The Asian crisis prompted calls from several quarters for tighter controls on foreign investment and capital flows in emerging markets. However, there are several compelling arguments in favour of freeing up capital flows in these markets, provided it is done in an orderly and properly structured way.
May 1998. This paper was presented at an IMF Seminar on Current Legal Issues Affecting Central Banks.
In 1995, OECD Ministers launched negotiations on a multilateral agreement on investment (MAI) with high standards of liberalisation and investment protection, with effective dispute settlement procedures, and open to non-Members. Negotiations were discontinued in April 1998 and will not be resumed.
Proceedings of the OECD Conference on Women Entrepreneurs in Small and Medium Enterprises: A Major Force in Innovation and Job Creation, 16-18 April 1997.
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This report, published in April 1998, surveys the findings and conclusions of OECD work and related studies concerning the role of international investment in globalisation and its links with trade and economic development.
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21 March 1998. At the time of the MAI negotiations, the United Kingdom commissioned an independent consultant, Dr. E.V.K. FitzGerald, to prepare a report on the possible implications of the MAI for developing countries.
This document presents three alternative methods for the construction of indicators of relative trade-weighted unit labour costs by industry, as well as the empirical results based on these methods for 18 OECD member countries.
This paper describes the methods used to classify the OECD countries' industrial sectors and manufactures by level of technology, and presents the resulting classifications.
This Workshop was arranged as part of the OECD's Emerging Market Economy Forum.
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Paris, 17 September 1997. These proceedings contain a selection of papers presented at the Special Session on the Multilateral Agreement on Investment which took place in Paris on 17 September 1997.