CRI听力:OECD Chief: World Needs to Improve Global Governance to Tackle Challenges; China Plays a Key R

Gurria made the remarks when he was delivering a speech at China Institute of Intenational Studies when he has outlined a few challenges that the world is currently facing, ranging from global financial crisis and climate change to rising inequalities and increasing unemployment, all these issues of which can only be solved by means of a more effective global governance and joining forces.

"We need more inclusive global governance because there is no longer any single country or even small groups of countries that enjoys global economic supremacy. Emerging economies represent around 86 percent of the world's population and 50 percent of the world's GDP. They are now the main source of global economic growth. We cannot build a better global economy without their contribution. We also need more effective global governance to rise to the challenges posed by this interconnected world."

Gurria added there are at least three crucial actors that can make a significant contribution to the construction of this new inclusive and effective global governance architecture. They are OECD, Group of 20, or G20 and China.

"The OECD is becoming an increasingly active source of analysis and consensus for a new global governance architecture. We are launching an uNPRecedented initiative to renew our economic thinking, helping us refocus our policy advice and learn from other alternative economic and development models. The G20 is also now making efforts to take a global quantum leap on green growth, under the Presidency of Mexico."

Gurria finally affirmed China's contribution in this regard.

"The contribution of China to global fora and governance is crucial. But the great potential of this contribution depends on our capacity to understand each other and to learn from each other to address common challenges and meet shared objectives."

Gurria also cited an ongoing OECD study on long trends estimating that China will surpass the US to become the world's largest economy in the early 2020s.
OECD, founded in 1961 is an international economic organization of 34 countries to stimulate economic progress and world trade. It is a forum of countries committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and co-ordinate domestic and international policies of its members.

For CRI, this is Wei Tong.