did very well on a standardized test but were poor were less likely to get through college than their peers who tested poorly but were well-off.
Look at health care. A key indicator of the level of health in a country is its infant mortality rate; that's when a child dies within the first year of life. Let's compare again. We're at about six deaths for every 1,000 live births.
Again, the UK, Australia, Germany, France and Japan all fare much better. Japan's rate is less than half ours. This is simply because many mothers don't have access to prenatal care. Malnutrition and poor childhood health care set in motion a lifetime of poor health - and huge costs to the system.
On indicator after indicator, the U.S. compares badly with other rich nations on not only how impoverished it is but on the facilities and opportunities it is giving the poor. That's why social mobility has stalled in America. Compared with other rich countries, poor Americans are more likely to stay poor. More than 40% of American men whose fathers had earnings in the bottom fifth end up in the same bracket. Britain, Denmark, Finland and Norway all perform much better.
The sad part is, these statistics are reversible. Compare child poverty rates in America and the UK. You'll see that the UK's rates were halved within a decade from the mid-1990s. The U.S. has actually risen since then.
There's no secret sauce. Tony Blair's Labour government simply made reducing child poverty a priority through various programs.
So, Romney: Yes, the media took your comments out of context. But you do need to be concerned about the very poor. We all do.
http://globalpublicsquare.blogs.cnn.com/2012/02/12/zakaria-mitt-you-need-to-worry-about-the-very-poor/?iref=allsearch
- published: 12 Feb 2012
- views: 1210
1:16
OECD lauds Monti's Italian job
http://www.euronews.com/ The Organisation for Economic Cooperation and Development has war...
published: 26 Sep 2012
OECD lauds Monti's Italian job
http://www.euronews.com/ The Organisation for Economic Cooperation and Development has warned political parties looking for votes ahead of next years Italian election not to scrap the reforms introduced by Prime Minister Mario Monti.
The OECD said Monti's policies are crucial for Europe and for Italy:
Speaking in Rome OECD Secretary-General Jose Angel Gurria said:
"The structural reforms started by the Monti government in terms of fiscal consolidation, liberalisation, the simplification of labour laws and the fight against corruption creates the foundation for a stronger Italy, a more competitive Italy and a fairer Italy."
Mario Monti, though downbeat, appears satisfied with his country's performance:
"Italy has been able to get off the list of countries that were a major source of problems for the eurozone and contribute to the formulation of policies for growth in the eurozone," he said.
The country still faces huge challenges, Rome must move to reduce the massive youth unemployment and boost productivity.
Many in Italy have asked Monti, a respected economist, to stay on after the election.
Monti has so far declined such a request.
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- published: 26 Sep 2012
- views: 66
0:31
OECD slashes global growth forecasts
http://www.euronews.com/ The debt crisis in the recession hit euro zone is the biggest thr...
published: 27 Nov 2012
OECD slashes global growth forecasts
http://www.euronews.com/ The debt crisis in the recession hit euro zone is the biggest threat to the global economy, according to the Organisation for Economic Cooperation and Development.
As a result the OECD has slashed global growth forecasts.
The think-tank urged central banks to prepare for monetary easing if the politicians fail to find a way out of the financial mire.
The euro zone faces two more years of economic contraction, while the US is staring at recession if a deal is not reached on the so-called fiscal cliff.
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- published: 27 Nov 2012
- views: 111
66:27
Andreas Schleicher - 2012 School Administrators Conference
Andreas Schleicher was a keynote speaker at the 2012 School Administrators Conference. Sch...
published: 01 Aug 2012
Andreas Schleicher - 2012 School Administrators Conference
Andreas Schleicher was a keynote speaker at the 2012 School Administrators Conference. Schleicher spoke about international education.
Andreas Schleicher is deputy director for education and special advisor on education policy to the secretary-general at the Organisation for Economic Cooperation and Development, based in Paris, France. He also provides strategic oversight for OECD's work on the development and utilization of skills and their social and economic outcomes. This
includes the Programme for International Student Assessment (PISA), the OECD Survey of Adult Skills (PIAAC), the OECD Teaching and Learning International Survey (TALIS) and the development and analysis of benchmarks on the performance of education systems (INES).
Before joining the OECD, he was director of analysis at the International Association for Educational Achievement (IEA). He studied physics in Germany and received a degree in mathematics and statistics in Australia. He is the recipient of numerous honors and awards, including the "Theodor Heuss" prize, awarded in the name of the first president of the Federal Republic of Germany for "exemplary democratic engagement." He holds an honorary professorship at the University of Heidelberg.
- published: 01 Aug 2012
- views: 376
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1:04
OECD warns eurozone lags behind in shaky recovery
http://www.euronews.com/ Eurozone countries are falling far behind the United States and C...
published: 29 Mar 2012
OECD warns eurozone lags behind in shaky recovery
http://www.euronews.com/ Eurozone countries are falling far behind the United States and Canada even as a fragile recovery takes root according to the Organisation for Economic Cooperation and Development.
The OECD's chief economist Pier Carlo Padoan said the risk of something derailing that recovery has diminished, but not disappeared: "We believe it has come down a bit, so those risks are smaller, but they are not gone away. If you take the G7 as a group there is a recovery which is firming, with respect to last year's numbers, but this is clearly coming at different speeds, with North America and the United States going faster and the euro area still in a weak spot."
The economic think tank said the Group of Seven advanced economies are on course for average annualised growth of 1.9 percent in the first half of this year but with wide variations.
An improving US labour market would help the world's biggest economy grow 2.9 percent in the first quarter on the same basis, and 2.8 percent in the second quarter, the OECD said.
It believes the UK's recovery will be weak and the eurozone's weaker still.
Britain's economy was seen contracting an annualised 0.4 percent in the first quarter before posting growth of 0.5 percent in the following quarter.
The economies of France and Italy are pretty sure to be in contraction in the first quarter and Germany would grow just 0.1 percent.
Grappling with weak industrial production and fragile household confidence, Italy would be stuck in recession as its economy contracted an annualised 1.6 percent in the first quarter and 0.1 percent in the second quarter, the organisation estimated.
To maintain the rebound momentum the OECD advised central banks to keep the easy money flowing and possibly an interest rate cut by the ECB.
"Monetary policy needs to be supportive in the medium term to allow this process to continue," Padoan said.
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- published: 29 Mar 2012
- views: 145
1:46
Netanyahu Credits Israeli Financial Success at OECD's Jerusalem Meeting: Israel Beats Europe
Spain and Italy are being punished for doing the right things. That was the message from t...
published: 06 Jun 2012
Netanyahu Credits Israeli Financial Success at OECD's Jerusalem Meeting: Israel Beats Europe
Spain and Italy are being punished for doing the right things. That was the message from the head of the Organisation for Economic Cooperation and Development at a meeting in Jerusalem.
OECD Secretary-General Angel Gurria told reporters that he was confident Europe would end up stronger after the debt crisis, but countries such as Spain and Italy are struggling due to outside burdens.
OECD Secretary-General Angel Gurria:
"There is no reason why Spain has to be paying 7 percent, there is no reason why Italy has to be paying 6 1/2 percent for their money when they are taking all the right decisions, when they have got constitutional, in terms of the balanced budget amendment. They are working on their flexibility on the labour markets, they have increased their retirement age and all the things that we know."
Israeli Prime Minister Benjamin Netanyahu offered his own two shekels, noting that his country hasn't been hurt by the economic crisis and urging other nations to follow Israel's lead.
Israeli Prime Minister Benjamin Netanyahu:
"I would like to touch on the most important observations that we have. The first is, we are still in a global crisis. Not only is it not over, its far from over. The second is that Israel up to now has done better than most of the OECD countries, indeed of most countries on the globe. And the third is that we have done better because we maintained the right policies."
The Israeli economy grew 4.8 percent in 2011 and is expected to grow slightly less than 3 percent in 2012.
- published: 06 Jun 2012
- views: 566
2:05
OECD- Eurozone Could Face More Trouble
Transcript by Newsy: http://www.youtube.com/user/NewsyWorld?feature=guide
(Image Source: ...
published: 23 May 2012
OECD- Eurozone Could Face More Trouble
Transcript by Newsy: http://www.youtube.com/user/NewsyWorld?feature=guide
(Image Source: Cowan Global)
BY JIM FLINK
ANCHOR CHRISTINA HARTMAN
The global economy is gradually recovering.
But the eurozone is in crisis, and could face even more trouble.
That's the word from the Organization for Economic Cooperation and Development.
"The euro area remains the single biggest risk to the global economy and recent events have increased that risk. ... There must be a major rebalancing. ... Everyone must do something."
Specifically, the OECD says, the South must get more competitive, the north must boost demand and wages. Euronews focuses in on the forecast.
"The OECD forecasts the eurozone's economy will shrink by .1 percent this year, and grow by just under one percent by next year, with unemployment in the region rising above 11 percent of the workforce next year."
Believe it or not, the OECD is delivering the good news.
The Daily Mail notes:
"The OECD's forecast is still more optimistic about both the U.S. and Europe than the International Monetary Fund. Last month the IMF said in its own global economic forecast that the U.S. should expand 2.1 per cent this year, while Europe should shrink 0.3 per cent."
Wednesday, European leaders will meet to discuss how to address the crisis.
Some see both the OECD and the IMF supporting a eurobond, to stabilize the region.
Analysts at the Wall Street Journal note, neither the eurozone nor the German constitution currently allow for the measure.
"The thing that people are looking for right now are more along the lines of shorter term fixes, shorter term solutions, bank recapitalization, one of foremost of what is in people's minds to try and restore confidence in Europe...."
But an advisor to German Chancellor Angela Merkel notes, with so many divergent positions within the eurozone, politically speaking, this crisis will either be solved or created by cooperation or the failure to cooperate. Here's Bloomberg.
"Austerity is certainly needed, if you are in a public deficit. But it depends on the degree ... Once you are in recession, if you try to continue to raise taxes and reduce expenditures, the recession gets worse."
- published: 23 May 2012
- views: 164
7:00
OECD's Gurria Warns Greek Crisis Spreading 'Like Ebola'
April 28 (Bloomberg) -- Angel Gurria, secretary general of the Organization for Economic C...
published: 23 Mar 2012
OECD's Gurria Warns Greek Crisis Spreading 'Like Ebola'
April 28 (Bloomberg) -- Angel Gurria, secretary general of the Organization for Economic Cooperation and Development, talks with Bloomberg's David Tweed about Europe's response to the Greek debt crisis and risks to financial stability.
Gurria speaks in Berlin before meetings involving German Chancellor Angela Merkel, European Central Bank President Jean-Claude Trichet, International Monetary Fund Managing Director Dominique Strauss-Kahn and German lawmakers on the Greek situation. (Source: Bloomberg)
- published: 23 Mar 2012
- views: 1795