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Financial services firms must make sure their customers understand what they are letting themselves in for when they sign up for mortgages, consumer loans and other products, under new OECD guidelines designed to avoid a repeat of the sub-prime mortgage crisis.
The OECD’s latest economic survey of Russia, to be published on Wednesday 15 July 2009, looks at the reforms needed to establish more robust and sustainable growth in the wake of the current crisis.
One of the agenda items at the G8 Summit in L’Aquila this week is expected to be a discussion of a proposed new “Global Standard” for international business dealings.
All countries need to trade, with their neighbours and globally, to sustain long-term economic growth. Some low-income countries lack the instutitions, infrastructure to benefit from open markets and lift their people out of poverty.
The number of doctors per capita increased 2% per year on average across OECD countries between 1990 and 2007, but in some countries the trend is reversing.
The economic crisis is likely to cause the first major fall in the number of migrants coming to work in OECD countries since the 1980s, according to a new OECD report.
The 38-country OECD Working Group on Bribery welcomed recent progress by Turkey in its efforts to comply with the OECD Anti-Bribery Convention.
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.
Korean Prime Minister Han Seung-soo urged governments around the world to work together for a new “green growth” paradigm based on low-carbon economic development in his keynote speech at the OECD Forum on 23 June 2009.
Unemployment in OECD countries will continue to rise well into 2010, with the average unemployment rate approaching 10%, up from 7.8% in April, according to new OECD projections.