While there has been a recent revival of interest in industrial policy around the world, systematic evidence of efficacy is relatively scarce. This report considers recent evidence from the evaluation of industrial policy. It focuses on three specific policy areas: support for R&D, capital market interventions (with a focus on risk capital), and public procurement for innovation.
This paper aims to provide an introduction to and overview of the social investment market for policy makers. Social investment is the provision of finance to organisations with the explicit expectation of a social, as well as financial, return. It has become increasingly relevant in today’s economic environment as social challenges have mounted while public funds in many countries are under pressure.
This Global Forum plays an important role as the tool for on-going dialogue on responsible business conduct. I am pleased to announce that today, Ministers from over 20 countries are coming together to discuss how to integrate responsibility considerations throughout government policies. Their work will contribute to protect internationally recognised fundamental rights and to ensure good governance, fair regulations, and transparency.
Building on concrete examples, this book explores emerging topics in innovation policy for more inclusive and sustainable growth.
Risk finance is essential for new ventures to commercialise new ideas and grow, especially in emerging sectors. Yet very little is known about the drivers and characteristics of risk finance in the green sector. This paper aims to fill this gap by providing a detailed description of risk finance in the green sector across 29 countries and identifying the role that policies might have in shaping high-growth investments.
Governments should recognise tourism’s role as an essential driver of jobs and growth and boost their support for the sector. The industry today accounts for 4.7% of GDP and 6.0% of employment in the developed world, according to a new OECD report.
The last decade has seen considerable policy attention to the social economy and its contribution to employment, in particular as regards the inclusion and empowerment of vulnerable workers and the provision of appropriate working conditions.
This paper highlights the growth in support for financial instruments for seed and early-stage firms across OECD countries. These instruments include grants, loans and guarantee schemes, tax incentives and equity funds. This increased support is linked to the recent financial crisis and the growing concern about young firms’ access to finance.
Young firms play a crucial role in job creation but have missed out on many of the benefits of structural reforms of the past decade in OECD countries.
Finding new sources of growth right now is tough. And in a time of rising inequality, to do so equitably and fairly is even tougher. Innovation can help, but with budgets stretched to the limit how can governments boost innovation in their economies?