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The objective of the Nepal Investment Climate Assessment (ICA) is to evaluate the investment climate in Nepal in all its dimensions and promote policies to strengthen the private sector. The investment climate is made up of many dimensions that shape the opportunities for investments, employment creation, and growth of private firms. Such dimensions include factor markets, product markets, infrastructure services, and the macroeconomic, legal, regulatory, and institutional framework. The report's key finding is that while there are some niche sectors growing and expanding employment in Nepal (including tourism and certain educational and other services), there are many constraints to the investment climate in Nepal that are hindering the development and growth of the private sector. In particular, political instability, poor infrastructure, poor labor relations, poor access to finance, and declining exports plague Nepal's private sector. To overcome many of these issues and move forward, many reforms are needed. Given the extent of the challenge, effective public-private dialogue is required so that the government and the private sector can work in partnership to address these constraints. The pervasiveness and impact of political instability in Nepal makes the investment climate in the country comparable more to Afghanistan than other countries in the region or the comparator countries used in the analysis. While this comparison is unflattering, it is true. Political instability has stifled growth and limited Nepal's ability to exploit its hydropower and tourism potential. Interestingly, many firms do not perceive access to land and finance as major obstacles. This could be a reflection of lack of dynamism: Nepalese firms are simply not planning to invest, expand, and grow in their unstable and unpredictable environment. The peace dividend is not difficult to measure. As the surveys show, ending civil unrest alone would give back to enterprises 44 working days a year. The effects on economic activity, investment, growth, and job creation could be potentially huge.

Artificial Intelligence (AI) systems are changing workplaces. AI systems have the potential to improve workplaces, but ensuring trustworthy use of AI in the workplace means addressing the ethical risks it can raise. This paper reviews possible risks in terms of human rights (privacy, fairness, agency and dignity); transparency and explainability; robustness, safety and security; and accountability. The paper also reviews ongoing policy action to promote trustworthy use of AI in the workplace. Existing legislation to ensure ethical workplaces must be enforced effectively, and serve as the foundation for new policy. Economy- and society-wide initiatives on AI, such as the EU AI Act and standard-setting, can also play a role. New workplace-specific measures and collective agreements can help fill remaining gaps.

This paper presents an overview of gender differences in education outcomes in OECD countries. A rich set of indicators describes the improvement of educational attainment among women over the past decades, and various dimensions of male under-performance in education. Possible explanatory factors include incentives provided by changing employment opportunities for women, demographic trends, as well as the higher sensitivity of boys to disadvantaged socio-economic backgrounds. Gender differences in field of study and in performance by subject are found to be related to attitudes and self-perceptions towards academic subjects, which are in turn influenced by social norms. A number of policy options to address gender gaps are presented in the final section of the paper. (Author's abstract, IAB-Doku).

This paper assesses the extent to which the increase in women's human capital, as measured by educational attainment, has contributed to economic growth in OECD countries over the past five decades. Using cross-country/time series data covering 30 countries from 1960 to 2008 on education (the Barro-Lee dataset) and growth (update of OECD data), our results point out a positive and significant impact of the increase in women's educational attainment relative to men on output per capita growth - as measured by GDP per capita. This increase in female educational attainment implies that the comparative advantage of men relative to women regarding educational attainment has weakened over time, and has even reversed in many countries. We find that the increase in the years of education of the total population has a positive influence on output per capita growth (around 10% of GDP per capita increase per additional year of education on average), and that a more equal ratio of education by gender boosts economic growth. Our results are robust to the use of estimation procedures that do not impose homogeneity restrictions on the speed of adjustment and short-run parameters, to control for endogeneity due to possible reverse causality and to several other robustness tests. Last, but not least, we look at the potential effect of increased female labour force participation on economic growth. The size of the effect is dependent on the rate at which male and female labour force participation will converge, with a potential gain of 12% to the size of the total economy by 2030, on average across OECD countries, if complete convergence occurs in the next 20 years. (Author's abstract, IAB-Doku).

This paper develops OECD information on housing policies and the degree to which OECD countries pursue social policy objectives them. Data collected by the OECD shows that most OECD countries provide considerable support to promote access to homeownership: reported spending can amount up to 2.3% of GDP. Most OECD countries also support the provision of social rental housing, but public support for social rental housing is declining in many countries and the private rental sector is playing an increasingly important role in promoting access to affordable housing. In almost all OECD countries housing support is also delivered through means-tested housing allowances, for which reporting countries spend between 0.6 and 1.8% of GDP. The available data do not allow for a comprehensive cross-country comparison of the housing policy mix but, where available, data suggest that owner-occupied housing receives significant support compared to other tenures.Access to housing and housing quality also remain pressing concerns in many OECD countries. Significant numbers of people are homeless: while statistics are difficult to compare, most OECD countries report that 1 to 8 people in every thousand lack regular access to housing. In addition, many households live in low-quality dwellings: 15% of low-income households live in overcrowded dwellings and 14% do not have access to an indoor flushing toilet. Neighbourhood crime and pollution are also problematic for many households throughout the OECD.