Quotes About OECD

The OECD similarly looked at many countries to establish the relationship between tax and growth. It came to the conclusion that for every 1 per cent of a country's economic output that is taken by tax, the output per person falls by 0.6 to 0.7 per cent.

Given the stake that both the U.S. and Europe have in stabilising and sustaining global growth, their policies should be aimed at ensuring China, India, and other newly industrialising Asian economies can take up the slack created by the slowdown in OECD economies.

The G7 doesn't have a permanent secretariat. The OECD can help the G8 and set the agenda for them. The secretary general of the OECD should be going to them proactively and discussing issues and priorities.

The OECD should promote everything that's consistent with its mandate, which is to make the world economy work better.

At the OECD, we stand ready to continue to help our member and partner countries to design, promote, and implement Better Policies for Better Lives.

The most recent edition of the test—called the Programme for International Student Assessment (PISA)—was conducted in 2012, and it found that among the OECD's thirty-four members, the United States ranked twenty-seventh, twentieth, and seventeenth in math, science, and reading, respectively.

Indeed, in many OECD countries unemployment was very low. One prime minister of New Zealand claimed to know personally all the unemployed in his country; this may well have been true, since according to International Labour Organisation (ILO) statistics, in 1955 there were only fifty-five unemployed people in his country.

The OECD deals with the economic aspects of a host of issues, including education, health, and the environment.

In 2003, the OECD published a paper on 'sources of growth in OECD countries' between 1971 and 1998, finding to its explicit surprise that whereas privately funded research and development stimulated economic growth, publicly funded research had no economic impact whatsoever. None. This earthshaking result has never been challenged or debunked. Yet it is so inconvenient to the argument that science needs public funding that it is ignored.

Indeed, social spending in the United States is even higher than it appears, because many Americans are forced to pay for health, retirement, and disability benefits through their employers rather than the government. When this privately administered social spending is added to the public portion, the United States vaults from twenty-fourth into second place among the thirty-five OECD countries, just behind France.

Slovakia's joining the OECD in 1999 is totally dependent on meeting economic reforms required such as transparency and legislation that permits fair and open conduct of trade and business.

All of the Nordic countries have high levels of trust, but the Danes are the most trusting people on the planet. In a 2011 survey by the OECD, 88.3 percent of Danes expressed a high level of trust in others, more than any other nationality (the next places on the list were filled by Norway, Finland, and Sweden, respectively, and the United States was way down in twenty-first place out of thirty countries surveyed).

A study by Treasury economists estimated that a country with a tax rate one percentage point lower than another country's attracts 3 percent more capital. It's not surprising then, that average OECD corporate tax rates have trended steadily downward.

The OECD should respond directly to the specific needs of the member countries. You basically say, 'What works?' You don't have to go on a discovery trip. It's all there; you just call them, and they know. It's like a knowledge bank.

If more Americans were to learn of the large body of research showing that higher inequality in rich countries isn't just unfair but actually slows down economic growth—by a fifth since the 1980s, according to a 2014 study by the OECD—the remarkably strong support for Robin Hoodism might get even stronger.

The United States now ranks twentieth out of twenty-seven OECD nations in the share of young people expected to finish high school.50

Once without peer, the United States has fallen to nineteenth in college completion in the OECD, and the gap in completion between higher-income and lower-income students has widened.56 Older Americans are the most educated in the world. Younger Americans, not even close.

The OECD advocates a risk-based approach to water security and is calling on governments to speed up their efforts to improve efficiency and effectiveness of water management. We recommend improving water pricing to recover costs and to reflect the value of water to users and society.

There is striking evidence—now gathered and acknowledged by the OECD and IMF—that economies with more equal distributions of income and wealth have stronger and more stable economic growth than those with greater inequality.56 Redistributive policies which reduce inequality are found to have in general a positive impact on growth.57