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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.
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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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.
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Small and medium-sized enterprises (SMEs) are currently attracting a great deal of attention from policy makers in OECD Member countries and elsewhere. In a world economy characterised by rapid globalisation, new opportunities are opening up for ...
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Chile is a significant host for foreign direct investment (FDI) in South America, especially given the relatively small size of its economy. The attraction of Chile to foreign investors lies not only in its resource abundance but also in its tradition of openness to foreign investment. Chilean policies towards inward investment generally conform to OECD standards, and the country has been a trailblazer within Latin America in terms of
How can we adequately compare output and productivity growth across countries? Well-established measures of output and productivity growth have come under scrutiny because they have not always been able to reflect the rapid quality changes in pro...
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Liberalisation of foreign direct investment (FDI) has been an essential element in the increasing internationalisation of the economy, and has enhanced France's image as an FDI host country. Thanks to a surge in direct investment flows since 1984-1985, France has become the third-ranking country in the OECD area in terms of inward FDI and fourth in terms of outward FDI at end 1994. The abrogation in early 1996 of the prior approval
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Switzerland has long played an important role as both home and host to multinational enterprises. Certain large Swiss firms are among the most active foreign direct investors, and foreign firms are often keen to exploit the advantages of investing in Switzerland. These advantages stem partly from a general openness to inward investment, a central geographical location within Europe and a well-developed infrastructure. This report
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What are the main issues and policy implications facing SMEs? This summary of a workshop held in Washington on their role in creating jobs, promoting economic growth and innovation, lays bare the major issues.