The Covid-19 pandemic has caused a global humanitarian, social and economic crisis. Poverty will rise for the first time since 1998, with hundreds of millions of jobs lost and livelihoods affected. Many of the jobs affected by the pandemic depend on investments and operations of multinational enterprises (MNEs) and their buyers and suppliers in global value chains. But foreign direct investment (FDI) is estimated to fall by at least 30% in 2020 – meaning that fewer jobs than expected have been and will be created.
OECD’s France Chain and Daisy Pelham look at the critical role corporate compliance plays in the fight against bribery and corruption in the run-up to the launch of a new OECD Study on Corporate Anti-Corruption Compliance Drivers, Mechanisms, and Ideas for Change.
Blog by Anna Pietikainen, Senior Policy Analyst, Regulatory Policy Division, Public Governance Directorate, OECD Our consumption of essential services was profoundly transformed by the novel coronavirus pandemic. Internet and data traffic surged as many of us moved to work and learn online. Energy consumption slumped as offices closed and entire industries ground to a halt. … Continue reading Regulation of essential services during the COVID-19 pandemic: lessons for the future
The unfolding health and economic consequences of the COVID-19 crisis have once again thrown the spotlight on the structural inequalities that women in our society face. As governments and societies reflect on how to recover from the crisis and build back better, OECD's Chris Pike looks at the contribution gender inclusive competition policy could make.
Central bank digital currencies (CBDCs) are already set to become part of national financial systems. In part one of a two-part series, Bitt.com’s Simon Chantry describes how the design and configuration of these networks is trending and how this is likely to affect us in the future interconnected world.
China is already using blockchain and other Distributed Ledger Technologies (DLT) to empower various industries and to pioneer the development of a national digital currency. Ran Zhao looks at the blockchain ecosystem in China today and the role policy makers can play to further enable its development.
In this post Shivani Kannabhiran and Rena Hinoshita from the OECD Centre for Responsible Business Conduct look at the EU’s new Farm to Fork strategy and at how the OECD-FAO Guidance for Responsible Agricultural Supply Chains can help companies build resilient and sustainable supply chains.
This post by Khadija Sharife underlines the importance of whistleblowers in the fight against corruption in Africa and elsewhere, highlighting the price paid by many of them and options for ensuring they are better protected.
On the occasion of the 20th anniversary of the OECD National Contact Points for Responsible Business Contact (RBC) , Prof. Christine Kaufmann, Chair of the OECD Working Party on RBC, reflects on their achievements to date and their role into the future.
OECD's Rashad Abelson clarifies due diligence expectations in responsible mineral supply chains and explains why understanding “red flags” is crucial for effective supply chain due diligence