It is now widely accepted that strong competition contributes to a country’s competitiveness and economic growth. Well-documented benefits of competition include lower prices, higher productivity, more innovation and job creation, and in some cases, more responsible business conduct.
First, we need to build the evidence base to understand the complexity of child labour and forced labour and tackle the problem at all levels and all stages of the supply chains.
G20 Finance Ministers and Central Bank Governors Meeting
Corruption remains one of the most pressing challenges of our time. It leads to mistrust in governments, public institutions, corporations, the financial system, politicians, political parties, democracies, in short the very institutions that were created to protect citizens.
Corruption remains one of the most pressing challenges of our time. It promotes mistrust in governments, public institutions, banks, corporations, politicians, political parties, democracies, you name it. It corrodes our social fabric. To provide a stark example, a 2017 survey, highlights that only 15% of citizens felt the system was working for them, and 69% expressed concerns about ‘corruption’.
There is no single factor that can explain the rise of protectionism in the US, Brexit, Catalan separatism and the strength of populist parties in the Netherlands, France, Italy, Germany, Austria and other countries.
Welcome to the 5th edition of the OECD Global Anti-Corruption and Integrity Forum. Let me begin by thanking the Prime Minister of Slovakia, Mr. Robert Fico, and the Vice President of Nigeria, Professor Yemi Osinbajo, for joining us for this opening.
With this crusade against corruption, with these new laws, with this new culture of integrity that we are striving to build, we can lay the basis for what will be the most important transformation in Mexico's recent history. But the hard work is just beginning. We need now to translate the letter of the law into a wide-ranging change of institutional conduct and culture.
The OECD welcomes the laws of the National Anti-corruption System that were approved by the Parliament on June 16, 2016 and enacted on July 18, 2016, clearing the way for one of the key pillars of Mexico’s structural reform agenda. The promulgation of these laws substantially transforms the anti-corruption architecture of Mexico by putting in place measures that the OECD considers effective.
It gives me great pleasure to welcome His Excellency Thabo Mbeki back to the OECD, along with colleagues from the High-Level Panel on Illicit Financial Flows from Africa. As you know, this is Integrity Week at the OECD and we are still amidst the aftershock of the Unaoil scandal and the Panama Papers. Your visit, Mr. President, could not be more timely.