Tuesday, March 16, 2010

OECD Economic Studies on Asia

Economic Survey of China, OECD, 2/2/10, 234pgs.

"With the help of massive government stimulus action, China is now leading the world economy out of recession. Already the world’s second largest economy, China could well overtake the United States to become the leading producer of manufactured goods in the next five to seven years, it says. It will be important to ensure that government saving, now falling in the wake of the crisis, does not revert to its previous, excessively high levels. Public spending should be stepped up to support much needed social reforms in areas such as education, welfare assistance, pensions and health."

Australia: Towards a Seamless National Economy, OECD, 2/15/10, 150pgs.

“Lifting regulatory constraints and removing bottlenecks in some infrastructure sectors would enable Australia to take full advantage of the rapid rebound of some Asian economies, notably China.” “Australia needs to boost productivity to return to long-term sustained growth. An efficient regulatory system is a main step to achieve that goal."

Supporting Japan’s Policy Objectives: OECD’s Contribution OECD, 2/16/10, 23pgs.

"Reforms in nine key areas - a strategy for domestic demand-led growth, the labour market, environment and climate change, education, taxes, health and long-term care, pension reform, regional policy and decentralization and public governance, could bring about a lasting improvement in Japan’s economic prospects."

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