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32. Economic Survey of Spain, 2007
- Publication Date:
- 01-2007
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Spain's economy has managed a remarkable performance in terms of growth, employment and public finances over more than a decade. A combination of expansionary monetary conditions, fiscal prudence, beneficial structural reforms and the positive supply-side effects of the strong rise in immigration has contributed to these outcomes. But these favourable developments are tempered by deterioration in several areas: the still high inflation differential has harmed competitiveness, and the resulting low real interest rates entail excessive domestic demand, which has been supported, jointly with employment growth and immigration, by ongoing rapid increases in household indebtedness and house prices. Despite some improvement, growth has therefore remained unbalanced as manifest in the large external deficit. Looking ahead, productivity gains are still modest, risking a substantial weakening in output and per capita income growth in the coming years.
- Topic:
- Development, Economics, and Migration
- Political Geography:
- Europe and Spain
33. Competition and Barriers to Entry
- Publication Date:
- 01-2007
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Before a firm can compete in a market, it has to be able to enter it. Many markets have at least some impediments that make it more difficult for a firm to enter a market. A debate over how to define the term “barriers to entry” began decades ago, however, and it has yet to be won. Some scholars have argued, for example, that an obstacle is not an entry barrier if incumbent firms faced it when they entered the market. Others contend that an entry barrier is anything that hinders entry and has the effect of reducing or limiting competition. A number of other definitions have been proposed, but none of them has emerged as a clear favourite. Because the debate remains unsettled but the various definitions continue to be used as analytical tools, the possibility of confusion – and therefore of flawed competition policy – has lingered for many years.
- Topic:
- Development, Economics, International Trade and Finance, and Markets
34. Peer Review: a Tool for Co-operation and Change
- Publication Date:
- 01-2007
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Democratic governments want policies that are in the best interest of their citizens. But how can they – and their voters – be sure they are making the right choices? One answer is by learning from the tried and tested experience of others. One of the OECD'score strengths is its ability to offer its 30 members a framework to examine and compare experiences and discuss “best practices” in a host of areas from economic policy to environmental protection or strategies to create jobs.
- Topic:
- Democratization, Environment, Government, and International Cooperation
35. Economic Survey of the Euro Area, 2007
- Publication Date:
- 01-2007
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- After several false starts, the economic recovery has taken hold. Activity was strong in 2006, firms and households are more confident about the future, business investment has picked up and unemployment has fallen below 8% for the first time since 2001. There are encouraging signs that the recovery is broadening to embrace household consumption as well. If in addition structural reforms continue, the expansion will become durable and self-sustaining, a prospect also supported by sound corporate and household balance sheets and favourable financing conditions. All this is good news, though it should be kept in perspective. Growth of around 2¼ per cent per annum projected for 2007 and 2008 is still modest by OECD standards, although the growth gap is smaller when measured on a per capita basis. Still, it could take until 2008 for cyclical slack to be fully absorbed.
- Topic:
- Development, Economics, and Markets
- Political Geography:
- Europe
36. New Actors in Health Financing: Implications for a donor darling
- Author:
- Felix Zimmermann and Denis Drechsler
- Publication Date:
- 12-2006
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- With concern about how to finance the Millennium Development Goals (MDGs) widespread, recent donor pledges to raise aid volumes are welcome. However, aid alone will not suffice – bringing in new actors and sources of development finance will be essential. In many developing countries, this is already happening, creating new opportunities and challenges for their governments and donors.
- Topic:
- Development, Economics, Health, and International Trade and Finance
37. After Gleneagles: What role for loans in ODA?
- Author:
- Helmut Reisen, Pierre Jacquet, and Daniel Cohen
- Publication Date:
- 12-2006
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Suppose a DAC donor earmarks $1 billion of taxpayers' money for official development assistance (ODA). The donor may use two instruments as an outright grant or in combination with a market loan to produce a concessional loan of $2 billion with a percentage grant element of 50 per cent. Many nowadays think the choice should be clear: provide grants only, leave loans to the market. The purpose of this Policy Brief is to qualify and inform this choice.
- Topic:
- International Relations, Debt, Economics, and Third World
38. Economic Survey of the Russian Federation, 2006
- Publication Date:
- 11-2006
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- The Russian economy has been enjoying a period of robust growth, thanks largely to steadily rising terms of trade. The challenge confronting policy-makers is to facilitate Russia's transition into a period of self-sustaining, investment- and innovation-led growth. This will require a sound macroeconomic policy framework to manage the economy's adjustment to sustained high oil prices and a range of structural reforms aimed at creating better framework conditions for business.
- Topic:
- Development, Economics, and Markets
- Political Geography:
- Russia, Europe, and Asia
39. Economic Survey of Brazil, 2006
- Publication Date:
- 11-2006
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- Considerable progress has been made in recent years in achieving macroeconomic stability and restructuring the economy. Productivity has risen since the macroeconomic stabilisation of the mid-1990s and the implementation of a series of structural reforms. But Brazil's GDP growth performance (about 2.5% per year on average since 1995) nevertheless needs to improve to close a widening income gap relative to the OECD area. Reaping the full benefits of stabilisation in terms of faster growth will require consolidating macroeconomic adjustment, boosting innovation in the business sector and stepping up formal labour utilisation.
- Topic:
- Development, Economics, and Markets
- Political Geography:
- Brazil and South America
40. Agricultural Policy Reform in South Africa
- Publication Date:
- 03-2006
- Content Type:
- Policy Brief
- Institution:
- The Organisation for Economic Co-operation and Development
- Abstract:
- With a surface area of 1.22 million km2 and a population of 46.9 million, South Africa is one of the largest countries on the African continent. It is also the largest African economy, with a per capita gross domestic product (GDP) of USD 3 530, more than four times the African average.
- Topic:
- Development, Economics, International Organization, and International Trade and Finance
- Political Geography:
- South Africa