The Global Forces Shaping Finance – Keynote address by Greg Medcraft

Keynote address by Greg Medcraft, Director, Financial and Enterprise Affairs, OECD (as prepared for delivery) Your Majesty, ladies and gentlemen We are living in a time of accelerating technological change. Long-established business models are being challenged and disrupted. New ideas and ways of doing things flow freely across borders and industries. Few industries are being impacted more than finance – as we have seen with the proliferation of novel fintech offerings, the rise of challenger banks and the establishment of entirely new types of assets and payment systems. Finance is also extremely personal. It touches virtually everybody’s lives. So while […]

Financing innovative business investment in Poland

OECD Economics Department Working Papers Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues. The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries. Financing innovative business investment in Poland Poland’s productivity has grown[…]

Low productivity jobs driving employment growth in many OECD countries

26/06/2018 – Weak labour productivity growth continues to mark the world’s advanced economies and risks compromising improvements in living standards, says a new OECD report. In its latest Compendium of Productivity Indicators, the OECD says that the slowdown in labour productivity growth (measured as gross value added per hour worked) has especially affected manufacturing – both high tech activities such as computers and electronics, as well as industries requiring lower skill levels – and that gaps in labour productivity levels between large and smaller firms remain high. And although economic growth in many countries has led to rising employment, particularly[…]