OECD's Mann on Consolidation and Globalization

The video discusses the impact of corporate consolidation on productivity and innovation, highlighting concerns in the US and the need for careful analysis. It explores globalization's role in economic growth, emphasizing the need for new policies to ensure benefits are widely shared. The discussion shifts to economic policy tools available to policymakers, stressing the importance of using them to achieve faster growth. Japan's economic challenges are analyzed, focusing on demographic issues and fiscal strategies. Finally, the effectiveness of helicopter money as an economic tool is debated.

What is a major concern associated with corporate consolidation in the United States?

• Lower consumer prices

• Higher innovation rates

• Increased competition

• Undermining productivity growth

What is a key factor driving the current discontent with globalization?

• Lack of technological advancements

• Technology-fired globalization

• Increased fiscal consolidation

• Decreased global trade

What is necessary to ensure the benefits of globalization are widely shared?

• Reduced technological change

• Higher tariffs

• New policies and narratives

• Increased fiscal consolidation

What tools do policymakers have to address low nominal GDP growth?

• No tools available

• A full range of structural policies

• Only monetary policies

• Only fiscal policies

What is a significant challenge for Japan's economy?

• Increasing labor force

• High nominal GDP growth

• Demographically declining labor force

• Excessive fiscal investment

What is the proposed solution for Japan to boost productivity?

• Long-term fiscal investment

• Short-term fiscal cuts

• Reducing education spending

• Increasing budget deficits

Why is helicopter money considered ineffective?

• People save it instead of spending

• It leads to higher taxes

• It reduces central bank reserves

• It increases inflation