The MENA region registered relatively dynamic economic growth and investment rates during the first decade of the century, even during the global economic and financial crisis. This was helped by important reforms by many governments to increase economic openness, diversification, private sector development and institutional reform. The participation of Tunisia and Jordan in the Open Government Partnership, the massive investment in infrastructure by Morocco and Egypt to increase connectivity and improve participation in global trade, and the efforts of the United Arab Emirates to diversify its economy demonstrate the great potential of the region to achieve progress. However, recent political instability and security threats have considerably slowed economic prospects. Reforms have not succeeded in tackling deeper structural challenges, such as corruption, unemployment, uneven development and unequal opportunities, especially for disadvantaged regions, women and youth. Appropriate policy responses are needed to regain stability and lay the foundations for a more open economy and a more inclusive development model. While the MENA region is profoundly heterogeneous, there are significant common economic and institutional trends that support the need for more concerted action to exploit the immense potential of the region and ensure its fruitful integration into the global economy.
The post-crisis recovery in entrepreneurial activity remains mixed across countries, but new data released today by the OECD provides tentative signs of a turning point, with trends in enterprise creation rates pointing upwards in most economies.
Ukraine’s post-Maidan authorities have embarked upon an ambitious reform programme to improve the country’s framework for investment and strengthen the country as an attractive investment destination. This review, which was prepared in close cooperation with the Ukrainian authorities in response to their 2011 request to adhere to the Declaration on International Investment and Multinational Enterprises (OECD Declaration), analyses the general investment framework as well as recent reform, and shows where further efforts are necessary. It assesses Ukraine’s ability to comply with the principles of openness, transparency and non-discrimination and its policy convergence with international investment standards such as the OECD Declaration. In light of the recently updated OECD Policy Framework for Investment, it also studies other areas such as investment promotion and facilitation, infrastructure development; financial sector development and responsible business conduct practices. In the scarcely two years since a new attempt at economic reforms was launched in earnest, Ukraine has made quite important progress in introducing a modern legal framework for investment. But additional efforts are required in some policy areas to reaffirm Ukraine’s attractiveness for investors.
In November 2016, the OECD held a hearing discussion on Big Data to explore the implications on competition authorities' work and whether competition law is the appropriate tool for dealing with issues arising from the use Big Data. Access all documentation regarding the discussion.
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This report shows how competition and public procurement agencies have been using the 2012 OECD Recommendation on Fighting Bid Rigging to raise awareness of bid rigging risks and develop tools to detect bid rigging in public procurement.
The Romanian government and the OECD are working together to assess the costs and benefits of regulations restricting competition in the construction, freight transport and food processing sectors and to propose specific recommendations for change.
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The dynamism of Turkey’s business sector played a vital role in the country’s economic growth in the 2000s. However, because of competition-unfriendly product market regulations markets have not reaped the full benefits of this dynamism. Turkish authorities can help unlock growth potential by reviewing regulations and identifying where malfunctions are occurring.
In June 2016, the OECD held a roundtable session to provide an overview of the merger control thresholds and local nexus criteria currently in place in various countries, and discuss law changes since the adoption of the 2005 OECD Council Recommendation on Merger Review.
Over the last decade, an increasing number of competition authorities have obtained powers to adopt commitment decisions in antitrust cases. In June 2016, the OECD Competition Committee will hold a roundtable to discuss agencies’ experiences and explore arguments in favour of and against the use of commitment decisions, judicial review of commitment decisions, and the relationship between commitment decisions and damages actions.
Disruptive innovations are beginning to transform legal services and the manner in which they are delivered. Competition authorities can play a role in advocating for regulatory systems that reflect current market realities and ensure market access for pro-competitive disruptive innovations.