G20 Finance Ministers have welcomed a new OECD/G20 framework designed to help governments develop financial strategies for disaster risk management.

The balance of economic power is expected to shift dramatically over the next half century, with fast-growing emerging-market economies accounting for an ever-increasing share of global output, according to a new OECD report.

New OECD data show that men are more likely to be admitted to hospital as a result of poor management of diabetes than women, even when there are no significant differences in the number of men and women living with diabetes.

Tax revenues in Latin American countries are lower as a proportion of their national incomes than in most OECD countries, but are rising slowly. Revenue Statistics in Latin America shows that the average tax revenue to GDP ratio in the 15 Latin American countries covered by the report increased from 19% in 2009 to 19.4% in 2010, after falling from a high point of 19.7% in 2008.

The financial and economic crises demonstrate that most governments need to change the way they run their countries. Though some have a better track record of reform than others, all can do more to create inclusive, open and responsible governance that can reduce inequality and promote economic growth.

Public social spending has increased to 22% of GDP on average across the OECD in 2012, up from 19% in 2007. Rising spending-to-GDP ratios are due to a combination of governments increasing expenditure on social supports as unemployment and income support benefits but also because of GDP stagnating or declining in many countries.

Latin American governments must act now to strengthen growth and development and counter these risks, according to the 2013 Latin American Economic Outlook, jointly produced by the OECD Development Centre and ECLAC.

Health spending fell across the European Union in 2010, as cash-strapped governments curbed outlays to help cut budgetary deficits, according to Health at a Glance: Europe 2012, a new joint report by the OECD and the European Commission.

Aunque las perspectivas permanecen relativamente positivas, están sujetas a la incertidumbre y volatilidad del contexto externo, por lo que los gobiernos de América Latina deben actuar ahora para fortalecer el crecimiento y desarrollo de la región y contrarrestar estos riesgos, señala el informe Perspectivas económicas de América Latina 2013 producido conjuntamente por el Centro de Desarrollo de la OCDE y la CEPAL.

The OECD will publish its latest Economic Outlook, containing analysis and projections for its member countries and other major world economies, at 11.00 a.m. Paris time (10.00 GMT) on Tuesday 27 November 2012.