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As in other catch-up countries inflation is likely to stay high going forward due to nominal convergence. To better cope with the risk of a too rapid pick up of wages, three main areas for improvement are discussed in this chapter.
Angel Gurría shares his views about issues on the 2009 Davos agenda. Beyond short-term expediency, politicians must figure out how to set a long-term course for the global economy. Along with more effective regulation, we need fairer social policies and an end to the bottlenecks that block competition and innovation and hamper sustainable growth. We must also find ways for governments to exit from their massive emergency interventions
Unemployment in South Africa is extremely high and unevenly distributed, being concentrated among young less skilled blacks.
Mr. Gurría underlined that business ethics should be at the center of any new road-map for the global economy. Markets should not only be more stable, but morally acceptable as well. He said that it is time to reunite ethics and economics through a solid, transparent and updated set of rules.
The 2nd OECD-Southeast Asia Regional Forum will be held in Thailand on 27-28 April 2009. Drawing on bilateral discussions with several countries in the region and identifying areas of common interest, the OECD proposes the theme of Enhancing Competitiveness through Regional Integration.
Financial integration and development raise the likelihood of cross-border financial contagion. Further improvements are needed to European regulatory and supervisory frameworks to ensure financial stability.
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While there is no presumption of per se illegality of structural links between competitors, minority shareholdings and interlocking directorates can have negative effects on competition depending on the circumstances, either by reducing the individual incentives to compete or by facilitating collusion.
In OECD countries, merger review rules are most frequently used to examine the competitive effects of minority shareholdings. However,
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OECD Chief Economist, Klaus Schmidt-Hebbel's presentation on 18 November, 2008 at the OECD-World Bank joint conference on innovation and sustainable growth in a globalized world.
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The world is rapidly transforming and a number of dynamic emerging economies,including South Africa, have become major players and trading partners with the members of the Organisation for Economic Co-operation and Development(OECD). In this context, the OECD Members have recognised the need for theOrganisation to become more open and relevant in order to realise its strategicgoal of becoming an important hub for dialogue on globally
This working paper suggests that establishing stronger vertical separation between network access provision and potentially competitive services will be the main challenge for Germany going forward.