Foreign direct investment can play an important role in financing development, with multinational enterprises also providing employment, technology transfer and access to international markets. This chapter from the 2016 Development Co-operation report examines these trends, the main factors shaping them and their implications.
Costly and lengthy regulatory barriers, accompanied by sluggish markets, have long been reasons for companies and their shareholders to look for alternatives to Initial Public Offerings (IPOs). A popular alternative has often been to pursue backdoor listing – often accomplished through a reverse merger, exchange offer, or rights offer, for instance. Because backdoor listings are often not under the strict oversight of listing rules and regulations, it is argued that they are prone to fraud and abuse. This report provides four regulatory strategies for consideration by policy makers in Indonesia, in order to support their efforts to improve listing and corporate governance standards.
13 July 2016 - Following endorsement of the G20 Guiding Principles for Global Investment Policymaking by G20 Trade Ministers in Shanghai on 10 July 2016, Ana Novik, Head of the OECD Investment Division, highlights the importance of follow-through on this important stepping stone to greater policy coherence.
Shanghai, 9-10 July 2016: G20 Trade Ministers reinforced their "determination to promote inclusive, robust and sustainable trade and investment growth" with the adoption of the G20 Guiding Principles for Global Investment Policymaking.
During the past few years, Romania has recovered well from the global financial crisis. However, the country still faces structural problems, including poor competitiveness, that limit economic growth. Against this background, the OECD Competition Assessment Project analysed legislation in three sectors of the Romanian economy: construction, transport and food processing. Using the OECD Competition Assessment Toolkit to structure the analysis, the OECD identified 227 problematic regulations and made 152 specific recommendations on legal provisions that should be amended or repealed. This report identifies the sources of those benefits and, where possible, provides quantitative estimates. If these recommendations are implemented, there should be benefits to consumers in Romania and to the Romanian economy in all three sectors.
Fifteen years after the creation of National Contact Points as a means to improve the implementation of the Guidelines, the OECD has conducted an analysis of the functioning and performance of the National Contact Points.
En 2016, la France organise le Championnat d’Europe de football (l'Euro 2016), compétition réunissant vingt-quatre pays dans dix villes de l’Hexagone. Cette compétition est généralement considérée comme le troisième événement sportif mondial en termes de retombées médiatiques, après les Jeux Olympiques et la Coupe du Monde de football. Elle suscite donc également d’importants espoirs quant à ses retombées économiques au niveau local. Ce rapport expose les défis que l'Euro 2016 peut représenter pour la France, tout en mettant en évidence les opportunités et les pratiques innovantes qui émergent à chaque événement.
L'Euro 2016 a été l'occasion pour chacune des villes hôtes de mettre l’accent sur plusieurs dimensions de leurs stratégies de développement local et de développer partenariats, approches collaboratives et méthodes de travail. Ce rapport présente dix études de cas riches d’enseignements pour bien articuler les stratégies et les actions locales. Celles-ci sont essentielles pour que l'Euro 2016 soit, au-delà d’un événement sportif majeur, un véritable catalyseur d’investissements, de créations d'emplois, d’innovation sociale et de développement durable dans chaque ville.
Today’s theme – prospering in a low-growth era – suggests that growth rates have declined permanently and that we should focus on how to prosper in such new conditions. There are many problems facing us today not directly related to the pace of economic growth. Indeed, some challenges, like climate change, may actually be eased by slower growth.
This report reviews structural changes in the stock exchange industry and provides data on M&A changes in the aggregate revenue structure of major stock exchanges. It describes the fragmentation of the stock market resulting from an increase in stock exchange-like trading venues, such as alternative trading systems (ATSs) and multilateral trading facilities (MTFs), and a split between dark (non-displayed) and lit (displayed) trading.
One of the puzzles of the post-crisis period is low observed aggregate productivity growth. This report dissects the problem using the company and sector value-added data of more than 11,000 of the world’s largest listed non-financial and non-real-estate companies, taken from 20 different industry sectors.