Since the start of the economic reform process in the 70s China has been able to generate a large volume of investment, both from domestic and foreign sources. This high volume of investment was instrumental in sustaining strong economic growth and related improvements in living standards. However, this growth model is not longer sustainable. Returns on investment have fallen, excessive capacity is plaguing several sectors and the negative externalities have been very onerous, notably in terms of environmental degradation and rising income inequality. A key objective of the Chinese government is therefore to move the economy towards a more balanced, sustainable and inclusive growth path as envisaged by the 13th Five-Year Plan. In this adjustment process, the country is seeking new approaches for smarter, greener and more productive investment. This will require mutually reinforcing reforms to improve investment planning, rebalance the role of government and market forces, mainstream responsible business conduct and encourage greater private investment, especially in green infrastructure. China’s growing role as an outward investor may act as catalyser for the required reforms at home, as Chinese private and state-owned enterprises have to adopt internationally recognised practices and standards .
Paris, 14 March 2016: Organised by the OECD-hosted Freedom of Investment Round-table, this conference will explore how governments are balancing investor protection and how to improve balance through new institutions.
These country reports present an overview of investment trends and policies in the countries reviewed. This can include investment policy, investment promotion and facilitation, infrastructure, competition policy, trade policy, tax policy, corporate governance, responsible business conduct, public governance, and human resources.
11 March, Paris, France: This high-level launch event included a panel discussion that addressed the potential impacts of companies operating in agricultural supply chains on human, labour and tenure rights.
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The OECD Working Group on Bribery is leading global efforts to fight bribery of foreign public officials in international trade and investment. The fight against foreign bribery is a core shared value that unites all 41 Parties to the Anti-Bribery Convention. This brochure provides a snapshot of 17 years of implementation and enforcement.
The OECD is developing a Due Diligence Guidance for Responsible Supply Chains in the Garment and Footwear Sector. The OECD is hosting a month-long public consultation on the draft Guidance. The feedback received during the consultation will inform the final Guidance.
This series helps countries to identify and overcome binding constraints to achieving higher levels of well-being and more equitable and sustainable growth. The Development Pathways are based on Multi-dimensional Country Reviews, which take into account policy interactions and the country-specific policy environment through three phases. The first phase comprises an initial assessment of the constraints to development. The second phase involves an in-depth analysis of the main issues resulting in detailed policy recommendations. The third phase is designed to move from paper to action and to support government efforts in developing strategies and implementing policy recommendations.
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This OECD report lays an empirical foundation for structuring economic policies to facilitate Chile’s participation in global value chains and to maximise the associated benefits for national firms and workers.
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Terrorists use corruption to both finance and perpetrate terrorism. This brochure looks at the links between corruption and terrorism and outlines how the OECD can help the international community respond to this threat. It proposes a basis for reflection and discussion among countries determined to stamp out terrorism.
Public investment, and particularly infrastructure investment, is important for sustainable economic growth and development as well as public service provision. However, it is also vulnerable to capture and corruption. This publication examines the direct and indirect benefits of public investment if carried out in a clean and efficient manner. It provides a Framework for Integrity in Public Investment, mapping out risks of corruption at each phase of the investment cycle. It also identifies tools and mechanisms to promote integrity in the public investment cycle and provides examples of their successful implementation in both the public and private sectors.