Long-term growth and policy challenges in the large emerging economies [electronic resource] / Paul Conway, Sean Dougherty and Artur Radziwill = Croissance de long terme et défis de politique économique dans les grandes économies émergentes / Paul Conway, Sean Dougherty et Artur Radziwill

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Conway, Paul

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Material type: Article

ArticleSeries: OECD Economics Department Working Papers ; no.755.Publication details: Paris : OECD Publishing, 2010.Description: 45 p. ; 21 x 29.7cmOther title:

Croissance de long terme et défis de politique économique dans les grandes économies émergentes

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Economics

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Abstract: Taken together, Brazil, China, India, Indonesia and South Africa - the "BIICS" - have been an important engine for world growth, and they account for a growing share of global output. However, further reforms will be needed to ensure catch-up to OECD GDP per capita levels over the long term. This paper uses the OECD's Going for Growth framework, as well as other available evidence linking policies to economic performance, to identify key structural policy challenges in the BIICS for the years ahead. While such challenges vary from country to country, common areas for reform include strengthening policies in the areas of education, product market regulation and labour markets, as well as improving more basic market institutions. This Working Paper relates to the OECD's Economic Policy Reforms: Going for Growth 2010 (www.oecd.org/goingforgrowth) and the Economic Surveys of China, India, South Africa, Indonesia, and Brazil (www.oecd.org/eco/surveys)

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección OECD	OECD 5kmh79tm3n9r-en (Browse shelf(Opens below))	Not For Loan

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Taken together, Brazil, China, India, Indonesia and South Africa - the "BIICS" - have been an important engine for world growth, and they account for a growing share of global output. However, further reforms will be needed to ensure catch-up to OECD GDP per capita levels over the long term. This paper uses the OECD's Going for Growth framework, as well as other available evidence linking policies to economic performance, to identify key structural policy challenges in the BIICS for the years ahead. While such challenges vary from country to country, common areas for reform include strengthening policies in the areas of education, product market regulation and labour markets, as well as improving more basic market institutions. This Working Paper relates to the OECD's Economic Policy Reforms: Going for Growth 2010 (www.oecd.org/goingforgrowth) and the Economic Surveys of China, India, South Africa, Indonesia, and Brazil (www.oecd.org/eco/surveys)

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