It is seven years since the global crisis and despite easy monetary policy, financial regulatory reform, and G20 resolutions favouring structural measures, the world economy is not making a lot of progress. Indeed, the responses to the crisis seem mainly to have stopped the banks from failing and then pushed the many faces of the crisis around between regions—currently taking the form of excess capacity in emerging markets. Productivity growth raises income per head, allows companies to pay better wages and it raises demand to help to eliminate excess capacity and improve employment. However, this element is missing in the global corporate sector. The theme of this year’s Business and Finance Outlook is fragmentation: the inconsistent structures, policies, rules, laws and industry practices that appear to be blocking business efficiency and productivity growth.
The SME Policy Index is a benchmarking tool designed for emerging economies to assess SME policy frameworks and monitor progress in policy implementation over time. The Index has been developed by the OECD in partnership with the European Commission, the European Bank for Reconstruction and Development (EBRD), and the European Training Foundation (ETF) in 2006.
For the Eastern Partner Countries, the assessment framework is structured around the ten principles of the Small Business Act for Europe (SBA), providing a wide-range of pro-enterprise measures to guide the design and implementation of SME policies based on good practices promoted by the EU and the OECD. It is applied to the Eastern Partner Countries for the second time since 2012.
The Index identifies strengths and weaknesses in policy design and implementation, allows for comparison across countries and measures convergence towards good practices and relevant policy standards. It aims to support governments in setting targets for SME policy development and to identify strategic priorities to further improve the business environment. It also helps to engage governments in policy dialogue and exchange good practices within the region and with OECD and EU members.
The purpose of this workshop was to share information with the Ukrainian authorities about the obligations of governments under the OECD Declaration on International Investment and Multinational Enterprises related to the OECD Guidelines for Multinational Enterprises, one of four instruments of the Declaration.
This expert meeting focused on promoting a better environmental performance of SMEs in the six partner countries of EaP GREEN programme (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine). It was held on 12 February 2015 in Kiev, Ukraine.
This report examines the key policies that would increase competitiveness in the Eastern Europe and South Caucasus region through developing human capital, improving access to finance for SMEs and creating more and better investment opportunities.
The economic downturn has hit shipbuilding hard. New orders have contracted by up to 90% and cancellations have increased, which is likely to result in significant excess shipbuilding capacity. This outlook is unlikely to improve for some time.
The objective of this roundtable was to present main findings of the joint EC-OECD project, carried out in 2004-2006, on improving the conditions for enterprise development and the investment climate for domestic and international investors in Ukraine.
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Ukraine has made good progress across a broad front of legal and regulatory issues concerning the general business climate, but the country still needs to address major challenges. From the perspective of investors and legal analysts, a lack in consistency and coherence of legislation can affect investment decisions. Another issue is the institutional capacity of Ukrainian authorities and the judiciary to implement the legislation.
The primary purpose of this meeting was to better assess the current situation and needs of the legal landscape with regard to business, identify priorities in the field of investment and private sector development, both domestic and foreign, and to gather experiences from various stakeholders in order to develop a set of recommendations on how to further improve the business climate in the Ukraine.
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This article, by Mehmet Ögütçü and Jaroslav Kinach, was published in the October 2002 edition of the OECD Observer.