OECD Economic Outlook No. 71, June 2002, 280 pp. (complete pdf)

Author: OECD Organisation for Economic Co-operation and Development,

Source: OECD Economic Outlook, Volume 2002, Number 1, June 2002 , pp. 421-700(280)

Publisher: OECD - Organisation for Economic Co-operation and Development

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Abstract:

Twice a year, the OECD Economic Outlook analyses the major trends that will mark the next two years. The present issue covers the outlook to the end of 2003 and examines the economic policies required to foster high and sustainable growth in Member countries. Developments in selected major non-OECD economies in East Asia (particularly China), Central and Eastern Europe (Russian Federation) and South America (Brazil) are also evaluated in detail. Supplemented with a wide range of cross-country statistics, the Outlook provides a unique tool to keep abreast of world economic developments. In addition to the themes featured regularly, this issue contains five analytical chapters addressing the following important questions: - What are the medium-term economic consequences of the 11 September 2001 terrorist attacks in the United States, particularly in the areas of insurance, international trade and defence spending? - Has the recent downturn in world activity been unusually mild from a historical perspective? - How have changes in the internationalisation of production affected the structure and patterns of trade over the past decade? What are the macroeconomic consequences of these changes for OECD countries? - How do regulations that impair competition and labour market adaptability affect productivity and innovation? - Would a tax on foreign exchange transactions reduce market volatility? What would be the potential benefits and costs stemming from such a tax?

Page Count: 280

Document Type: Review article

Publication date: 2002-06-01