Most businesses are good. They pay their taxes, they create employment, they abide by the laws, and they generally contribute to the societies in which they operate. But what can be done when businesses behave badly? This blog discusses the National Contact Points, the unique grievance mechanism of the OECD Guidelines for Multinational Enterprises, and how could be improved to better fulfill their potential.
English, PDF, 355kb
There is scope to further improve South Africa’s investment climate. Investors cite concerns such as frequent policy changes, uncertainty of regulation, and corruption as limiting factors. In addition, recent electricity shortages are likely to be weighing on private investment.
La dernière fois que les Pays-Bas ont présidé la réunion du Conseil de l’OCDE au niveau des Ministres, en 1991, les économies avancées représentaient presque les deux tiers du PIB mondial et près de deux milliards d’individus vivaient dans l’extrême pauvreté. Le monde a bien changé depuis.
The Southern African Development Community (SADC) partnered with the OECD in 2013 to create an Investment Policy Framework (IPF) specific to the SADC region. The framework is now been finalised and this meeting set the implementation priorities for SADC member states over the coming months.
L’économie mondiale a cruellement besoin d’investissements plus productifs pour créer des emplois, accroître la productivité et relever des défis mondiaux comme le changement climatique. Au lieu de cela, les marchés boursiers prospèrent, ce qui malheureusement, pour de nombreux dirigeants et journalistes, revient au même.
There is strength in unity but when it comes to regional co-operation to enhance development, this lesson can be lost. This blog post examines how regions such as the Southern African Community for Development (SADC) and the Association of Southeast Asian Nations (ASEAN) use the Policy Framework for Investment to enhance their investment policies and to attract investment that works for the development of the region as a whole.
The impact of smart investment goes beyond private interests. Investing in infrastructure - especially social infrastructure - can connect communities, enhance social cohesion and make economic growth benefit the people. Yet, as the demand for infrastructure increases with growth, trade and urbanisation, developing countries are struggling to meet their infrastructure needs.
Addis Ababa - Part of the 3rd International Conference on Financing for Development, this event explored strategies to leverage Africa’s pension funds and other sources of private financing to develop Africa’s infrastructure. Ways to improve the investment climate in Africa using the recently updated Policy Framework for Investment were also be addressed.
The landscape of development finance has changed significantly since Monterrey in 2002 and Doha in 2008. There is now a clear understanding that the resource implications for the Sustainable Development Goals require not only scaled-up Official Development Assistance but also massive mobilisation of private investment and more effective domestic tax collection.
In 2009, Zambian economist Dambisa Moyo published her book, “Dead Aid”, which shocked much of the international development community by claiming that ‘traditional’ systems of official development assistance (ODA) to Africa were not delivering, and arguing why we must find alternatives. This article looks at where we are at today.