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“The introduction of corporate liability into the Slovak Republic’s legislation is a very welcome development,” Mr. Gurría commented. “It sends a strong message of commitment to the fight against corruption and helps create a level playing field for firms competing internationally.”
The economic and financial crisis is accelerating a longer-term structural transformation in the global economy, with the aggregate economic weight of developing and emerging economies on the verge of surpassing that of the countries that currently make up the advanced world, according to new analysis from the OECD Development Centre.
As a result of details provided to the Global Forum on Transparency and Exchange of Information for Tax Purposes, Brazil and Indonesia are now ranked in the category of jurisdictions that have substantially implemented the internationally agreed tax standard.
The Third Annual Meeting of the OECD Roundtable of Mayors and Ministers on “Cities and Green Growth” concluded that national and city leaders must work together to increase cities’ ability to promote green growth.
OECD countries welcomed four new members – Chile, Estonia, Israel and Slovenia – at their annual Council meeting at ministerial level.
The data and a range of other indicators of the crisis and its aftermath can be found in the OECD’s Factbook 2010, an annual digest of economic, social and environmental statistics.
In this speech during the launch of the OECD innovation strategy, Angel Gurria noted that more than ever, we need to reboot our economies with a more intelligent type of growth, driven by new start-ups, by the most innovative small SMEs and banks, and more.
In this speech delivered at the Council meeting at ministerial level, Angel Gurría highlights some of the OECD's achievements in 2009 and describes how it will help its member countries respond to new challenges ahead.
“Knowledge is the main driver of today’s global economy,” said OECD Secretary-General Angel Gurría at the launch of the OECD Innovation Strategy in Paris. “Countries need to harness innovation and entrepreneurship to boost growth and employment. This is the key to a sustainable rise in living standards.”
Are the policies that governments have put in place to stabilise the global economy and restore growth sowing the seeds for a new economic crisis? While more welfare spending and easier credit can temporarily help to shore up economic activity, they could in the medium term make the problems that caused the current crisis worse, argues William White, chair of the OECD’s Economic Development and Review Committee.