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ireland, claire keane, oecd, crisis, recovery, jobs, employment
From crisis to recovery: Overcoming scars and social costs

The economic and financial crisis has posed a stern test of many countries, though in Ireland, which enjoyed a boom for over a decade, the challenge was particularly stark. The scars are still there, but so are opportunities. Well-targeted, sensitive social policies can yield positive results. 

ireland, globalisation, david haugh, oecd, economy, recession
Ireland’s economy: Still riding the globalisation wave

The recession in Ireland was long and deep, but has been followed by a marked recovery. Why is the expansion in Ireland so strong?

microsoft, innovation, ireland
OECD Observer roundtable: Ireland's innovation challenge
Ireland has bounced back from the crisis to become one of the OECD’s most dynamic economies. A key help has been the continued inflow of capital investment from abroad, allowing the country to bolster its position as a European hub for the likes of IT, finance, pharmaceuticals, engineering, and more. Ireland has been an attractive destination for global high-value investments for decades, yet its own innovation system lags that of other similar-sized OECD countries. Closing the gap would strengthen the country’s long-term outlook, but how can this be done?

e-commerce, internet, oecd, privacy, security
Buying into e-commerce

A decade or so ago e-commerce was a buzzword, but today it has become a routine part of life. Or has it? About half of individuals in OECD countries bought products online in 2014, up from 31% in 2007. The increase in online purchases was particularly marked in Belgium, Estonia, France, the Slovak Republic and Switzerland. Today, more than three-quarters of adults order online in Denmark, Norway and the UK. However, only 10% of adults bought online in Chile and Turkey, and less than 5% in Colombia and Mexico. 

information jobs, information industries, communications, oecd
The ups and downs of information jobs

Publishing, telecommunications, the audiovisual industry and broadcasting taken together are an important source of value-added growth in OECD countries despite accounting for less than 4% of total OECD employment. This “information sector” covers a wide range of activities, from computer and optical manufacturing to communications services. 

michael forbes, oecd, ireland
Ireland’s economy and the OECD: From bricks to brains

Nothing has demonstrated Ireland’s shift to modern economic policies more concretely than our decision to become a founder member of the OECD in 1961. Since then the OECD has been a trusted partner in our economic and social policy evolution.

economy, william white, oecd
False beliefs and unhappy endings

Could central bank policy be making the economy more vulnerable? A fundamental rethink is in order if worse outcomes are to be avoided.

economy, ireland, OECD, Save our seafront, dublin airport
The capacity conundrum

A growing economy means increased need for office space, housing and infrastructure. Can Ireland meet that demand? 

ireland, blue economy, maritime, aquaculture, oecd
Casting off towards a blue future

Open any atlas, look at any globe, and Ireland appears as a small green island on Europe’s Atlantic rim. In fact, Ireland’s territory is almost the size of Germany, and mostly blue.

Dublin, economy, innovation, investment, ireland, IT, silicon docks
Banking on Silicon Docks
michael noonan, ireland, economy
Ireland’s economy: A solid recovery

The recovery in the Irish economy is well underway. Determined policy responses to the fiscal, economic and financial sector challenges Ireland faced are now bearing fruit, with Ireland expected to be among the fastest-growing economies in the OECD this year and next. 

entrepreneurs, oecd, jobs
Missing entrepreneurs

Becoming an entrepreneur has become increasingly popular since the economic meltdown of 2008, not least in Europe.

work, jobs, stefano scarpetta, oecd
What future for work?

For all the signs of improving labour market conditions in many OECD countries, there is still a substantial way to go to close the jobs gap caused by the Great Recession of 2008-09. Unemployment will continue to fall in most countries, but by the end of 2017, it will still be well above pre-crisis levels in a number of them. 

Climate change: Towards clean energy investment and supporting disclosure

Achieving the transition to a low-carbon economy to meet the 2ºC target requires shifting investment away from carbon-intensive options and towards low-carbon, climate-resilient infrastructure assets and technology. Over US$90 trillion will be needed in the next 15 years to meet global infrastructure needs across transport, energy and water systems, irrespective of climate change, according to the Global Commission on Climate and the Economy. But as the commission estimates, making these infrastructure investments “low-carbon” will impose additional costs of only 4.5% relative to business-as-usual, with benefits such as reduced local air pollution, improved energy security and lower traffic congestion. 

circular economy, ressourcerie créative
A natural capital for a circular economy

Over the last century, resource extraction from non-renewable stocks has grown while extraction from renewable stocks has declined, reflecting the shift in the global economy base from agriculture to industry. 

john evans, jobs, cop21, climate, climate change, planet
There are no jobs on a dead planet

A structural shift to a low-carbon economy will entail gains in jobs, but also losses, and the first jobs to be lost are not those that you think. A just energy transition will be needed, but how? 

joshua farley, anthropocene, environment, economy
Planetary limits, social needs and economics for the Anthropocene

The human economy is a physical system embedded in society, which itself is embedded in a finite global ecosystem. The primary goal of the economy should be to meet basic human and social needs, now and in the future, without degrading the global ecosystem services upon which all life depends. How can this be done?

#45 On profit shifting
#22 Frankie's conclusion
economy, oecd
Unsettled economic picture

Economic recovery is holding up in the world’s advanced economies, but the outlook is unsettled due to stalling world trade and worsening financial markets particularly in major emerging economies, according to the OECD’s latest briefing on the economic outlook issued 16 September.

When businesses are bad, who you gonna call?
external financial flows Africa, development
Shifting landscape in African development finance

The financial landscape has changed considerably in Africa since 2000. Private external flows in the form of investment and remittances now drive growth in external finance, according to the African Economic Outlook 2015. Foreign investments are expected to reach US$73.5 billion in 2015, underpinned by increasing greenfield investment from China, India and South Africa.

climate change
Investing in green energy

A warming planet and a flat world economy have propelled the issue of investment in clean energy to the top of the policy agenda. The question has become all the more crucial in view of the landmark global summit on climate change to be held in Paris in December 2015. 

Nigeria
Improving Nigerian investment

Since democracy was restored in 1999, Nigeria has engaged in ambitious reforms towards greater market liberalisation and economic openness. By far the most populous country of the continent–with more than 170 million people Nigeria is home to 18% of Africa’s population–it now claims to be the largest
economy in Africa, with an estimated nominal GDP of US$510 billion. Its GDP growth has never been below 5% since 2003, and since 2009, it has become the preferred destination for foreign direct investment (FDI) in Africa, ahead of South Africa.

workers
Investment: The right framework

Investment has been hit hard by the crisis, yet is vital for a sustainable recovery and future well-being. In 2008-14 private investment ran at some 25% below pre-crisis forecasts. From infrastructure and green energy to improving education and health care, all countries depend on investment in physical and human capital.

financing development, development
Revenue statistics

Meeting budgetary targets is hard enough in any country, but for developing countries struggling to lift their economies to a higher stage of development, it can seem a near impossible task. Nevertheless, governments and local authorities everywhere in the world have a duty to provide proper public and social services for their citizens, and infrastructure that will attract investors. Tax revenues are therefore vital for meeting public demands as well as development aspirations. As a general rule of thumb, a stable and predictable budgetary framework helps foster growth and, in the longer term, reduces dependence on foreign financing, be it public or private. Taxation is a bedrock of “good government” and a driving force for wider reforms. However, devising the right framework and approach to tax is not easy, from getting the tax levels right to ensuring skills are in place to devise and implement them.

Investment and inequality: Stock markets for whom?

The world economy desperately needs more productive investment: to create jobs, to increase productivity and to meet critical global goals like combating climate change. But instead of more productive investment, we are getting rising stock markets. Sadly too many policymakers and journalists don’t know the difference. Let’s start off with the basic confusion. Investment is when savings are used to pay for the creation of new productive assets–improvements in land, new buildings, machinery, computer software, the education of workers to create human capital.

China: Banking on a new international financial institution

In October 2014 China launched the Asian Infrastructure Investment Bank (AIIB), drawing wide international attention. Nearly 60 countries have joined the new international financial institution, including several OECD member and partner countries, though others have remained cautiously outside. What is the purpose of the new bank and what impact will it have? We asked Yide Qiao for his views. I guess there are several reasons for launching the new bank. 

Citizen entrepreneurship: Creating space for a more collaborative economy

Social entrepreneurs and governments speak different languages. However, understanding each other is essential to achieve quality of life through the businesses we start, grow and scale. While sharing a goal for a healthier society, it remains a challenge for new entrepreneurs and governments to work together: first, to integrate the different ambitions, values and cultures of (social) entrepreneurs, civil servants and politicians; second, to be aligned in the acceptance, timing and implementation of societal solutions through enterprising citizens. What is the role of business in creating spaces for social entrepreneurship and a more collaborative economy?

The investment challenge

Investments are a precondition of future sustainable growth. However, investments are not just about competitiveness, but about maintaining our quality of life. As Germany currently shows, good economic numbers are a necessary, but far from sufficient, precondition of strong investment activity. On the one hand, we expect economic output to rise by an annual average of 1.8% in real terms in both 2015 and 2016. At the same time, despite a recent upward trend, public-sector investment–which often helps to pave the way for private-sector investment–is still growing relatively slowly. There is also scope for more dynamism in many key areas of private-sector investment.