Daily List 144

Today's highlights

Wednesday 27 July 2016

Economy

Fiscal monitor: acting now, acting together.

World economic and financial surveys
Corporate Author:
International Monetary Fund

The global economy remains fragile at this time. While the recovery in advanced economies is softening, many emerging market and developing economies have experienced a significant economic slowdown, and some large countries show signs of distress. Global risk aversion has risen, and commodity prices have continued to fall since the April 2015 Fiscal Monitor. The weaker outlook and concerns about the ability of policymakers to provide an adequate and swift policy response have amplified downward risks and clouded global prospects. According to this issue of the Fiscal Monitor, the challenging environment calls for a comprehensive policy response to boost growth and reduce vulnerabilities. In particular, it is critical to identify policies that could lift productivity growth by promoting innovation. Fiscal policy can play an important role in stimulating innovation through its effects on research and development, entrepreneurship, and technology transfer.

  • ISBN: 9781513510590
  • 33.50

Economy

Denmark 2016.

OECD economic surveys 2016/11.
Corporate Author:
Organisation for Economic Co-operation and Development

Danes enjoy high living standards and wellbeing, not the least because of the reform willingness of their governments.Yet, the economic recovery has been fragile and GDP per capita is still below its precrisis levels, although Gross National Income has received a boost from favourable term of trade developments. Investment has been subdued and North-Sea oil production has been a drag on growth. Sluggish productivity growth continues to be achallenge, undermining long-term growth prospects of an economy with an ageing population. In many areas such as domestic services and retail more competitive pressure and innovationwould be a boon to growth. A number of reforms have been launched, but more can be done, for instance boosting competition in retail and pharmacies. To enhance inclusive growth, barriers towork for some groups at the margin of the labour market need to be removed. The agreed extension of work lives will need to be accompanied by appropriate measures. The welfare system, though costly, provides generous support for those in need. Public finances are sustainable as long as labour forceparticipation and work incentives remain high and the cost of welfare institutions can be held in check. To this end, generous benefits should be provided in a way which does not reduce work incentives and the effectiveness of integration measures for marginalised groups needs to be improved. On the expenditure side, cost pressures can be contained by further integration of welfare services and opening them to private suppliers

  • ISBN: 9789264256101
  • 39.00

Economy

Korea 2016.

OECD economic surveys 2016/14.
Corporate Author:
Organisation for Economic Co-operation and Development

Output growth slowed to a 34 per cent annual rate over 2011-15, still higher than the OECD average, while inflation has remained below the central bank's target. Although export growth has been sluggish, the current account surplus has risen to nearly 8% of GDP, reflecting weak domestic demand, falling oil prices and transitory demographic trends. Robust residential investment is one bright spot, as the policy interest rate has been cut to a record low. However, high household debt is constraining private consumption, although it does not pose a systemic risk to the financial system. Fiscal stimulus was effectively used in 2015 to support growth. The fiscal situation is sound, with the budget in surplus and the government a net creditor. Labour productivity (output per worker) slowed to around 1% over 2011-15. The level of labour productivity in the service sector is less than hal f of that in manufacturing. SME policy promotes the survival of small firms, rather than higher productivity, and very few grow into medium-sized firms. Venture capital investment has had limited effectiveness in encouraging innovative startup companies. Product market regulation is among the most stringent in the OECD area. The gains from Korea's high level of investment in RandD are limited by structural weaknesses in the innovation system. However, following the introduction of the Three-year Plan for Economic Innovation in 2014, progress is being made, notably in regulatory reform and the RandD and venture ecosystems.

  • ISBN: 9789264257184
  • 39.00

Education & Training

Education in Latvia.

Reviews of national policies for education
Corporate Author:
Organisation for Economic Co-operation and Development

How can Latvia improve the quality and equity of its education system and realise long-term efficiency gains? This report covers the whole education system from early childhood education and care to tertiary education and provides an assessment of Latvia's policies and practices against the best approaches in education and skills across the OECD. This international comparison brings to the fore the many strengths of Latvia's education system, but also highlights the challenges it faces and provides a number of recommendations in response. This report will be of value to Latvia but also policy makers in other countries looking to raise the quality, equity and efficiency of their education system

  • ISBN: 9789264250611
  • 44.00

Transport

Learning from mistakes: an investigation report by the Parliamentary and Health Service Ombudsman into how the NHS failed to properly investigate the death of a three-year old child.

House of Commons papers (2016-17) - 530.
Author:
Dame Julie Mellor (chair and Ombudsman, Parliamentary and Health Service Ombudsman)

This report is about a family finally being given answers as to why the NHS failed to uncover that their son's death was avoidable. Sam Morrish, a three-year-old boy, died from sepsis on 23 December 2010. Our 2014 investigation found that had Sam received appropriate care and treatment, he would have survived. Yet, previous NHS investigations failed to uncover that his death was avoidable. So the family asked us to undertake a second investigation to find out why the NHS was unable to give them the answers they deserved after the tragic death of their son. Our second investigation found that the local NHS investigation processes were not fit for purpose, they were not sufficiently independent, inquisitive, open or transparent, properly focused on learning, or able to span organisational and hierarchical barriers, and they excluded the family and junior staff in the process. Had the investigations been proper at the start, it would not have been necessary for the family to pursue a complaint. Rather, they would, and should, have been provided with clear and honest answers at the outset for the failures in care and would have been spared the hugely difficult process that they have gone through in order to obtain the answers they deserved. As a result, service and investigation improvements were also delayed.

  • ISBN: 9780102989960
  • 10.75