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.
State-owned enterprises in the energy sector are major producers of greenhouse gases. But new research shows that they are also driving the growth of renewables, particularly in the electricity sector. Dirk Röttgers and Bill Below look at why SOEs must play a more substantial role in steering decarbonisation efforts towards the 2 degree goal.
For most of the past half century, countries around the world have gradually opened up to foreign investment, and with good effect. However, since the 2000s, a new and opposing trend has emerged: the screening and review of foreign investment projects, particularly those by state-owned enterprises (SOEs), to mitigate risks to national security.
Today the debate rages about whether the decline in living standards is due to the effects of globalisation or to poor domestic policies. This article argues that key corporate and financial issues must be addressed if globalisation is to work better for all.