OECD latest publications
I'm sure that you all know the story of the emperor who was told by a group of con artists that they would dress him in a suit that was invisible to stupid people. The trick took a long time to be revealed because the emperor, like many of his subjects, was reluctant to admit his own shortcomings despite the evidence.
The long-term prosperity of a society is dependent on its productivity—in other words, its capacity to increase the quantity of goods and services produced per unit of labor input. GDP per person of working age can be calculated by simply multiplying the activity rate by the employment rate for the active population and by …
The diagnosis of the system's current problems is well known. Since the start of the 2008 financial crisis, pension spending has increased by 4% on average annually, whilst earnings have stagnated—or even decreased—as a result of a 17% fall in employment.
Colombia’s entry into the OECD, which was announced a couple of weeks ago, is good news, as I said in a previous column, both for what we have done and what we are going to do to look good in the photo of the countries with best practices.
During the last few years, Colombia has successfully complied with an arduous process of evaluation, reforms and adjustments to global best practices in order to join the OECD (Organization for Economic Cooperation and Development).
Pensions are again at the heart of an intense debate. Adjustment for inflation and the repeal of the 2011 and 2013 reforms are among the demands that are putting the sustainability of the system, and consequently the sufficiency of future pensions, at risk.
Los vientos de cola que venía disfrutando América Latina hasta el año 2013 siguen amainando y con ellos, las perspectivas de corto y largo plazo para la región, por lo menos mientras no se aborde con decisión el impulso a la productividad a través de las reformas estructurales.