Vigorous competition stimulates productivity and the innovation that is vital for fostering new sources of growth and competitiveness. It prevents market capture by incumbents or large firms. Competitive markets create new employment opportunities, and increase the access of consumers to cheaper and better quality products. Fair competition is one of the oldest pillars of economic progress, according to OECD Secretary-General.
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New restrictions on the short selling of sovereign debt have been proposed in response to major threats to financial market stability and market confidence. This article voices the concerns of debt managers that the proposed changes could push their borrowing costs up.
Spanish, Excel, 426kb
Convención para Combatir el Cohecho de Servidores Públicos Extranjeros en Transacciones Comerciales Internacionales y Documentos Relacionados
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This article looks at the types of risks that may be associated with complex financial groups and analyses the available policy options for satisfying the core policy objectives of safety and soundness, systemic stability, and conduct of business.
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Ten years ago, corporate governance was a nascent concept in the Middle East and North Africa (MENA). This article charts the evolution of corporate governance across the MENA region over this time and proposes potential avenues for future work in this area.
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Europe has been beset by an interrelated banking crisis and sovereign debt crisis. Bond spreads faced by Greece and Ireland, and to a lesser extent Portugal followed by Spain, have increased. This paper explores these issues from the perspective of financial markets, focusing mainly on the four countries in the frontline of these pressures: Greece and Portugal, on the one hand, where the problems are primarily fiscal in nature; and
This review of corporate governance in Chile describes the corporate governance setting including the structure and ownership concentration of listed companies and the structure and operation of the state-owned sector. It also examines the legal and regulatory framework and company practices.
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This paper provides a detailed chronological account of the governance-cum-management reform of National Pension Fund in Korea and analyzes its success factors, drawing lessons for other countries. A review of the current governance structures with the fund versus OECD guidelines and international good practice is also provided, along with suggestions for further reform.
The Chair of the OECD's Working Group on Bribery has expressed concern that the entry into force of the new Bribery Act is to be delayed.
The First Regional Experts’ Meeting of the Joint OECD/AfDB Initiative to Support Business Integrity and Anti-Bribery Efforts in Africa took place on 13 – 14 January 2011 in Lilongwe, Malawi, and officially launched the Joint Initiative.