GLOBAL ECONOMY 5

WHY STRUCTURAL REFORM IS AT THE CORE OF TODAY’S DEBATE ?.

ABUNDANT EVIDENCE INDICATES THAT URGENT ACTION IS STILL NEEDED TO GET THE GLOBAL ECONOMY ON TRACK FOR THE RECOVERY AND SUSTAINABLE GROWTH.

TODAY, LOTS OF KEY COUNTRIES ARE FACING SEVERAL POLICY CHALLENGES TO ACHIEVE AND SUSTAIN INCLUSIVE GROWTH.

PUTTING PUBLIC FINANCES ON A SUSTAINABLE TRACK OVER THE MEDIUM TERM REQUIRES APPROPRIATE FISCAL FRAMEWORKS AND A STRONG COMMITMENT TO CREDIBLE AND CLEAR CONSOLIDATION PLANS.

FOR THAT REASON, DEFICIT AND DEBT REDUCTIONS REQUIRE ECONOMIC GROWTH AND FISCAL CONSOLIDATION.

ALSO,  RETHINKING GOVERNANCE AND RESTORING TRUST ARE KEY TO ACHIEVING LASTING RECOVERY AND SOCIAL STABILITY.

A PROMISING WAY TO GO IS TO IMPROVE THE BASIC STRUCTURE AND NATURE OF OUR ECONOMIES AND SOCIETES.

LET’S GO « STRUCTURAL »* SHOULD WE WANT TO GO « SOCIAL »* !?

PHLDUCX

*SOURCE : OECD YEARBOOK 2012 – BETTER POLICIES FOR BETTER LIVES -