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  1. OECD Economic Policy Papers
  2. Policy Challenges for the Next 50 Years
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Prudent debt targets and fiscal frameworks
Finance and Inclusive Growth
Structural reforms and income distribution
Effects of Pro-Growth Policies on the Economic Stability of Firms, Workers and Households
Vulnerability of Social Institutions
Global Trade and Specialisation Patterns Over the Next 50 Years
Policy Challenges for the Next 50 Years
Growth Policies and Macroeconomic Stability
Choosing Fiscal Consolidation Instruments Compatible with Growth and Equity
Public Spending on Health and Long-term Care. A new set of projections.
Judicial Performance and its Determinants. A Cross-Country Perspective.
Knowledge-Based Capital, Innovation and Resource Allocation. A Going for Growth Report.
Looking to 2060: Long-Term Global Growth Prospects. A Going for Growth Report.
International Capital Mobility. Which Structural Policies Reduce Financial Fragility?.
Fiscal Consolidation. How Much, How Fast and by What Means?.

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Policy Challenges for the Next 50 Years

Content Provider OECD iLibrary
Author Braconier, Henrik Nicoletti, Giuseppe Westmore, Ben
Abstract This paper identifies and analyses some key challenges that OECD and partner economies may face over the coming 50 years if underlying global trends relating to growth, trade, inequality and environmental pressures prevail. For example, global growth is likely to slow and become increasingly dependent on knowledge and technology, while the economic costs of environmental damages will mount. The rising economic importance of knowledge will tend to raise returns to skills, likely leading to further increases in earning inequalities within countries. While increases in pre-tax earnings do not automatically transform into rising income inequality, the ability of governments to cushion this impact may be limited, as rising trade integration and consequent rising mobility of tax bases combined with substantial fiscal pressures may hamper such efforts. The paper discusses to what extent national structural policies can address these and other interlinked challenges, but also points to the growing need for international coordination and cooperation to deal with these issues over the coming 50 years.
Language English
Publisher OECD Publishing
Publisher Date 2014-07-02
Access Restriction Open
Subject Keyword Economics
Content Type Text
Resource Type Article
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