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Regulation of the legal professions, including self-regulation, typically involves many restrictions on entry and professional conduct. Certain restrictions may be a remedy to market failures and may also be based on distributional or paternalistic motives. But other restrictions can be based on rent-seeking and achieve cartel-like effects. The major policy challenge is to identify and remove the restrictions which are unnecessary or
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Follow-up Report on the Implementation by Japan of the Phase 2 Recommendations on the Application of the OECD Convention and the 1997 Recommendation on Combating Bribery of Foreign Public Officials in International Business Transactions.
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The OECD Anti-Corruption Division won the “Highly Commended” Award in the Smart Regulation category of the 2007 Africa Investor Awards. In his acceptance speech, Patrick Moulette, Head of the OECD Anti-Corruption Division, highlights the benefits that South Africa’s membership of the Convention will bring to the fight against corruption in Africa.
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Investment Newsletter, No. 5 puts the spotlight on the OECD’s investment instruments with reports on Egypt becoming the 40th country to adhere to the OECD Declaration on International Investment and Multinational Enterprises, how OECD investment instruments are being used to inform policy deliberations relating to the investments of Sovereign Wealth Funds and the application of the OECD Guidelines for Multinational Enterprises - one
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This article reproduces an interim report approved by the OECD Investment Committee at the fourth OECD Roundtable on Freedom of Investment, National Security and “Strategic” Industries on 30 March 2007. It also provides a brief overview of discriminatory practices by national authorities motivated by national security and other essential interests.
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OECD Secretary-General Angel Gurrìa outlines his views on current challenges facing the international investment policy community in the introductory chapter of the 2007 edition of International Investment Perspectives.
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This article provides revised measures of the OECD's FDI Regulatory Restrictiveness Index for 29 OECD countries, and extends the approach to the ten non-member countries adhering to the OECD Declaration (Argentina, Brazil, Chile, Egypt, Estonia, Israel, Latvia, Lithuania, Romania, and Slovenia) and four other major non-OECD countries (China, India, Russia and South Africa). The FDI restrictiveness index covers 9 sectors and 11
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Cross-border mergers and acquisitions (M&A) are growing rapidly and are changing the industrial landscape in OECD countries. This paper discusses mergers in general and then looks at whether the benefits typically associated with FDI apply equally well to both greenfield investment and takeovers. Empirical studies which look at the effect of takeovers on employment, wages, productivity and innovation in the acquired firm are
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Under many international agreements, states have negotiated language which provides that even when states have entered into treaty commitments, such commitments do not prevent them from taking measures in order to protect their essential security interests. This article analyses the frequency and scope of these provisions in international investment agreements and instruments to which OECD members are party; the way customary
In July 2007, Egypt became the 40th country to adhere to the OECD Declaration on International Investment and Multinational Enterprises. The adherents to the Declaration commit to providing national treatment to foreign investors and promoting responsible international business conduct. During this process, Egypt undertook a thorough review by OECD members of its international investment policies using the Policy Framework for