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.
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.
The gobal economic crisis has led to a sharp contraction in steel production, consumption, prices and jobs.
Countries participating in a “Freedom of Investment” initiative, which together represent four fifths of the world economy, have pledged to resist discriminatory policies and new forms of protectionism towards investment.
The OECD will release a new report – Managing Water for All: Pricing and Financing – at an event during the World Water Forum in Istanbul.
Governments need to put in place comprehensive strategies to make their tourism industries more competitive and work with industry and regional and local authorities to promote sustainable tourism development.
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A three-day international workshop on innovation and the global impact of high-growth small and medium-sized firms (SMEs), organized by OECD with the Kauffman Foundation in Kansas City, hailed entrepreneurship and the fast growth of innovative small firms as the engines of economic growth.
OECD has devised an innovative product, the (Q)SAR Application Toolbox, to estimate the hazardous properties of chemicals by analysing their molecular structure.
Participants at a two-day OECD-APEC conference in Athens agreed that governments should play a more active role in helping small and medium-sized firms trying to expand abroad and provide training in key areas such as marketing and intellectual property.
China needs to make wide-ranging changes in the way it runs its public and private sectors if it is to continue on a stable growth path leading to full integration into the world economy, according to a new report from the OECD.