“The global recovery from the deepest recession since the Great Depression has been underway for some time now, but it remains overly dependent on macroeconomic policy stimulus and has so far been insufficient to address high and persistent unemployment in many countries. With fiscal stimulus bound to be gradually withdrawn to address unsustainable public debt dynamics and little if any further support to be expected from monetary policy, the main challenge facing OECD governments today is turning a policy driven recovery into self-sustained growth. Speeding up the structural reform process, which outside the financial regulation area has slowed during the global recession, could make a decisive contribution in this regard. In a context of crisis recovery, priority may be given to reforms that are most conducive to short-term growth and help the unemployed and those outside the labour force to remain in contact with the labour market. This new edition of Going for Growth identifies for each OECD country and, for the first time, for key emerging economies (Brazil, China, India, Indonesia, Russia and South Africa, the so-called BRIICS), five reform priorities that would be most effective in delivering sustained growth over the next decade. These recommendations are determined based on a mapping between the performance shortfalls – measured by labour productivity and labour utilisation gaps vis-à-vis best performers – and policy weaknesses of each individual country.”