In 2009, Zambian economist Dambisa Moyo published her book, “Dead Aid”, which shocked much of the international development community by claiming that ‘traditional’ systems of official development assistance (ODA) to Africa were not delivering, and arguing why we must find alternatives. This article looks at where we are at today.
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Private investment is a powerful development enabler, however governments need sound policy frameworks to enhance its development benefits. This policy brief describes how, working with the OECD, the Southern African Development Community (SADC) has created the SADC Investment Policy Framework (IPF) which provides a roadmap for investment policy reform in five areas having a strong bearing on the investment climate in the region.
In a historic visit by Chinese Premier Li Keqiang to the OECD in Paris, the People’s Republic of China today decided to enhance longstanding collaboration with the OECD and to join the OECD Development Centre.
Adequate infrastructure is necessary for sustainable economic and social development. However investment in infrastructure in most developing and emerging economies needs to be substantially increased. This paper draws on 22 OECD Investment Policy Reviews undertaken in such economies and identifies policy options to enhance the enabling environment for infrastructure investment.
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At the request of the G20, this report analyses the nature of the stock of protectionist measures introduced since the global financial crisis and their impact on trade and investment.
Chile's Foreign Investment Committee (CIEChile) and the OECD are partnering to improve CIEChile's role as an investment promotion agency, enabling the country to attract more and better investment.
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This report by OECD and UNCTAD compiles G20 investment measures taken between 2 April 2009 and 15 May 2015.
Investment Insights publishes original research and analysis on current international investment issues. Articles are published under the responsibility of the authors and do not necessarily reflect the views of the OECD or those of its member governments.
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Protectionism and local content requirements are holding back investment in clean energy and thus undermining the fight against climate change. This Investment Insights puts forward policy options for mobilising investment in clean energy and restoring order and confidence in international markets.
The perceived potential of clean energy to support employment in the post-crisis recovery context has led several OECD and emerging economies to design green industrial policies aimed at protecting domestic manufacturers, notably through local-content requirements (LCRs). These typically require solar or wind developers to source a specific share of jobs, components or costs locally. Such requirements have been designed or implemented in the solar- and wind-energy sectors in at least 21 countries, including 16 OECD countries and emerging economies, mostly since 2009.
Empirical evidence gathered in this report shows however that LCRs have actually hindered international investment across the solar PV and wind-energy value chains, by increasing the cost of inputs for downstream activities. This report also takes stock of other measures that can restrict international investment in solar PV and wind energy, such as trade remedies and technical barriers. This report provides policy makers with evidence-based analysis to guide their decisions in designing clean-energy support policies.