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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?
Most OECD governments use tax incentives to encourage businesses to invest in research and development (R&D) to boost innovation and drive economic growth. Others, like China, India and South Africa, are doing the same. But reforming these incentives would give countries a better return on their investment and support young innovative firms that play a crucial role in job creation, according to a new OECD report.
In many OECD countries, investment in intangible assets is growing rapidly. In some cases this investment matches or exceeds investment in traditional capital such as machinery, equipment and buildings.
Today, Costa Rica becomes the 45th country to adhere to the Declaration. This commitment is further evidence of Costa Rica’s strong pledge to create an attractive climate for investment, to build on previous efforts which have already contributed substantially to the country’s economic progress. It is also an important step to strengthen the growing ties between Costa Rica and the OECD, said Angel Gurría.
This investment policy review examines Costa Rica's achievements in developing an open and transparent investment regime and its efforts to reduce restrictions on international investment.
Costa Rica today became the 45th country to adhere to an OECD international investment instrument, designed to help the country attract more and better foreign investment and promote responsible business conduct.
International investment is one of the main drivers of globalisation so sound policies towards investment are vital for world prosperity and stability, for maximising the benefits of the integration of emerging major non-OECD players into the global economy and for the development of poor countries.
English, PDF, 722kb
OECD Ministers at their meeting in May 2013 agreed to take a comprehensive range of measures as set out in the OECD Action Plan for Youth. The first objective of these measures is to tackle the current situation of high youth unemployment and underemployment. The second objective is to produce better outcomes for youth in the longer run by equipping them with relevant skills and removing barriers to their employment.
English, PDF, 1,744kb
Prepared for the 2013 G20 Summit in Saint Petersburg, this joint OECD-WTO-UNCTAD report analyses the functioning of global value chains and their relationship with trade and investment flows, development and jobs.
Global value chains (GVCs) have become a dominant feature of world trade and investment, offering new prospects for growth, development and jobs, according to a new joint report by the Organization for Economic Cooperation and Development (OECD), the World Trade Organization (WTO) and the United Nations Conference on Trade and Development (UNCTAD).