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One of the most basic legal principles is that crime should not pay. Yet this report shows that, in many jurisdictions with weak sanctions, foreign bribery may be an attractive investment. It shows, in particular, that a company would still be willing to "invest" in a foreign bribery scheme even if it knew in advance that it would be caught and fined at the end of the bribery scenario.
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This note describes work undertaken by the OECD to support the implementation of the 2015 G7 Leaders’ Declaration in the area of responsible business conduct. Four areas of action are covered: outreach on responsible business conduct (RBC) standards to other countries; development of guidance for supply chain due diligence; monitoring of multi-stakeholder initiatives; and strengthening National Contact Points.
In order to achieve sustainable and inclusive growth, there is a need not only for more, but for better investment, including through investment policy frameworks that foster responsible business conduct (RBC). This paper describes the OECD's efforts to promote RBC through the application of the OECD Guidelines for Multinational Enterprises.
This review assesses the overall investment climate in the Philippines, looking at investment policy, investment promotion and facilitation, competition policy, infrastructure investment and responsible business conduct. The Review documents successful reform episodes over the past 25 years in the Philippines, assesses their impact and suggests areas for further reforms. It looks at how to raise investment levels by both foreign and domestic enterprises and at how to ensure that such investment contributes to sustainable and inclusive growth. The current macroeconomic situation in the Philippines is favourable, remittances are high, the business process outsource industry is booming, and the new Competition Act will help to make the domestic market more competitive. The Review argues for one further reform push to ease the many restrictions on foreign investors in the Philippines so as to provide an investment climate where all firms can invest and grow.
The OECD works with Asian economies and regional partners to raise awareness and promote corporate governance and capital market development in the region.
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In 2015, global FDI flows increased by 25% to USD 1.7 trillion, reaching their highest level since the global financial crisis began in 2007. Corporate and financial restructuring played a large role.
Paris, 26 April 2016: OECD Deputy Secretary-General Douglas Frantz and Adrian Cristobal, Secretary, Department of Trade and Industry, Philippines, OECD Deputy Secretary-General Douglas Frantz and Adrian Cristobal, Secretary, Department of Trade and Industry, Philippines, will present reform successes and remaining challenges as well as strategies for promoting and supporting the recommendations in the report.
Counterfeit and pirated products come from many economies, with China appearing as the single largest producing market. These illegal products are frequently found in a range of industries, from luxury items (e.g. fashion apparel or deluxe watches), via intermediary products (such as machines, spare parts or chemicals) to consumer goods that have an impact on personal health and safety (such as pharmaceuticals, food and drink, medical equipment, or toys). This report assess the quantitative value, scope and trends of this illegal trade.
This report assesses the Republic of Kazakhstan’s significant efforts to improve water supply and sanitation (WSS) services over the past 15 years, notably in terms of ambitious target-setting, implementation of a sound water tariff policy, and significant investment in the rehabilitation and development of relevant infrastructure. Generally speaking, the absence of updated data on WSS institutional development is a limiting factor for further policy and programme development in the field, including in Kazakhstan. The monitoring and evaluation system proposed in this report aims to help assess progress in the WSS sector and serve as a basis for any necessary corrective measures.
Trade and investment in natural mineral resources hold great potential for generating income, growth and prosperity, sustaining livelihoods and fostering local development. However, a large share of these resources is located in conflict affected and high-risk areas. In these areas, exploitation of natural mineral resources is significant and may contribute, directly or indirectly, to armed conflict, gross human rights violations and hinder economic and social development. The OECD Due Diligence Guidance for Responsible Supply Chains of Minerals from Conflict-Affected and High-Risk Areas provides step-by-step management recommendations endorsed by governments for global responsible supply chains of all minerals, in order for companies to respect human rights and avoid contributing to conflict through their mineral or metal purchasing decisions and practices. The Due Diligence Guidance for minerals may be used by any company potentially sourcing any minerals or metals from conflict-affected and high-risk areas, and is intended to cultivate transparent, conflict-free supply chains and sustainable corporate engagement in the minerals sector.