The leaders endorsed a series of Action Plans to implement their growth strategies covering a broad swath of policy areas – from innovation and skills to entrepreneurship and investment finance; from improving productivity and trade to tackling money laundering, combatting tax avoidance and reducing overcapacity in the steel sector.
A central focus of China’s G20 presidency has been the need to identify new driving forces for economic growth. The OECD has contributed ideas, analysis and data in support of the Presidency's goal to integrate an Innovation Action Plan which aims to support investment in science and technology, improve skills and encourage the exchange of knowledge.
In their communique, the leaders welcomed the work by the OECD and other international organisations on the measurement of the digital economy and committed to expand broadband access and investment in the information, communications and technology (ICT) sector. They also urged countries to seize the opportunities of the so-called New Industrial Revolution, particularly those offered by new technology in manufacturing. They agreed to strengthen cooperation and research and to support workers most affected by technological change.
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