Looking to 2060: Long Term Prospects for the World, a report produced by the Organization for Economic Co-operation and Development (OECD) says China is projected to overtake the U.S. to become the world's largest economy as early as 2016.
“The United States is expected to cede its place as the world's largest economy to China, as early as 2016. India’s GDP is also expected to pass that of the United States over the long term."
The following are remarks by Angel Gurría, OECD Secretary-General, delivered at the Official Monetary & Financial Institute Forum (OMFIF) Golden Series Lecture, July 2012 (still relevant today):
Thank you for this opportunity to present the OECD’s agenda for growth and our initiative on New Approaches to Economic Challenges (immediate download of PDF file) I think you’ll agree that now more than ever, we need to shine a brighter light on these issues. Before I expand on this, let me first describe some of the economic and social realities we all face.
According to OECD, the U.S. does produce proportionately more large start-ups than its peer nations and new businesses have a much better than average chance of surviving at least two years.
Are you between the age of 18-25 years? Then you are cordially invited to celebrate the OECD's 50th anniversary by creating a short video describing your vision of progress. You can be located anywhere in the world to apply. Three winners will win a trip to Paris.
Be inspired. Get creative. The deadline is March 1, 2011.
OECD's work on trade is about providing analysis, policy advice and guidance to create a better understanding of trade and investment liberalization and how it can lead to stronger economic growth as well as to greater integration of countries into the world economy.
Look at their work for 2009 and see how it may alter your outlook on global trade.
This paper (PDF file) aims to assess barriers to service provision in the financial, telecom, and transport sectors of selected MENA countries. The analysis is focused on computation of aggregate and modal trade restrictiveness indexes (TRIs) by sector.
Six studies that examine how border bottlenecks affect trade and investment flows, how these bottlenecks might be reduced, and whether the expense involved is worth it.
Merchandise export volumes of the Group of Seven countries fell 0.2% in the third quarter of 2008 compared with the previous quarter, while import volumes rose 0.4%.
There is much scope for trade to enhance economic growth in Indonesia. This paper (PDF file) analyses Indonesian trade policy following the Asian Financial crisis, and identifies some key reforms that may help to increase competitiveness.
-> The video above is Ken Ash, Director for Trade for OECD who warns against protectionism as a reaction to the crisis. He outlines the course of action governments should follow.
