OECD Economic Surveys: Iceland 2017

Business & Finance, Economics
Cover of the book OECD Economic Surveys: Iceland 2017 by Collectif, OECD
View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart
Author: Collectif ISBN: 9789264277939
Publisher: OECD Publication: June 27, 2017
Imprint: OECD Language: English
Author: Collectif
ISBN: 9789264277939
Publisher: OECD
Publication: June 27, 2017
Imprint: OECD
Language: English

Iceland is the OECD's fastest growing economy. It has made a remarkable turnaround from the crisis, helped by booming tourism, prudent economic policies and a favourable external environment. Iceland has an egalitarian society with strong trade unions, very low inequality and high gender balance. Nevertheless, as a very small open economy Iceland is prone to boom and bust cycles. Prudent fiscal and monetary policy are warranted in the current economic boom.

The spectacular growth in tourist numbers has provided new jobs, boosted tax revenues and attracted currency inflows, but there are some growing pains with social pressures emerging. Growing tourist numbers are putting pressure on the environment, infrastructure and housing. Furthermore, the strengthening króna has created difficulties for other internationally-exposed sectors.

Iceland is the most highly unionised OECD country and the wage-bargaining system has contributed to high living standards and an inclusive society. Nevertheless, recent disruptive strikes and high wage awards have intensified inflationary pressures and threaten competiveness. Fostering trust among the social partners and increasing wage coordination would make collective bargaining more effective and help sustain the benefits of the system for future generations.

SPECIAL FEATURES: SUSTAINABLE TOURISM; EFFECTIVE LABOUR RELATIONS

View on Amazon View on AbeBooks View on Kobo View on B.Depository View on eBay View on Walmart

Iceland is the OECD's fastest growing economy. It has made a remarkable turnaround from the crisis, helped by booming tourism, prudent economic policies and a favourable external environment. Iceland has an egalitarian society with strong trade unions, very low inequality and high gender balance. Nevertheless, as a very small open economy Iceland is prone to boom and bust cycles. Prudent fiscal and monetary policy are warranted in the current economic boom.

The spectacular growth in tourist numbers has provided new jobs, boosted tax revenues and attracted currency inflows, but there are some growing pains with social pressures emerging. Growing tourist numbers are putting pressure on the environment, infrastructure and housing. Furthermore, the strengthening króna has created difficulties for other internationally-exposed sectors.

Iceland is the most highly unionised OECD country and the wage-bargaining system has contributed to high living standards and an inclusive society. Nevertheless, recent disruptive strikes and high wage awards have intensified inflationary pressures and threaten competiveness. Fostering trust among the social partners and increasing wage coordination would make collective bargaining more effective and help sustain the benefits of the system for future generations.

SPECIAL FEATURES: SUSTAINABLE TOURISM; EFFECTIVE LABOUR RELATIONS

More books from OECD

Cover of the book National Accounts at a Glance 2010 by Collectif
Cover of the book OECD Competition Assessment Reviews: Romania by Collectif
Cover of the book Global Forum on Transparency and Exchange of Information for Tax Purposes Peer Reviews: Bermuda 2010 by Collectif
Cover of the book Intermodal Transport by Collectif
Cover of the book Learning for Jobs by Collectif
Cover of the book OECD-FAO Agricultural Outlook 2016-2025 by Collectif
Cover of the book Addressing Tax Risks Involving Bank Losses by Collectif
Cover of the book Panorama de l'entrepreneuriat 2017 by Collectif
Cover of the book OECD Economic Surveys: United Kingdom 2011 by Collectif
Cover of the book Améliorer les dispositifs d'incitation dans les organismes donneurs (Première édition) by Collectif
Cover of the book Asset Declarations for Public Officials by Collectif
Cover of the book Interrelations between Public Policies, Migration and Development in Georgia by Collectif
Cover of the book Good Regulatory Practices to Support Small and Medium Enterprises in Southeast Asia by Collectif
Cover of the book Civil Society and Aid Effectiveness by Collectif
Cover of the book Multi-Dimensional Review of Panama by Collectif
We use our own "cookies" and third party cookies to improve services and to see statistical information. By using this website, you agree to our Privacy Policy