Fifteen years in five keys


This content was published on May 30, 2021 – 9:19 a.m.

Paris, May 30 (EFE). – Fifteen years after assuming the post of Secretary-General of the Organization for Economic Co-operation and Development, Mexican Angel Gurria will hand over to Australian Matthias Corman next Tuesday, a period during which the organization suffered a severe transformation in its composition. And his speech.

Here are the key milestones of the Organization for Economic Co-operation and Development (OECD) during its three consecutive periods:

1.- Globalization

The former Mexican Minister of Economy and Foreign Affairs came to the organization in 2006 with the aim of transforming it into “confidence for globalization” and reducing the excesses of this phenomenon in order to benefit more people.

Despite the economic crises, he managed to engage the OECD in the work of entities such as the G7 (Group of the most advanced seven), the G20 (Group of developed and emerging countries), the Ibero-American Secretariat or Alianza Dell Peaceful. It is, for example, the main international discussion forum on minimum taxes for large companies.

2.- Response to the crisis

During his tenure, the world economy suffered two very serious crises: the financial crisis of 2009 and that resulting from the pandemic of 2020.

The first highlighted the excesses of unchecked financial deregulation, and the OECD has turned in the pursuit of a more inclusive recovery.

This was the motto of the current crisis: use all tools, including heavy public debt, to support the economy and avoid catastrophic social consequences, as well as seek a recovery that takes into account the most disadvantaged.

Guria also likes to say a lot, focusing on “people”.

3.- Fair taxes

The OECD is a negotiating forum to agree on minimum taxes for large multinationals, especially digital ones, to prevent them from using strategies in different countries to virtually avoid paying taxes.

Following the seat of the previous US administration, the government of President Donald Trump, the arrival of Joe Biden in the Washington government opened up the possibilities of a deal in July.

Previously, the organization, with Guria at its helm, played in a tumultuous conflict in 2009 with one member, Switzerland, over bank secrecy, despite the support of the United States led by Barack Obama.

In addition, in the same month of May, the Organization for Economic Co-operation and Development proposed to increase inheritance tax, as it considers it a good tool in terms of fairness and tax efficiency to fight inequality.

4.- OECD PLUS MESTIZA

Guria joined an organization of 29 members, almost all from Western Europe and North America, as well as Japan, Australia and New Zealand. He leaves him with 38 members, having integrated countries of Central and Eastern Europe and Israel, as well as three Latin American countries: Chile (2010), Colombia (2020) and Costa Rica (2021) .

In addition, Argentina, Brazil and Peru are three of the six candidates to join.

The result is that the OECD is no longer the “rich country club” that many envisioned a few years ago.

5.- Fight against climate change

Tackling climate change and its dire economic consequences in recent years has become a priority for the Organization for Economic Co-operation and Development, which advocates environmental sustainability and opportunities for transition to a green economy.

Here, too, the organization had to fight with the Trump administration to defend the 2015 Paris accords.

Because of this, the United States, the largest contributor to the Organization for Economic Co-operation and Development, has banned the issuance of a unanimous statement at annual ministerial meetings for three consecutive years and forced Guria to use all of his skills. diplomatic to avoid greater evils. . EFE

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