Going for growth

Cotis, Jean-Philippe
May 2005
OECD Observer;May2005, Issue 249, p9
Academic Journal
The article focuses on the persistent economic underperformance of several major Organisation for Economic Cooperation and Development (OECD) countries. Gross domestic product (GDP) per capita in France, Germany or Italy is 30% below U.S. levels. The trouble is, without action, this gap between leaders and laggards will increase over the foreseeable future. The OECD has developed a diversified set of structural indicators in the areas of labour and product markets, which do a reasonably good job at explaining economic performance. And they show that in many cases, bad policies as opposed to legitimate societal choices can explain weak GDP performance.


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