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Remarks by Pier Carlo Padoan at the release of the 2010 edition Of Going For Growth on March 10, 2010
Competition is now robust in many sectors but product market barriers remain high overall, which may hold back growth over the longer run.
Productivity growth has declined since the late 1990s, slowing the catching-up process. Structural reforms to strengthen competition, entrepreneurship and innovation would go a long way toward enhancing it.
Israel is supporting its business sector and promoting competition in similar ways to many OECD countries, but there is room for improvement.
The comparatively large magnitude of the losses of the two largest banks of Switzerland in relation to capital has underscored the systemic risks to the economy posed by the institutions’ size relative to Swiss GDP and their extensive cross-border and cross-currency activities.
This paper uses the OECD’s indicators of product market regulation (PMR) to assess the extent to which the regulatory environment in Russia supports competition and to draw attention to the areas where further reform efforts would pay dividends.
English, , 26kb
Call for papers for the OECD & Ifo / CESifo Conference on Regulation: Political Economy, Measurement and Effects on Performance taking place from 29-30 January 2010 in Munich, Germany.
Japanese banks largely avoided the direct impact from the global financial crisis thanks to their limited exposure to foreign toxic assets, the regulatory framework in Japan and the small role of securitisation.
Prices for many goods and services in Belgium are higher than in other countries, reflecting generally weak competitive pressures.
This paper examines how a range of stability-oriented regulatory policies for banking and insurance are related to selected stability and competition outcomes in these sectors.