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Improving adult skills can help countries benefit from globalisation

In an increasingly competitive international environment, providing workers with the right mix of skills can help ensure that globalisation translates into new jobs and productivity gains rather than negative economic and social outcomes, according to a new OECD report.




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US manufacturing decline and the rise of new production innovation paradigms

Between 2000 and 2010, US manufacturing experienced a nightmare. The number of manufacturing jobs in the United States, which had been relatively stable at 17 million since 1965, declined by one third in that decade, falling by 5.8 million to below 12 million in 2010 (returning to just 12.3 million in 2016). Certainly, the 2007–08 recession accelerated the disruption, but the causes were also structural, not simply financial.




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New technology still underused by businesses

Businesses need to step up the adoption of cutting-edge technologies, materials and processes if countries are to reap their full potential in terms of productivity gains, according to a new OECD report.




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Continued slowdown in productivity growth weighs down on living standards

The slowdown in productivity growth - already underway before the crisis – combined with sluggish investment, continued to undermine rises in economic output and material living standards in recent years in many of the world’s economies, according to a new report released today by the OECD.




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OECD Business and Finance Scoreboard

The OECD Business and Finance Scoreboard accompanies the OECD Business and Finance Outlook by providing a commented overview of selected indicators and data related to corporate performance, banking, capital markets, pensions and investments.




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Can better international co-operation help build a fairer global economy?

Drawing on data presented in the 2017 OECD Business and Finance Outlook, this article looks at some of the forces influencing recent economic developments and asks what can be done to ensure a “fairer” global economy.




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Increased international co-operation on financial and corporate issues essential to making globalisation work for all

Globalisation has failed to create a level playing field in trade, investment and corporate behaviour, being one of the factors contributing to a backlash against openness in many countries and a decline in confidence in government institutions.




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Business brief: Bomare: An innovative player

Bomare Company was founded in 2001. Its current capital is DA 620 million (US$5.6 million) and its production covers two major fields: the manufacture of electronic and telephone apparatus (televisions, smartphones, tablets, satellite receivers and professional display screens) under our own brand Stream System and international brands, and subcontracting for the automobile, aeronautics and renewable energy industries.




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For business and globalisation, people hold the key

Making globalisation work, the theme for the OECD’s annual Ministerial Council Meeting 7-8 June, is more than the culmination of one of the most debated issues today. It is also a pertinent topic for the OECD in its quest to better integrate policies that deliver growth and the participation of people behind it.




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Open and Orderly Capital Movements: Interventions from the 2016 OECD High-Level Seminar

This collection compiles the contributions of senior policy experts, academics, and economic practitioners on developments in the financial integration and financial regulation of cross-border capital flows since the 2008 global financial crisis at the OECD High-Level Seminar “Open and Orderly Capital Movements” held in October 2016.




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The government role in mobilising investment and innovation in renewable energy

Successfully attracting investment and innovation in renewable energy requires not only core climate policies, such as pricing carbon, but also a focus on the broader investment environment. Based on new research from the OECD, this article reviews some of the main factors holding back investment and innovation in renewable energy and looks at what governments can do to take action.




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OECD data show pick-up in entrepreneurial activity

Entrepreneurial activity appears to be recovering from the crisis as new data show that the number of new businesses created has been rising in most OECD countries.




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OECD Steel Committee sees tentative and vulnerable recovery amid excess capacity and market distortions

A modest recovery is under way in the global steel market but structural imbalances remain acute amid sluggish demand growth expected in the long-term demand, the OECD Steel Committee said at the end of its meeting this week.




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High-Level Meeting on Tourism Policies for Sustainable and Inclusive Growth

Paris, 2-3 October 2017: The meeting will bring together Ministers, high level policy makers and industry leaders to discuss ways to deliver more sustainable and inclusive tourism growth. Held to mark the occasion of the 100th meeting of the OECD Tourism Committee, the high-level meeting will facilitate an open discussion between countries on the long-term strategic objectives for tourism development.




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Rethink tourism policy for sustainable and socially inclusive growth, says OECD as ministers meet

Governments need to rethink their tourism policies to encourage more diversity, reduce concentration in high-density destinations and put in place long-term strategies that are ecologically sustainable and socially inclusive, according to the OECD.




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Investing in innovation and skills: Thriving in global value chains

This paper synthesises the main policy implications of OECD work focusing on the interplay between participation and positioning in global value chains (GVCs), employment demand and supply, and workforce skills endowment.




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International trade, foreign direct investment and global value chains

Evidence on the role played by investment in global value chains (GVCs) can assist policy work on GVCs, trade, investment and development. Drawing on new and improved measures of trade and investment, these country notes provide relevant statistical information from OECD databases on trade, investment, the activities of multinational enterprises and global value chains.




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FDI in Figures - October 2017

Global FDI flows decreased by 3% to USD 788 billion in the first half of 2017 compared to the second half of 2016. The overall decrease was due to an 11% drop in Q2 after increasing 3% in Q1.Inflows to the EU decreased by 46%, partly due to a drop in the United Kingdom from the very high levels recorded in the second half of 2016, while outflows decreased by a more modest 12%.




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Mr. Angel Gurría, Secretary-General of the OECD, in London on 6 November 2017

Mr. Angel Gurría, Secretary-General of the OECD, will be in London on 6 November 2017 to attend the Confederation of British Industry Annual Conference, where he will deliver remarks at the Business debate on How to ensure globalisation is a positive force. While in London, the Secretary-General will hold bilateral meetings with several high level officials.




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Economic shocks and changes in global production structures: Methods for measuring economic resilience

When economic shocks occur, economic agents are expected to react to reduce the negative impact or amplify the positive effects. The ability of a country to contain economic losses can be defined as the resilience to economic shocks. Using the OECD Inter-Country Input-Output tables, this paper investigates the relationship between changes in final demand and production structures for 61 economies.




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Inventory of investment measures taken between 16 February 2017 and 15 September 2017

The “Freedom of Investment" (FOI) process hosted by the OECD Investment Committee monitors investment policy developments in the 58 economies that participate in the process. This report covers investment measures taken between 16 February 2017 and 15 September 2017.




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OECD welcomes outcome of Global Forum on Steel Excess Capacity Ministerial

The OECD welcomes the outcomes of today's Ministerial meeting of the Global Forum on Steel Excess Capacity, and congratulates Germany on this important achievement on the last day of its G20 Presidency. The Global Forum was created by G20 Leaders, at their Hangzhou summit in September of last year. The OECD is honoured to be serving the Global Forum as its Facilitator and to contribute to its achievements to date.




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Zombie firms and weak productivity: what role for policy?

Weak productivity growth is a major problem afflicting most societies. It curbs growth in incomes and endangers the sustainability of social security systems. An important, but often ignored, source of the productivity slowdown is the increasing prevalence of weakly productive firms and, among them, “zombie firms” – in essence firms that would typically exit or be forced to restructure in a competitive market.




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OECD Workshop on corporate disclosure and responsible business conduct

7 December 2017, Paris - This workshop addressed the growing demand for transparency and information on how companies deal with human rights, environmental, social and other "non-financial" issues with a particular focus on how companies are identifying and addressing impacts in their supply chains.




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China and the OECD partner to promote responsible business in global textile and apparel supply chains

30/01/2018 - The China National Textile and Apparel Council (CNTAC) and the OECD today signed a Memorandum of Understanding (MoU) that sets out their commitment to intensify co-operation to promote responsible business in global textile and apparel supply chains.




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Due diligence guidance on stakeholder engagement in extractive industries

When companies involve stakeholders, such as local communities, in their decision making, it enables them to identify, and account for the impacts of their activities, and contribute to positive social and economic development. To address the challenges raised when engaging with stakeholders, the OECD is preparing a user guide on how to undertake due diligence in engaging with stakeholders for mining, oil and gas enterprises.




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Due diligence in Colombia’s gold supply chain: Where does Colombia's gold go?

This report is part of a series of assessments on Colombian gold supply chains and the OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas. It analyses conditions of mineral extraction and related risks.




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A portrait of innovative start-ups across countries

This paper presents new cross-country descriptive evidence on innovative start-ups and related venture capital investments drawing upon Crunchbase, a new dataset that is unprecedented in terms of scope and comprehensiveness. The analysis employs a mix of different statistical techniques.




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OECD and FAO call for responsible investment in agriculture

16 February 2018 - OECD and the Food and Agriculture Organization of the United Nations (FAO) launched a pilot project in Paris today to kick-start the practical application of the OECD-FAO Guidance for Responsible Agricultural Supply Chains with 30 leading enterprises.




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Small business access to alternative finance increasing as new bank lending declines

Small and medium-sized enterprises (SMEs) are increasingly turning to alternative sources of financing, while new bank lending is declining in a number of countries. Many SMEs remain over-reliant on bank credit, however, and the take-up of instruments other than straight debt varies greatly from one country to another, according to a new OECD report.




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Ministerial Conference on SMEs

22-23 February 2018 (Mexico City): The Ministerial Conference on SMEs will offer a crucial platform for addressing how governments can provide SMEs with the right conditions to maximise their contributions to productivity growth and social inclusion.




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Industrial robotics and the global organisation of production

In order to safeguard their competitiveness in an increasingly digitalised global economy, governments across OECD and emerging economies are implementing a range of policy measures/programmes to support investment in and use of robotics. This paper assesses the extent to which robotics impact the organisation of production through offshoring and backshoring.




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OECD highlights serious weaknesses in the fight against illicit trade

Inconsistent penalties, insufficient checks on small parcels, and a lack of information on shipments in free trade zones allow criminal networks to traffic billions of dollars worth of fake and prohibited goods each year. Today, the OECD introduced a new phase in its efforts to help governments counter these enforcement gaps and better protect consumers and businesses.




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Avoid escalation and rely on dialogue to resolve excess capacity in the global steel industry

The OECD Secretary-General Angel Gurría called on the governments of steel-producing economies to address the root causes of today’s steel crisis through multilateral approaches, and in particular through the Global Forum on Steel Excess Capacity.




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Media advisory – OECD Steel Committee Chair statement – 6 March 2018

The OECD Steel Committee Chair statement was issued today by Lieven Top, Chairman of the OECD Steel Committee, following a meeting of the Committee in Paris on March 5-6, 2018.




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Free trade zones are being used to traffic counterfeit goods

Rapid growth in free trade zones – where economic activity is driven by reduced taxes and customs controls, light regulation and limited oversight – is unintentionally fostering growth in counterfeit goods trafficking, according to a new report by the OECD and the EU’s Intellectual Property Office.




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Transformative technologies and jobs of the future

The digital transformation has positive impacts on productivity for many firms, but has not yet translated into stronger productivity growth at the economy-wide level. This background report for the March 2018 G7 Innovation Ministers' meeting focuses on the impacts of digital transformation on jobs and productivity.




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Call for candidates: OECD Working Party on Responsible Business Conduct seeks a new Chair

29/03/2018 - The OECD Working Party on Responsible Business Conduct is seeking candidates for a new Chairs to assist in implementing and promoting the OECD Guidelines for Multinational Enterprises.




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Appointing authorities and the selection of arbitrators in investor-state dispute settlement

The consultation on appointing authorities and the selection of arbitrators in investor-state dispute settlement paper and comments received are being made available in order to foster informed public and inter-governmental debate.




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Alignment assessment of industry programmes with the OECD minerals guidance

The OECD Due Diligence Guidance is being used as the basis and benchmark by many industry initiatives created to ensure the responsible sourcing of minerals. This report presents the findings of a pilot alignment assessment of five industry programmes against the recommendations of the OECD Guidance to gauge the coherence, effectiveness and credibility of these initiatives.




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Towards an international framework for investment facilitation

Many governments seek to promote and facilitate inward investments that they expect will benefit their economy. This paper looks at the merits of an international framework to facilitate investment in support of sustainable and inclusive growth.




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The digital economy, multinational enterprises and international investment policy

This paper examines the implications of digitalisation and digital technologies for international investment and investment policy, with a particular focus on digital policies relating to national security and digital policies directed at business operations.




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Examen des statistiques d'investissements directs internationaux au Maroc

L’OCDE a mis au point un cadre pour l’évaluation de la qualité des statistiques macroéconomiquesqui se concentre sur sept dimensions de la qualité : la pertinence, la précision, la crédibilité, l’actualité, l’accessibilité, l’interprétabilité et la cohérence. Le présent rapport utilise ce cadre pour évaluer les statistiques d’IDI du Maroc.




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Countries commit to step up efforts to drive more responsible business conduct through new OECD instrument

Ministers from OECD and developing economies have committed to step up their efforts to promote responsible business conduct by companies in order to drive more inclusive and sustainable economic growth.




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OECD Guidelines for Multinational Enterprises National Contact Point Peer Reviews: Chile

Governments adhering to the OECD Guidelines for Multinational Enterprises are required to set up a National Contact Point (NCP) that functions in a visible, accessible, transparent and accountable manner. This report contains a peer review of the Chilean NCP, mapping its strengths and accomplishments and also identifying opportunities for improvement.




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OECD Guidelines for Multinational Enterprises National Contact Point Peer Reviews: France

Governments adhering to the OECD Guidelines for Multinational Enterprises are required to set up a National Contact Point that functions in a visible, accessible, transparent and accountable manner. This report contains a peer review of the French NCP, mapping its strengths and accomplishments and also identifying opportunities for improvement.




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OECD Guidelines for Multinational Enterprises National Contact Point Peer Reviews: Germany

Governments adhering to the OECD Guidelines for Multinational Enterprises are required to set up a National Contact Point (NCP) that functions in a visible, accessible, transparent and accountable manner. This report contains a peer review of the German NCP, mapping its strengths and accomplishments and also identifying opportunities for improvement.




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Facilitating social dialogue under the OECD Guidelines for Multinational Enterprises

This study explores the role of the National Contact Points in dealing with cases relating to the implementation of the OECD Guidelines for Multinational Enterprises with a particular focus on labour issues and social dialogue.




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Trade in fake Italian goods costs economy billions of euros

Global trade in fake Italian goods such as luxury handbags, watches, foodstuffs and car parts is taking a bite out of Italy’s economy equivalent to around 1-2% of GDP in terms of lost sales, according to a new OECD report.




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OECD Guidelines for Multinational Enterprises: a Glass Half Full

20 June 2018 - This Liber Amicorum was prepared for Roel Nieuwenkamp. It offers a wide-ranging and comprehensive message to governments, business, civil society organisations and other stakeholders to collectively widen and deepen the adherence and practice of the OECD Guidelines for Multinational Enterprises worldwide.