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The UK financial market has been severely affected by the financial market crisis. The crisis has exposed weaknesses in the supervisory framework as well as that for crisis management and resolution. This chapter reviews the supervisory and regulatory framework and the many reforms that have already been adopted to remedy these weaknesses. It also provides recommendations for further reforms.
Italy is facing strong headwinds from the international financial crisis but so far its banking system has been more resilient than in other countries. This chapter suggests that this reflects a combination of factors.
Despite the improvement in regulatory indicators, overall productivity performance has improved very little in Italy. This chapter reviews a number of possible structural explanations.
New Zealand’s living standards remain well below the OECD average. This is entirely attributable to persistently low labour productivity, which in turn is related to economic geography as well as structural policy factors.
High expectations surrounded the two waves of eastward EU enlargement in 2004 and 2007, with the extension of the EU Internal Market being expected to deliver a substantial boost to economic growth in new and old member States alike.
This paper describes patterns and developments of regulation that potentially affect product market competition in OECD countries over the past decade. It uses the 2008 update and revision of the OECD indicators of product market regulation (PMR).
This paper finds that coherent regulatory policies can boost investment in network industries of OECD economies.
Investment in network infrastructure – the energy, water, transport and telecommunication networks –which performs a vital role for the functioning of the economy, can contribute to raising growth and social welfare. But more is not always better.
This paper discusses measures to make the regulation of product markets more conducive to competition play a prominent role in the government’s “growth package” of measures to stimulate economic growth which are in the process of being implemented.
En su discurso, Angel Gurría ha subrayado que las reformas para fomentar mercados de productos más competitivos han sido más profundas en España que en el promedio de la OCDE. Durante los últimos diez años, España ha logrado una importante reducción del control estatal sobre las empresas en el ámbito de los negocios y también una reducción significativa de las barreras al “emprendimiento”, al comercio exterior y la inversión.