‘Ensure the two Gs, Green and Growth, go together’ | business | Hindustan Times
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‘Ensure the two Gs, Green and Growth, go together’

Angel Gurria, secretary-general of Organisation of Economic Cooperation and Develop-ment (OECD)—an influential inter-governmental body of 30 countries—who is in India on a three-day visit, spoke to Hindustan Times on a range of issues. Excerpts

business Updated: Dec 03, 2009 20:29 IST
Gaurav Choudhury

Angel Gurria, secretary-general of Organisation of Economic Cooperation and Develop-ment (OECD)—an influential inter-governmental body of 30 countries—who is in India on a three-day visit, spoke to Hindustan Times on a range of issues. Excerpts

On climate change
For good reasons and bad reasons climate change is appearing in discussions trade and economic negotiations. Some people are saying that more trade among nations is going to have a negative impact on the environment. That is absolute rubbish. The good part is that whatever we do now on have to be coloured in green. Clearly, we have to have ensure that the two Gs, Green and Growth go together and are not conflicting.

On the Indian economy
It is great to be discussing whether you are going to grow at 6 or 7 per cent. Many countries are still deep in the red. We are going to launch the investment policy review of India. Nothing of a global nature today can be addressed successfully without India being a part of the process

On G20
We serve and support the G-20. We do not compete with the G-20. We are an institution that is devoted to work with and for the G-20. We are support the government through evidence-based policy recommendations. We are now mandated (by our member nations) to do far-reaching things that include areas such as recommendations on reduction of energy subsidies, a highly relevant issue in India.

On high unemployment because of the global meltdown
If there is one human face of the crisis, it is its effect on labour. In the OECD countries, it is a crisis of jobs. Tens of millions of people are going jobless. There is enormous pressure on the fiscal policy on the expenditure side.

On tax havens
We are working with G-20 on the whole question about transparency in tax information so that there are no place hide in the so-called tax havens. When deficits are skyrocketing and debt as a percentage of gross domestic product rises, the tolerance of countries that their neighbours are receiving deposits so that taxpayers can avoid paying taxes is becoming intolerable.