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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 current economic crisis has exposed the deficiencies of economic global governance and the risk of having a highly integrated global economy with fragmented global economic decision-making and regulation. To improve our impact, we do need stronger, more inclusive and better coordinated international organisations, warned the OECD Secretary-General.
With the global economic crisis, governments are now focused on restoring national economic and employment growth and financial stability which also poses risks for freedom of investment.
At the G20 summit in London on 2 April, governments pledged to do all they can to restore confidence, growth and jobs; repair and strengthen the financial system; promote global trade and investment and reject protectionism; and build an inclusive, green and sustainable recovery for all. The OECD worked behind the scenes with G20 governments and other international organisations to help achieve this successful outcome and further our
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.
Mr. Gurría presented in Beijing the 2008 OECD Investment Policy Review of China which assesses recent developments in the Chinese investment environment and focuses on the government’s efforts to encourage responsible business conduct in China, as well as by Chinese enterprises operating abroad.
A Check-list for Public Action has been developed by the OECD and its partners to assist governments considering engaging with the private sector in the water sector. OECD Observer explains.
The OECD will release a new report – Managing Water for All: Pricing and Financing – at an event during the World Water Forum in Istanbul.
OECD Secretary-General Angel Gurría has warned of a “crisis of globalisation” if governments succumb to protectionist pressures. Speaking to the International Chamber of Commerce in Paris, he said emergency stimulus measures taken by governments during the crisis needed to be carefully conceived and monitored to preserve the long-term strength of the economy.
El papel de América Latina en la construcción de un nuevo sistema financiero y económico internacional tiene que ser relevante. La experiencia acumulada en la gestión de crisis financieras y programas de recuperación en la región es importante, según el Secretario general de la OCDE.