The OECD Forum was held in Chile and focused on the theme of “lost productivity worldwide”.
The international organization published a report entitled "link between productivity and inclusiveness" ahead of the forum. In this report the OECD points out that among the many challenges facing our economies, the biggest barrier to improving economic performance is the slowdown in productivity combined with the increase in inequality. "
According to the OECD, one of the possible causes for such a disparity between productivity and inequality comes from the growing weight of finance in the global economy. The OECD notes that the financial sector was singled out for the very high remuneration of its employees which probably affects the overall productivity or, at least, the overall growth, of the sector and fuels rising income inequality.
The introduction of measures to promote more inclusive financial markets is essential to ensure access to finance for SMEs, reported the OECD. This requires better access to bank loans, but also the promotion of new forms of financing to improve access to venture capital.
Please read the full article in French here.