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Following the release of latest figures for foreign direct investment, BNN Canada chats with OECD investment expert, Mike Gestrin.
Foreign direct investment (FDI) into 17 OECD countries, including France, Germany, Japan, the UK and the US, fell by 50% in the first quarter of 2009 compared with the last quarter of 2008, according to estimates by the OECD released at the OECD Forum in Paris.
In his introductory remarks at the Paris Conference for Long-Term Value & Economic Stability, Angel Gurría talks about the importance of long-term investments and their capacity to help to bring back confidence and to achieve long-term sustainable development throughout the world
The 2009 Roundtable on Corporate Responsiblity focused on the responsibilities of multinational companies toward consumers and how consumers can encourage multinational enterprises to live up to the recommendations of the OECD Guidelines for Multinational Enterprises.
The current economic crisis has exposed the deficiencies of economic global governance and the risk of having a highly integrated global economy with fragmented global economic decision-making and regulation. To improve our impact, we do need stronger, more inclusive and better coordinated international organisations, warned the OECD Secretary-General.
With the the global economic crisis, governments are now focused on restoring national economic and employment growth and financial stability which also poses risks for freedom of investment. If they all recognise that open markets will ultimately contribute to a sustainable recovery, they might be tempted to adopt “beggar thy neighbour” policies, including investment protectionism and unfair incentives to attract or retain
With the global economic crisis, governments are now focused on restoring national economic and employment growth and financial stability which also poses risks for freedom of investment.
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Government officials from ASEAN countries and investment experts gathered to discuss on various efforts to create a more attractive investment climate in Southeast Asia at the Forum. OECD’s investment instruments and peer review methods were presented and well received by participants as they can help advance their own agenda of investment policy reforms. The Forum took place in Bangkok, Thailand on 27-28 April 2009.
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Guidelines for Recipient Country Investment Policies relating to National Security have been adopted by the OECD to help governments maintain fair treatment of international investors while meeting their countries' security needs.
The economic crisis has generated an urgent need to restore confidence in our future and make the world economy stronger, cleaner and fairer. There is growing political consensus on the need to develop a set of common principles and standards in order to ensure a more stable and sustainable development of the global economy, according to the OECD Secretary-General.