OECD Economics Department Working Papers
Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.
The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.
- Forthcoming titles
- ISSN : 18151973 (en ligne)
- https://doi.org/10.1787/18151973
Long-term growth and policy challenges in the large emerging economies
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)
Mots-clés: institutions, reforms, indicators, structural policy, education, poverty, regulation, income
JEL:
O4: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity;
P5: Economic Systems / Comparative Economic Systems
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