By OECD Organisation for Economic Co-operation and Develop
ISBN-10: 9264037721
ISBN-13: 9789264037724
This 2007 variation of OECD’s periodic fiscal survey of the British financial system reveals that the united kingdom has embraced globalisation and has been rewarded with robust progress and function, yet that the near-term outlook is extra doubtful, given contemporary monetary marketplace turbulence. between different matters, it seems at key demanding situations together with globalisation, elevating academic fulfillment, bettering paintings clients for the least expert, the productiveness hole, and tax festival.
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Additional info for OECD Economic Surveys 2007: United Kingdom
Example text
Overall, raising the efficiency of public sector spending remains a key challenge facing the government and more efforts need to be made to ensure that higher expenditure results in significantly higher standards of service delivery. Concerning education, Chapter 2 discusses the need to focus more on encouraging higher educational attainment, without significant further increases in expenditure, while Chapter 4 assesses spending on transport, another priority area. OECD ECONOMIC SURVEYS: UNITED KINGDOM – ISBN 978-92-64-03772-4 – © OECD 2007 29 1.
These latter RSCAs are calculated using extra-regional trade data except for services where it is not available. In the case of missing data on services exports it was assumed that a country’s exports grew at the same rate as world growth in that service. Source: OECD calculations based on the United Nations COMTRADE and UNCTAD databases. 1787/115654761654 OECD ECONOMIC SURVEYS: UNITED KINGDOM – ISBN 978-92-64-03772-4 – © OECD 2007 35 1. MAKING THE MOST OF GLOBALISATION However, during the last 10 years the UK’s exposure to and degree of competition with the emerging markets seems to have increased slightly.
Even though trade openness is facilitating the process of creative destruction in the United Kingdom, the results of a poll released at the end of 2006 (GMF, 2006) suggest that British workers are more likely to view free trade in a positive light than people in the other 32 OECD ECONOMIC SURVEYS: UNITED KINGDOM – ISBN 978-92-64-03772-4 – © OECD 2007 1. 8. 0 Employment shares by industry and change between 1990-93 and 2000-031 Employment share 1990-93 % 30 Change over the past decade % Other business services Knowledge-intensive services 30 20 20 10 10 0 0 JPN 30 ITA DEU FRA CAN USA GBR High and medium-high technology manufacturing FRA ITA DEU JPN USA GBR CAN Other manufacturing 30 20 20 10 10 0 0 CAN USA FRA GBR ITA JPN DEU USA GBR CAN FRA JPN DEU ITA 1.
OECD Economic Surveys 2007: United Kingdom by OECD Organisation for Economic Co-operation and Develop
by William
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