An estimated 22% of the world’s largest firms are now effectively under state control, this is the highest percentage in decades. These firms are likely to remain a prominent feature of the global marketplace in the near future. The upsurge of state-owned enterprises (SOEs) as global competitors has given rise to concerns related to a level playing field. Some business competitors and observers claim that preferential treatment granted by governments to SOEs in return for public policy obligations carried out at home can give SOEs a competitive edge in their foreign expansion. The OECD has taken a multidisciplinary approach, looking at the issue from the competition, investment, corporate governance and trade policy perspectives. The report aims to sort fact from fiction, and develop a stronger understanding, based on empirical evidence, on how to address growing policy concerns with regard to SOE internationalisation. The report concludes that although there is no clear evidence of systematic abusive behaviour by SOE investors, frictions need to be addressed, in view of keeping the global economy open to trade and investment.
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The 2030 Agenda for Sustainable Development with the Sustainable Development Goals at its core calls to “(…) increase aid-for-trade support for developing countries, in particular least developed countries.” In response, the OECD Action Plan on the Sustainable Development Goals: Better Policies for 2030 also argues for further promoting aid for trade and ensuring that it supports the achievement of the Sustainable Development Goals.
G20 merchandise trade growth remains sluggish in Q3 2016
G20 Leaders are firmly committed to open trade and investment and to resisting protectionism in all its forms. They have mandated WTO, OECD and UNCTAD – the leading international organisations in the area of international trade and investment policies – to monitor policy developments and report publicly on these commitments.
The OECD has developed a new Database on International Transport and Insurance Costs (ITIC) which shows that distance, natural barriers and infrastructure continue to play an important role in shaping regional (and global) value chains.
“I congratulate Prime Minister of Canada Justin Trudeau, President of the European Council Donald Tusk, and President of the European Commission Jean-Claude Juncker on the signature of the Canada-EU Comprehensive Economic Trade Agreement (CETA). The deal comes at a crucial time when slowing trade growth and low investment are contributing to the weakness of the global economy.
The 2017 edition of the Latin American Economic Outlook explores youth, skills and entrepreneurship. Young Latin Americans embody the region’s promise and perils. They stand at the crossroads of a region whose once promising economy and social progress are now undergoing a slowdown. The Outlook identifies potential strategies and policy responses to help Latin America and the Caribbean revive economic growth. While development can stem from different sources, skills and entrepreneurship can empower youth to develop knowledge-intensive economic activities, boost productivity and transform the region’s politics as they transition successfully from the world of school to the world of productive work and create that future they seek. The report highlights valuable experiences and best practices in these fields and proposes strategies to allow Latin America to consolidate long-term growth while assuring continuity in the social agenda.
This report focuses on the significant developments in world agricultural markets and in the policies of major agricultural producing regions since the latest round of WTO negotiations began in 2001. In the past decade, production, prices and trade flows have been transformed and countries have substantially altered their agricultural trade and domestic support policies. The impacts of these policies on global production, trade and welfare (proxied by private household consumption) are assessed along with the effects of possible multilateral trade reform scenarios. The assessments are made through an application of the OECD’s computable general equilibrium model, METRO, in conjunction with the AGLINK-COSIMO outlook model.
This publication presents an original collection of indicators for measuring the state of entrepreneurship and its determinants, produced by the OECD-Eurostat Entrepreneurship Indicators Programme. The 2016 edition introduces data from a new online small and medium-sized enterprises (SME) survey prepared by Facebook in co-operation with the OECD and the World Bank. It also features a special chapter on SME productivity, and indicators to monitor gender gaps in entrepreneurship.
The post-crisis recovery in entrepreneurial activity remains mixed across countries, but new data released today by the OECD provides tentative signs of a turning point, with trends in enterprise creation rates pointing upwards in most economies.