At a seminar in celebration of the OECD’s 50th year, Vincent Cable MP argued that “…[there’s] nothing more important for the current recovery than to maintain free trade and the opportunities it provides, and the OECD through its analysis and advocacy is an essential part of that…”. He also reflected on past achievements of the OECD, and acknowledged its “…strong support for the UK government’s difficult but necessary policy at the present time.”
Bringing together business, think-tanks, academia, government, the media, and LSE students, the seminar on Wednesday 16 March 2011 addressed the economic challenges facing policy makers working to transition the world economy from a crisis to a period of strong, sustainable, and balanced growth.
The event also featured Angel Gurria, OECD Secretary General, who Howard Davies welcomed, stating that “…under Angel Gurria the OECD has maintained its relevance and, of course, has set off in some new directions to expand its membership to respond to the changing centre of world economic gravity.”
In his speech, Gurria identified promoting European integration, macroeconomic policy coordination, and the development of economic indicators as some of the valuable accomplishments of the organization, while discussing the need to look towards future challenges, and the importance of encouraging active participation and policy inputs from emerging economies.
A full length podcast of the welcoming address is available.
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