6th OECD World Forum kicks off in Songdo Convensia

  • 5 years ago
The sixth OECD World Forum kicked off in South Korea's western port city of Incheon on Tuesday.
Since 2004, the event has served as a venue to share knowledge and experience... on the role of data and policy in shaping a better world for all.
Kim Hyesung reports.

"Welcome to the 6th OECD World Forum on statistics, knowledge and policy

Around three thousand policymakers, academics and business leaders from over 100 countries... gathered in South Korea's western port city of Incheon to discuss "the future of well-being".

"Korea is a unique country in a sense that we have achieved miraculous economic growth within a short time period, and that people's interest in future of well-being has never been higher before. In this context, it cannot be more appropriate to hold the OECD World Forum here in Korea this year."

Since the first OECD world forum in Italy in 2004, the OECD has developed models to measure people's 'well-being',... taking into account,... factors like work-life balance, environment, and sense of security,... which cannot be measured by conventional economic indicators like GDP.

"This year's forum focused on three key trends - the digital revolution, new modes of governance and the role of the private sector - factors that could affect people's well-being over the next 10 to 20 years."

The OECD report shows... technological advances like AI could disrupt up to one half of the workforce among OECD countries... worsen inequality, and engender political polarization due to fragmented data.
The aging population in particular, add complexity to this digital transformation... and participants at the forum pointed out... that the role of governments is to help provide security for the people through better healthcare and access to education.
But the private sector also plays a critical role.

"What businesses need to do is to have products that really deliver good things for the public, healthy foods, products and services that raise people's well-being. Also taking care of their own workers, so that people are able to work in dignity, they have vacation time."

During the three-day event,... policymakers and statisticians will examine detailed ways to push for inclusive growth... and formulate a collective action plan Thursday to help improve people's well-being.
Kim Hyesung, Arirang News, Incheon.