The Parliamentary Assembly of the Council of Europe, enlarged
to include the delegations of national parliaments of the OECD member
States which are not members of the Council of Europe, considers
the activities of this organisation.
The present report refers again to the OECD’s New Approaches
to Economic Challenges (NAEC) initiative, which in 2013 was described
by the OECD’s Secretary-General as “one of the most obvious, most
visible, and most productive results of the dialogue between the
Council of Europe and the OECD”.
It underlines the importance of addressing the rise of inequalities
and the value of social dialogue in achieving more inclusive growth
and quality jobs. The OECD should provide member States with policy
advice: to curb unproductive financial activities and reform the
financial sector to serve sustainable and inclusive growth; to increase
the labour share of Gross Domestic Product; and to halt rising inequality
and promote a more equal distribution of income, wealth and well-being.
The report recognises the political debates and controversies
concerning new types of free trade and investment treaties, but
also the past gains from the comparative advantages of opening up
to international trade. The report calls on the OECD to thoroughly
investigate the trade-offs in the field of further global economic