Economic Policy Reforms 2021
Going for Growth: Shaping a Vibrant Recovery
Going for Growth 2021 identifies country-specific structural policy priorities for the recovery across OECD and key non-member countries (Argentina, Brazil, The People’s Republic of China, Costa Rica, India, Indonesia and South Africa). It frames the main policy challenges of the current juncture along three main areas: building resilience; facilitating reallocation and boosting productivity growth for all; and supporting people in transition. The publication also highlights priorities in areas necessitating increased international cooperation in order to manage cross border spillovers: health, climate change, trade and taxation challenges of digital economies.
Structural policies to deliver a stronger, more resilient, equitable and sustainable COVID-19 recovery
The COVID-19 pandemic exposed structural weaknesses of our economies. Many of them were pre-existing challenges, which have increased the short-term costs of crisis and risk leaving long-term consequences on growth, wellbeing and sustainability. As the roll-out of vaccination gradually installs hope, policy focus should turn to recovery packages that provide the foundations for stronger, more equitable and sustainable medium-term growth. The 2021 edition of Going for Growth advises on country-specific structural policy priorities for the recovery. This chapter frames the main policy challenges and structural policy priorities along three main pillars: building resilience; facilitating reallocation and boosting productivity growth for all; and supporting people in transition. A key message from the pandemic is the marked increase in the attention to building resilience.