In a highly integrated and interdependent global economy, trade liberalisation is essential to foster competition, innovation and development. The rising importance of Global Value Chains is clear proof of how many countries can benefit from the creation, production and export of a given product, said OECD Secretary-General.
As our financial and environmental resources become scarcer, our collective creativity, cleverness and originality are valuable and productive assets that remain largely untapped: investing in Knowledge-Based Capital (KBC) is an intelligent strategy to promote long-term and sustainable growth.
This new Database, including preliminary data for 40 countries, can play an important role in understanding better what is going on in global trade, investment and production patterns, and in helping us to improve our policies, said OECD Secretary-General
Secretary-General Angel Gurría discussed how co-operation is key in order to best use international capital flows as a tool to finance growth and development that make our economies more prosperous and resilient while dealing with their challenges.
The economic crisis that started in 2007 gave rise to a crisis of legitimacy and a widespread collapse of trust in markets, in firms, and in the governance of our economies. We need to build up that trust again and the OECD Guidelines for Multinational Enterprises and the OECD Anti-Bribery Convention are essential tools for fighting bribery and promoting responsible corporate behaviour.
"At the end of the day, this is what the G20 is about: its “raison d’être” is to show leadership and equip the global economy with an efficient framework for policy coordination. And trade in raw materials and in food commodities should be no exception to this.", said M. Gurría.
At this pre-G20 Event 'Growing Economies through Women’s Entrepreneurship', A. Gurría declared that 'Girls and women represent 3.3 billion ways to change this world. This is the lemma from this year’s G20 Girls Summit. It is also a powerful truth. We need to unleash this potential.'
Angel Gurría recalled the role played by the OECD Bologna Process and Charter and the "need to harness the potential of SMEs and entrepreneurs in the fight against unemployment, social exclusion and poverty" in his remarks to the “Bologna+10” High-level Meeting.
Speaking at the Ministerial Session of the UN Global Compact Leaders Summit in New York, OECD Deputy Secretary-General Richard Boucher highlights the complementary roles played by the OECD Guidelines for Multinational Enterprises and the UN Global Compact in promoting corporate responsibility.
At the USCIB Global Investment Conference in Washington A. Gurría announced that the OECD is considering the feasibility of a non-binding “Model Investment Treaty”, building on converging understandings in OECD and partner countries and invited other organisations to join these reflections.