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The OECD has been developing a response to the crisis that is holistic, looking atfinancial market issues, and the wide variety of factors that led to damaging incentive structures, as well as the requirements for broader macro and fiscal policies. The crisis has led to a variety of emergency financial measures such as loans, guarantees, and nationalisations. For financial markets, the focus is on exit strategies that are consistent
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The financial crisis that started in the summer of 2007 is shaking the world’s economic system. It started in the financial sector, but is now having an important impact on the real economy. This paper discusses the role of competition policy in times of systemic financial crises, focusing mainly on the financial sector but also looks at the applicability of competition policy to the real sector.
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As a global economic crisis risks becoming a crisis of globalisation, this policy brief looks at the recent performance of trade and FDI, protectionist risks, appropriate policies and the role of the OECD.
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At the 10th roundtable on Freedom of Investment on 26 March, OECD and non-OECD governments reviewed recent policy measures and found no trend to date towards protectionism. They issued a report on building trust and confidence in international investment, that calls for renewed vigilance in resisting protectionist pressures and continued peer monitoring at the OECD. This report is intended for OECD and non-OECD Ministers at the
This Annual Report provides an account of the actions adhering governments took over the 12 months to June 2008 to enhance the contribution of the Guidelines to the improved functioning of the global economy. It also highlights key findings of the High-Level OECD-ILO Conference on Corporate Social Responsibility.