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Global Lodging Forum: Jean-Luc Schneider, Economist at the OECD

For its 50th anniversary, the OECD – the Organisation for Economic Cooperation and Development – took on a remarkable exercise in forecasting: identify the challenges in the economic and social contexts in 2060.

The forecast identifies and analyses some key challenges that OECD and partner economies may face over the coming 50 years if underlying global trends relating to growth, trade, inequality and environmental pressures prevail. For example, global growth is likely to slow and become increasingly dependent on knowledge and technology, while the economic costs of environmental damages will mount. The rising economic importance of knowledge will tend to raise returns to skills, likely leading to further increases in earning inequalities within countries. While increases in pre-tax earnings do not automatically transform into rising income inequality, the ability of governments to cushion this impact may be limited, as rising trade integration and consequent rising mobility of tax bases combined with substantial fiscal pressures may hamper such efforts. National structural policies will have to address these and other interlinked challenges, and international coordination and cooperation will be increasingly important over the next 50 years.

Jean-Luc Schneider has been Deputy Director of Economic Policies Studies in the Economic Affairs Division at the OECD since 2007. He previously held different positions at the French Ministry of Finances, at the Treasyry and Economic Policy Directorate General, at the Department of Forecasting and at the INSEE, in the field of economic analysis of structural policies, of public finances and macroeconomic policies. Mr Schneider also worked for several years at the International Monetary Fund, as an economist and expert in the Public Finances Division.

Mr Schneider will be the keynote speaker at the Global Lodging Forum on Monday, April 13 at the Bristol Paris, and will offer a look into the future, a future that will be less agreeable for the generations to come if these major challenges are not taken into consideration quickly enough.

www.globallodgingforum.com
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