More Events

Going for Growth 2010
Real reforms for sustainable economic recovery

Presentation
Sean Dougherty
Senior Economist, OECD Economics Department

Discussant
Donald Marron
President, Marron Economics LLC

Friday, March 12, 2010
Rayburn House Office Buildling, Room 2325
Washington DC, 20515
9:00-10:00 PM Presentation, 8:30 PM Registration

While the series is free of charge, we ask that you please
register by Thursday March 11, for security reasons.

Event Description:

The world is currently facing the aftermath of the worst financial crisis since the Great Depression. Going for Growth 2010 examines the structural policy measures that have been taken in response to the crisis, evaluates their possible impact on long-term economic growth, and identifies the most imperative reforms needed as well as the policy mistakes to be avoided in order to strengthen the recovery. In addition, it provides a global assessment of policy reforms implemented in OECD member countries over the past five years to boost employment and labor productivity. Reform areas include education systems, product market regulation, agricultural policies, tax and benefit systems, health care and labor market policies.

The report argues that while the main thrust of the United States' policy response to the crisis has been appropriate to stabilize the economy and create jobs, more reforms are still needed. In particular, reforms of financial market regulation, health care, and education policy need to take place in order to create more sustainable and well-balanced growth.

Going for Growth 2010 also addresses key policy challenges in non-OECD G-20 countries – Brazil, China, India, Indonesia and South Africa. Here, major reforms are needed to sustain growth momentum going forward, by relaxing restrictive business regulation, improving protection of property rights, and deepening financial markets, as well as undertaking other major reforms.

Sean Dougherty, Head of the OECD Going for Growth Unit, will present the main findings of the report. 

Biographies:

Sean Dougherty heads the Going for Growth team in the OECD Economics Department in Paris. While at the OECD, he has co-authored the organization's first economic surveys of both China and India, and is leading the enlargement of Going for Growth to cover G-20 countries. In his role at the OECD, he regularly gives advice to member governments and emerging economies, and frequently interacts with the media. Before joining the OECD, he worked at The Conference Board in New York City, where he covered emerging markets and completed a study of global innovation for the National Science Foundation. An American citizen, Dougherty holds graduate degrees in both Economics and International Relations, as well as a bachelor of science from the Massachusetts Institute of Technology.

Donald B. Marron is a visiting professor at the Georgetown Public Policy Institute and president of Marron Economics LLC. He also writes about economics, finance, and life at dmarron.com . Dr. Marron previously served in various senior government positions including as a member of the President's Council of Economic Advisers, acting director of the Congressional Budget Office, and executive director of Congress's Joint Economic Committee. Before his government service, he taught economics and finance at the University of Chicago Graduate School of Business, managed large antitrust cases at Charles River Associates in Washington, DC, and served as chief financial officer of a health care software start-up in Austin, TX. He received his Ph.D. in economics from the Massachusetts Institute of Technology and his B.A. in mathematics from Harvard University.

More Events