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.
Category: Globalisation
Taking up the due diligence challenge in garment and footwear supply chains
Responsible supply chain management in the garment and footwear sector is a tough challenge for global companies. OECD's Juliet Lawal looks at how OECD guidance and implementation processes can help.
The business of promoting investment
Governments count on their Investment Promotion Agencies (IPAs) to attract international investment but relatively little is known about how they go about this. Alexandre de Crombrugghe shares some of the insights gained during a stocktaking of IPAs in OECD countries.
How to make infrastructure investment work for all
With citizens, communities and politicians increasingly questioning the benefits of globalisation and the multilateral trading system, the OECD's Greg Medcraft looks at what we can do to ensure foreign infrastructure investment is high quality, sustainable and works for all, with particular reference to China’s Belt and Road Initiative.
Do competition authorities need to transform themselves in a digitally transformed world?
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.
Staying ahead of the curve on corporate responsibility: Indigenous peoples’ rights, taxation and disclosure
In the fourth post of his Legacy Blog Series, Roel Nieuwenkamp encourages the responsible business conduct community to start planning for the next update of the OECD Guidelines for Multinational Enterprises.
Responsible business @OECD: Plain language please!
In the second post of his Legacy Blog Series, Roel Nieuwenkamp makes a plea for the use of plain language to help advance the responsible business conduct agenda.
Making globalisation work for all and corporate responsibility
In the first post of his Legacy Blog Series, Roel Nieuwenkamp takes a look at responsible business conduct in the broader context of trade and investment policies in the globalisation debate.
The digital revolution is spreading to the non-digital economy
As the digital technologies transforming the global business landscape reach deeper into the non-digital economy, the OECD’s Michael Gestrin and Julia Staudt look at potential implications for multinational enterprises and international investment.
Impatient governments push corporate supply chain due diligence
How well are companies implementing supply chain due diligence? Roel Nieuwenkamp takes a look at the evidence and some innovative government efforts to push supply chain due diligence.