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OECD Business and Finance Outlook 2016

image of OECD Business and Finance Outlook 2016

It is seven years since the global crisis and despite easy monetary policy, financial regulatory reform, and G20 resolutions favouring structural measures, the world economy is not making a lot of progress. Indeed, the responses to the crisis seem mainly to have stopped the banks from failing and then pushed the many faces of the crisis around between regions—currently taking the form of excess capacity in emerging markets. Productivity growth raises income per head, allows companies to pay better wages and it raises demand to help to eliminate excess capacity and improve employment. However, this element is missing in the global corporate sector. The theme of this year’s Business and Finance Outlook is fragmentation: the inconsistent structures, policies, rules, laws and industry practices that appear to be blocking business efficiency and productivity growth.

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Foreword

This is the second edition of the OECD Business and Finance Outlook, an annual publication that presents unique data and analysis that looks at what might affect and change, both favourably and unfavourably, tomorrow’s world of business, finance and investment. This year’s edition focuses on “doing business in a fragmented world”. Using analysis from a wide range of perspectives, the report addresses past over-investment in certain industrial sectors, the reversal of the commodity supercycle and the implications of low interest rates for corporate and institutional investors. It provides a new look at large observed differences in productivity performance across firms and at the profitability of clean energy projects. Different aspects of the business environment are addressed, including fiscal incentives for R&D innovation; foreign bribery regimes; and investment treaties. The publication also analyses life expectancy around retirement age across different socio-economic groups and its implications for both social justice and the sustainability of pension systems.

English

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