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  • 8-February-2021

    English

    Divestments by MNEs: What do we know about why they happen?” by Maria Borga and Monika Sztajerowska

    Divestments are a frequent yet understudied corporate phenomenon. The authors outline key findings on the drivers of divestment by multinational enterprises using a large firm-level dataset and call for further research and a more explicit focus on divestments in data collection and policymaking in this article from Columbia FDI Perspectives.

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  • 26-January-2021

    English, PDF, 1,638kb

    OECD Investment Policy Review of Thailand - Highlights

    This booklet reproduces highlights from the OECD Investment Policy Review of Thailand which outlines potential reform priorities to help Thailand fulfil its development ambitions aligned with the Sustainable Development Goals and to contribute to a more inclusive and sustainable recovery from the COVID-19 pandemic.

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  • 26-January-2021

    English

    OECD Investment Policy Reviews: Thailand

    Thailand has had a remarkable economic development trajectory over the past 60 years and foreign direct investment (FDI) has been pivotal in this success. Thailand was one of the first movers in opening up to manufacturing FDI and in establishing proactive investment promotion and facilitation policies. While challenges remain in some areas of responsible business conduct, there is strong political will to address them. Thailand aspires to become a high income economy by 2037 by upgrading to a value based green economy. Inward FDI will play a prominent role in achieving this goal but this requires a concerted effort to reform the investment climate to remain an attractive host to foreign investment and to benefit to the full extent from that investment. While the COVID-19 crisis might temporarily delay progress, the policy recommendations in this review draw attention to potential reform priorities to help Thailand fulfil its development ambitions aligned with the Sustainable Development Goals and to contribute to a more inclusive and sustainable recovery from the pandemic.
  • 20-January-2021

    English

    Assessing the effectiveness of currency-differentiated tools - The case of reserve requirements

    This paper provides the first comprehensive analysis of benefits and side-effects of foreign-currency differentiated reserve requirements for a sample of 58 countries from 1999 to 2015. Departing from the existing literature on effectiveness which used binary variables to measure policy changes, the intensity of reserve requirement adjustments is captured by using the gap between foreign and local currency rates to isolate the impact of differentiation net of volume effects. The findings show that increasing the gap between FX and local currency-denominated reserve requirements is generally effective in reducing currency mismatch and dollarisation in banks’ balance sheets, notably through a reduction in the share of banks’ FX liabilities to total liabilities and in banks’ net FX positions. The findings also show that a higher gap is associated with a broader reduction in capital inflows, in particular portfolio debt inflows and flows to non-banks. Little evidence of domestic or international circumvention, with risks shifting to other sectors or countries is visible.
  • 19-January-2021

    English

    FDI Qualities Assessment of Ireland

    This report, jointly developed by the OECD and IDA Ireland, examines the impact of foreign direct investment (FDI) attracted to Ireland from 2006 to 2016 and provides an overview of the direct contribution and spillover effects of this investment on the local economy. The analysis pre-dates the COVID-19 pandemic and does not take account of the impact of this phenomenon on foreign investment in Ireland.

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  • 16-December-2020

    English

    OECD Investment Policy Reviews: Indonesia 2020

    Building on the achievements since the first OECD Investment Policy Review of Indonesia a decade ago, this 2nd Review presents an assessment of the investment climate in Indonesia to support the government in its ongoing reform efforts. It identifies challenges and opportunities in selected policy areas and provides recommendations to increase competitiveness, support growth and ensure investment contributions are shared widely and environmentally sustainable. The review places great emphasis on measures to build a sound, transparent and responsible investment environment to support a resilient economic recovery from the COVID-19 pandemic.
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  • 15-December-2020

    English

    OECD Investment Policy Reviews: Georgia

    Georgia’s reform trajectory has been nothing short of remarkable. In less than two decades, successive structural, regulatory and economic reforms have propelled Georgia from one of the poorest post-Soviet states to an upper-middle income economy. Georgia ranks among the best performers in the world according to international indices on doing business and openness to foreign investment – achievements many countries look to for inspiration. Yet in recent years, the Georgian government has reflected on why these reforms have not facilitated more broad-based economic growth. FDI attraction has been strong relative to the size of the Georgian economy, but the positive benefits of investment have not been fully realised. Mobilising investment in sectors that can enhance job creation, exports and productivity will be key for Georgia’s recovery from the COVID-19 pandemic. This Investment Policy Review takes stock of recent achievements in improving the investment climate and assesses areas for the government to consider in strengthening its reform efforts to attract FDI that can have a positive impact on inclusive, sustainable growth.
  • 24-November-2020

    English

    OECD Investment Policy Reviews: Myanmar 2020

    Only six years sets this second OECD Investment Policy Reviews: Myanmar apart from the first review published in 2014, but much progress has occurred in investment policies and related areas in Myanmar in the interim. Nonetheless, the reform momentum needs to be sustained and deepened for the benefits of recent investment climate reforms to be shared widely and for growth to be environmentally sustainable, ultimately contributing toward the Sustainable Development Goals (SDGs). This second review takes stock of recent achievements and assesses remaining challenges in selected policy areas for nurturing an enabling responsible business environment and ensuring benefits are shared with society at large. It places strong emphasis on impact and on how foreign investment can help Myanmar achieve the SDGs and improve the lives of the people of Myanmar.
  • 3-September-2020

    English

    Capital flow deflection under the magnifying glass

    This paper examines how individual countries’ policy choices affect other economies and can become a source of international shocks. Leveraging on a new quarterly dataset of capital control adjustments, we find renewed evidence that the introduction of capital controls in one economy increases capital inflows to other similar borrowing economies.

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  • 12-August-2020

    English

    Investment Responses to COVID-19

    The COVID-19 crisis is affecting the international policy community. This page groups responses that can help guide the actions of governments and other actors in today's challenging times.

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