Economic Policy Reforms 2019 Going for Growth

Description

The Going for Growth report, updated biennially, looks at structural reforms in policy areas that have been identified as priorities to boost incomes in OECD countries and selected non-OECD economies (Argentina, Brazil, the People's Republic of China, Colombia, Costa Rica, India, Indonesia, the Russian Federation and South Africa). The selection of priorities and monitoring of reform actions are supported by internationally comparable indicators that enable countries to assess their economic performance and structural policies in a wide range of areas. In addition to detailed policy recommendations to address the priorities, as well as a follow-up on actions taken in the recent years, the report includes individual country notes and, since 2017, a focus on inclusive growth. The 2019 report also includes a special chapter on reform packages that boost growth while ensuring environmental sustainability, a new extension of the Going for Growth framework. Editorial Acknowledgements ISO codes Executive summary The time for reform is now Going for Growth advises how to achieve strong, inclusive and sustainable growth Reviving productivity growth is crucial for boosting incomes in the long term The pace of reforms is not fast enough The moderate reform pace in 2017-18 masks diverging cross-country developments Pro-growth policies should be designed so that they promote equal opportunities A level playing field for firms will foster competition, innovation and productivity Growth has to be environmentally sustainable Domestic reforms need to be combined with multilateral action 1 Overview of 2019 Going for Growth Priorities Introduction A snapshot of cross-country challenges in 2019 Cross-country differences in labour productivity Labour utilisation and inclusiveness A snapshot of cross-country reform priorities in 2019 Going for Growth priorities over the years Key policy recommendations for boosting inclusive and sustainable growth Reforms to boost business dynamism Red tape and barriers to trade and FDI openness Improving the quality and accessibility of infrastructure A tax system that is more friendly to growth, equity and the environment Unlock skills development and innovation potential for all Access to quality education Vocational education and activation policies Innovation policies Supporting workers to make the most of a dynamic labour market Labour market dualism and informality Labour taxation and social benefits that incentivise work A more inclusive labour market Structural reforms to promote growth and equality of opportunities Providing educational opportunities for all Promoting equal opportunities in the labour market Improving infrastructure and housing to enhance access to equal opportunities Structural reform priorities that address environmental sustainability Bibliography 2 Going for Growth 2019 – reform actions taken in 2017-18 Introduction Patterns of reform activity by policy areas Reforms to boost labour productivity Reforms to boost labour utilisation Selected examples of significant reforms Patterns of reform activity across countries Bibliography 3 The integration of green growth in Going for Growth 2019 Introduction The relationship between the environment, growth and well-being Evidence on the links between policies and outcomes in the context of green growth Effect of pro-growth policies on the environment Effect of environmental policies on growth The integration of green growth in Going for Growth Areas of green growth considered for integration in Going for Growth 2019: the dashboard Countries with green growth Going for Growth priorities Countries with pro-growth priorities and green growth recommendations A tax structure that is more growth and environment friendly A broader and more environmentally-friendly tax base More efficient and environmentally sustainable agriculture Greener infrastructure The rule of law and enforcement of policies Environmental performance of countries with green growth priorities and recommendations Green and inclusive growth in Going for Growth Bibliography Annex 3.A. 4 Country notes Argentina Argentina: Going for Growth 2019 priorities Australia Australia: Going for Growth 2019 priorities Austria Austria: Going for Growth 2019 priorities Belgium Belgium: Going for Growth 2019 priorities Brazil Brazil: Going for Growth 2019 priorities Canada Canada: Going for Growth 2019 priorities Chile Chile: Going for Growth 2019 priorities China China: Going for Growth 2019 priorities Colombia Colombia: Going for Growth 2019 priorities Costa Rica Costa Rica: Going for Growth 2019 priorities Czech Republic Czech Republic: Going for Growth 2019 priorities Denmark Denmark: Going for Growth 2019 priorities Estonia Estonia: Going for Growth 2019 priorities European Union European Union: Going for Growth 2019 priorities Finland Finland: Going for Growth 2019 priorities France France: Going for Growth 2019 priorities Germany Germany: Going for Growth 2019 priorities Greece Greece: Going for Growth 2019 priorities Hungary Hungary: Going for Growth 2019 priorities Iceland Iceland: Going for Growth 2019 priorities India India: Going for Growth 2019 priorities Indonesia Indonesia: Going for Growth 2019 priorities Ireland Ireland: Going for Growth 2019 priorities Israel Israel: Going for Growth 2019 priorities Italy Italy: Going for Growth 2019 priorities Japan Japan: Going for Growth 2019 priorities Korea Korea: Going for Growth 2019 priorities Latvia Latvia: Going for Growth 2019 priorities Lithuania Lithuania: Going for Growth 2019 priorities Luxembourg Luxembourg: Going for Growth 2019 priorities Mexico Mexico: Going for Growth 2019 priorities Netherlands Netherlands: Going for Growth 2019 priorities New Zealand New Zealand: Going for Growth 2019 priorities Norway Norway: Going for Growth 2019 priorities Poland Poland: Going for Growth 2019 priorities Portugal Portugal: Going for Growth 2019 priorities Russian Federation Russian Federation: Going for Growth 2019 priorities Slovak Republic Slovak Republic: Going for Growth 2019 priorities Slovenia Slovenia: Going for Growth 2019 priorities South Africa South Africa: Going for Growth 2019 priorities Spain Spain: Going for Growth 2019 priorities Sweden Sweden: Going for Growth 2019 priorities Switzerland Switzerland: Going for Growth 2019 priorities Turkey Turkey: Going for Growth 2019 priorities United Kingdom United Kingdom: Going for Growth 2019 priorities United States United States: Going for Growth 2019 priorities Annex 4.A. Metadata annex Argentina Growth performance, inequality and environment indicators Beyond GDP per capita Australia Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Austria Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Belgium Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Brazil Growth performance, inequality and environment indicators Beyond GDP per capita Canada Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Chile Growth performance, inequality and environment indicators Beyond GDP per capita China Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Colombia Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Costa Rica Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Czech Republic Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Denmark Growth performance, inequality and environment indicators Beyond GDP per capita Estonia Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita European Union Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Finland Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita France Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Germany Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Greece Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Hungary Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Iceland Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita India Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Indonesia Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Ireland Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Israel Growth performance, inequality and environment indicators Beyond GDP per capita Italy Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Japan Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Korea Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Latvia Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Lithuania Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Luxembourg Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Mexico Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Netherlands Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita New Zealand Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Norway Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Poland Growth performance, inequality and environment indicators Beyond GDP per capita Portugal Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Russian Federation Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Slovak Republic Growth performance, inequality and environment indicators Beyond GDP per capita Slovenia Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita South Africa Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Spain Growth performance, inequality and environment indicators Beyond GDP per capita Sweden Growth performance, inequality and environment indicators Beyond GDP per capita Switzerland Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita Turkey Growth performance, inequality and environment indicators Beyond GDP per capita United Kingdom Growth performance, inequality and environment indicators Policy indicators Beyond GDP per capita United States Growth performance, inequality and environment indicators Beyond GDP per capita Blank Page