OECD

What is industrial policy?

Industrial policy is government action to help key industries or technologies grow, or to secure their economies in the face of challenges.

This can include investing in innovative technologies, backing local industries with financing, tax breaks or cheap energy, or helping companies to grow in key areas like solar power.

Finding the right balance between targeted industrial policy action and ensuring well-functioning markets can help drive growth, support jobs, keep living costs stable and strengthen economic security.

This year, the is bringing countries together at its annual under the theme “Getting Industrial Policies Right for Open Markets, Growth and Prosperity”.

Learn more about the OECD Ministerial Council Meeting: https://brnw.ch/21x2YxN

Today is ***coDay.

To***co smoking has been declining over the past decade, but it remains a public health challenge with 14.8% of people aged 15 and over smoking daily in 2023.

It is a leading cause of multiple diseases, including cancers, cardiovascular and respiratory diseases, and accounted for an estimated 1.25 million adult deaths in countries in 2022.

Explore the latest data in Health at a Glance 2025: https://brnw.ch/21x2YeI

Governments and businesses are turning AI principles into practice while building trust.

Join the OECD-Global Partnership on Artificial Intelligence (GPAI) side event at to learn how governments and companies are working together to support trustworthy AI innovation and wider adoption.

The session will showcase the Policy Toolkit as well as the Hiroshima AI Process Reporting Framework (HAIP) 2.0, a resource for organisations to identify and disseminate good practice by sharing information about how they manage AI risks, safety and transparency.

2 June | 15:00-17:00 CEST
🔗https://brnw.ch/21x2XEc

What is the ?

The OECD Ministerial Council Meeting is the Organisation’s highest-level annual gathering, where ministers and senior leaders come together to discuss global challenges and priorities.

On 3–4 June 2026 in Paris, the will bring together Members to engage in high-level discussions, including with partner countries, on how industrial strategies and competitive markets, domestically and globally, can contribute to long-term growth that supports higher standards of living for all.

Learn more: https://brnw.ch/21x2X9P

Public spending on industrial policy has grown - but what are governments actually funding?

Governments often use industrial policies to address economic, social, and environmental challenges that markets alone may not solve, for example, accelerating the green transition or strengthening supply chains for critical goods and services.

This year’s will be held under the theme “Getting Industrial Policies Right for Open Markets, Growth and Prosperity”. Ministers and senior stakeholders will discuss how industrial policy can support technological progress while preserving open markets and fair competition.

In this context, our latest blog post looks at how industrial policy spending is distributed and whether it is reaching the sectors where it has the greatest impact.

Learn more: https://brnw.ch/21x2Wqn

What is the ?

Led by our 38 Member countries, the OECD works every day to improve the world's economy and quality of life for people everywhere.

Our experts conduct comparative studies and provide evidence-based recommendations to help governments shape better policies for better lives.

At the Council Meeting on 3–4 June 2026 in Paris under the theme “Getting Industrial Policies Right For Open Markets,

Growth and Prosperity”, OECD Members will engage in high-level discussions, including with partner countries, on how industrial strategies and competitive markets, domestically and globally, can contribute to long-term growth that supports higher standards of living for all.

Learn more about who we are and what we do: https://brnw.ch/21x2Vks

Business dynamism refers to the ongoing movement of firms entering and leaving markets, growing or downsizing, and creating or cutting jobs. A new OECD policy brief on ‘Corporate Income Taxation and Business Dynamism’ examines how corporate income tax policy can influence the movement of businesses, in particular small and young firms that often drive innovation and productivity growth.

As policymakers prepare for the , focused on “Getting Industrial Policies Right for Open Markets, Growth and Prosperity”, this brief highlights the importance of careful tax design to support business dynamism, with a particular emphasis on the need to consider cashflow and competition issues as well as the implications for growth-oriented tax reform.

➡️Read the full policy brief: https://brnw.ch/21x2U3Y

Building fiscal sustainability requires greater public understanding of public finances.

Successive crises have left many countries with historically high public debt, while long‑term spending pressures continue to rise.

As governments make difficult choices between today’s needs and long-term fiscal sustainability, public understanding will be essential to building trust and support for reform.

Our new report, The People and the Budget: Empowering Public Understanding of Public Finances highlights that fiscal sustainability requires more than just technical measures. It also requires a shared understanding of the long-term fiscal pressures and budget trade-offs that countries face.

The report offers practical guidance to strengthen how public finances are understood and communicated, how citizens can engage and how independent bodies can play a vital role in an environment of high fiscal pressure and low trust.

Learn more in the full report: https://brnw.ch/21x2T5X

Public finances in OECD countries are facing significant challenges.

Years of deficit spending have resulted in historically high levels of public debt in many countries.

At the same time, countries face significant spending pressures – from ageing populations to national defence.

Many OECD countries are already responding with saving measures across major spending areas:

➡️Around 90% in social protection
➡️Around 80% in health
➡️Around 80% in government operations

However, many of these actions remain modest in scale and more will be required to ensure fiscal sustainability, according to the latest OECD report Restoring Public Finances: Enabling Effective Government.

The report also highlights the crucial role of quality budget institutions and the importance of empowering public understanding of the fiscal challenges ahead.

Citizens are more likely to support reforms when they clearly understand them and recognise why they are necessary.

Download the report: https://brnw.ch/21x2RHY