- Additional Authors
- Description
- 31 p.; 21 x 29.7cm.
- Summary
- This report presents the results from a new model for projecting growth of OECD and major non-OECD economies over the next 50 years as well as imbalances that arise. A baseline scenario assuming gradual structural reform and fiscal consolidation to stabilise government-debt-to GDP ratios is compared with variant scenarios assuming deeper policy reforms. One main finding is that growth of the non-OECD G20 countries will continue to outpace OECD countries, but the difference will narrow substantially over coming decades. In parallel, the next 50 years will see major changes in the composition of the world economy. In the absence of ambitious policy changes, global imbalances will emerge which could undermine growth. However, ambitious fiscal consolidation efforts and deep structural reforms can both raise long-run living standards and reduce the risks of major disruptions to growth by mitigating global imbalances.
- Series Statement
- OECD Economic Policy Papers, 2226-583X ; no.3
- Uniform Title
- OECD Economic Policy Papers, no.3.
- Subject
- Economics
- LCCN
- 10.1787/5k8zxpjsggf0-en
- OCLC
- oecd-lib-003776
- Title
Looking to 2060: Long-Term Global Growth Prospects [electronic resource]: A Going for Growth Report / Åsa Johansson ... [et al]
- Imprint
Paris : OECD Publishing, 2012.
- Series
OECD Economic Policy Papers, 2226-583X ; no.3
OECD Economic Policy Papers, 2226-583X ; no.3.
- Connect to:
- Indexed Term
Economics
- Added Author
Johansson, Åsa.
Guillemette, Yvan.
Murtin, Fabrice.
Turner, David.
Nicoletti, Giuseppe.
de la Maisonneuve, Christine.
Bousquet, Guillaume.
Spinelli, Francesca.
- Other Editions:
Horizon 2060 : Perspectives de croissance économique globale à long terme : Un rapport "Objectif croissance" fre (FR-PaOEC)5k8zngscq3kf-fr
- Other Standard Identifier
10.1787/5k8zxpjsggf0-en doi