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OECD Business and Finance Outlook 2017

image of OECD Business and Finance Outlook 2017

The OECD Business and Finance Outlook is 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. Using analysis from a wide range of perspectives, this year’s edition addresses some forces influencing economic developments that have contributed to recent surprises in elections and referendums. A common theme of these surprises has been voter discontent with globalisation and immigration that are perceived to be causes of unemployment and falling living standards for substantial segments of society in a number of OECD countries. This Outlook’s focus is on ways to enhance “fairness”, in the sense of strengthening global governance, to ensure a level playing field in trade, investment and corporate behaviour, through the setting and better enforcement of global standards. A brief review of important developments contributing to post-war globalisation is provided and a number of policy domains are covered. These include exchange rates and capital account management, financial regulation since the global financial crisis, the rising weight of state-owned enterprises in the world economy, competition policy to deal with international cartels, the cost of raising capital, responsible business conduct and bribery and corruption.

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Editorial

The globalisation of the world economy has advanced dramatically in recent decades, even if the recent crisis slowed its pace for a while. Trade, cross-border investment and international migration have all increased strongly during the past 30 years as emerging market economies have become increasingly integrated with more advanced OECD countries. Productivity gains have been widely diffused, the variety of goods available to consumers at favourable prices has steadily risen and hundreds of millions of people have emerged from poverty.

English

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