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G20 Leaders have committed to forego protectionism and have requested public reports on their adherence to this commitment. This third joint report by OECD, UNCTAD and WTO on G20 trade and investment measures covers the period from 1 November 2009 until mid-May 2010.
The 2009 edition of the annual report focuses on consumer empowerment and responsible business conduct as well as providing an account of the actions adhering governments have taken over the 12 months to June 2009.
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This paper assesses the relative performance of different investment strategies for different structures of the payout phase.
Working Paper: "Assessing Default Investment Strategies in Defined Contribution Pension Plans". Future retirees can expect dramatic fluctuations in fortunes between members of a cohort unless they adopt investment strategies that reduce the impact of market shocks. Similar strategies should also become the default for individuals who make no active investment choice.
Discussions at this high-level event focused on financial literacy, behavioural economics and financial education and the importance of financial education in defined contribution pension schemes.
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This document contains the proceedings from a Conference on Terrorism Risk Insurance held in Paris on 1-2 June 2010.
Specialists in terrorism insurance and disaster management re-assessed the state of terrorism insurance markets, discussed promoting awareness of terrorism risks and reviewed the status of terrorism risk insurance programmes in different countries.
“For the global economy, corruption is dangerous,” he said at the OECD in Paris on 31 May. “The consequence is economic decay, not development. And that’s why corruption demands a truly global response – one that knows no limits on collaboration.”
OECD countries have made significant reform progress in recent decades, in fields as diverse as competition policy, health care and the environment. How have they done it? And why have reforms advanced in some places and stalled in others? This collection of essays analyses the reform experiences of the 30 OECD countries in nine major policy domains in order to identify lessons, pitfalls and strategies that may help foster policy reform in the future. While taking full account of the tremendous differences in the political and institutional settings in which these reforms were undertaken, the authors highlight a number of common challenges and potential solutions that hold good across both countries and issue areas. They show that the scope for cross-national policy learning is enormous.
The importance of such reform lessons is all the greater in the wake of the global financial and economic crisis. As OECD governments confront the challenge of trying to restore public finances to health without undermining the recovery, they will need to pursue a careful mix of fiscal policies and growth-enhancing structural reforms. Designing, adopting and implementing such a policy mix will require the crafting of effective reforms and effective strategies for implementing them.
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In previous studies, the OECD has identified the main hallmarks of the crisis as too-big-to-fail institutions that took on too much risk, insolvency resulting from contagion and counterparty risk, the lack of regulatory and supervisory integration, and the lack of efficient resolution regimes. This article looks at how the Basel III proposals address these issues, helping to reduce the chance of another crisis like the current one.