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Competition can improve the functioning of the retail banking sector without harming prudential regulation. Customer mobility and choice are essential to stimulate banking competition; credit ratings and easy, low-cost transaction costs for switching are crucial for promoting customer mobility.
This Annual Report provides an account of the actions the adhering governments have taken over the 12 months to June 2007 to enhance the contribution of the Guidelines to the improved functioning of the global economy. This publication also contains the results of the 2007 OECD Roundtable on Corporate Responsibility which focused on the OECD Guidelines for Multinational Enterprises and the financial sector.
On 11 July 2007, Egypt became the first Arab and first African country to sign the OECD Declaration on International Investment and Multinational Enterprises. This marks a new stage in Egypt's drive to attract more foreign direct investment (FDI). A series of policy reforms have helped to underpin a fifteen-fold increase in Egypt’s FDI between 2001 and 2006. FDI reached a record USD 9 billion in the first three quarters of its 2007
The NEPAD-OECD Roundtable in Lusaka, Zambia, 27-28 November 2007 aimed to develop policy capacity building tools that will help NEPAD countries improve the investment related content of Africa’s peer review process (APRM) and support implementation of investment climate reform policies, with a specific focus on the investment environment conditions conducive to attracting investment for development in the water and sanitation sector.
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On the occasion of the tenth anniversary celebration of the adoption of the Anti-Bribery Convention, signatory countries issued a statement reaffirming their commitment to fight bribery of foreign public officials in international business transactions.
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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.