Category: Globalisation

Why are global FDI flows falling and what can governments do?

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Global flows of foreign direct investment (FDI) have been declining for several years, well before the pandemic hit in early 2020. While these flows can be cyclical, as with any other type of investment, they have been falling both in absolute amounts and relative to overall GDP for several years, causing many to wonder whether there has been a structural change in the global economy. OECD’s Stephen Thomsen takes a look at this worrying trend and at what governments can do about it.

The Appropriate Financial Policy Toolkit in an Integrated World

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Since the Global Financial Crisis, challenges related to capital flow management and financial stability have evolved, leading policymakers to broaden the policy toolkit available to deal with those challenges. In this context, the time was ripe for a review of the OECD Code of Liberalisation of Capital Movements, the only multilateral agreement covering the full capital account. The updated Code was adopted by OECD Ministers in May 2019 and launched at the G20 Finance meeting in Fukuoka. It is not only more flexible, to better deal with current financial stability requirements, but it also makes an important contribution to the global debate on the international financial architecture.

Do competition authorities need to transform themselves in a digitally transformed world?

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The digital revolution affecting economies and societies cuts across multiple areas of government policy. In this Competition Lore podcast, Caron Beaton-Wells engages the OECD's Antonio Gomes in a wide ranging conversation about the challenges and opportunities competition authorities are facing as they grapple with the digital transformation of markets.