The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Our goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. We draw on 60 years of experience and insights to better prepare the world of tomorrow.
Together with governments, policy makers and citizens, we work on establishing evidence-based international standards and finding solutions to a range of social, economic and environmental challenges. From improving economic performance and creating jobs to fostering strong education and fighting international tax evasion, we provide a unique forum and knowledge hub for data and analysis, exchange of experiences, best-practice sharing, and advice on public policies and international standard-setting.
Keeping the World Economy on Track: Dealing with the Short-Term Emergency and Pursuing Longer-Term Objectives
As the global economy emerges from the COVID-19 pandemic in 2022, the road to sustainable economic recovery has been interrupted by the Russian invasion of Ukraine. In the short term, the G7 needs to address the crisis in Ukraine and deal with the impact of the war on lives and livelihood. At the same time, it needs to keep track of long-term objectives. A new global bargain is needed to support long-term economic growth, accelerate energy transition and the decarbonisation of the world economy, and tackle inequalities. Improved governance of this new global bargain will be essential, to preserve stability and ensure cooperative policies, to mitigate polarization, and to avoid the fragmentation of the international economic order.