The November issue of the OECD's Investment News is currently available. Here is what you can expect:
- Grim outlook for FDI and shifting global investment patterns pg 1-3
As the financial crisis has evolved into a global economic crisis, the outlook for FDI has likewise darkened. On current trend, inflows will be down 13% and outflows by 6% by the end of the year. These declines would be much less severe than those experienced in 2001, when FDI inflows and outflows dropped by 49% and 43%, respectively. However, it seems likely that FDI flows will fall sharply in the second half of 2008 and continue to decline into 2009, especially considering the speed with which the global economic crisis deepened during Q3 and into Q4 of 2008.
- OECD guidance on sovereign wealth funds presented at World Bank/IMF meetings pg 4
The OECD Investment Committee‟s project on "Freedom of Investment, National Security and „Strategic Industries‟" (FOI) has, since early 2006, provided a forum for intergovernmental dialogue on how governments can reconcile the need to preserve and expand an open international investment environment with their duty to safeguard the essential security interests of their people. With the current crisis, it is all the more important to keep capital inflows moving freely. The Investment Committee is treating the issue of recipient country policies toward Sovereign Wealth Funds (SWFs) and other government-controlled investment entities as an integral part of the FOI project.
- China intensifies efforts to promote responsible business conduct in co-operation with OECD pg 4-5
The Chinese government has been intensifying its efforts to promote Responsible Business Conduct (RBC) in co-operation with the OECD. Most recently this involved a Multi-stakeholder Symposium on Government Approaches to Encouraging Responsible Business Conduct jointly organised by the Chinese government and the OECD Investment Committee in Paris on 26-27 June 2008.
- ILO and OECD join forces to promote responsible business conduct pg 6
Every year around June, the National Contact Points (NCPs) of the OECD Guidelines for Multinational Enterprises meet to review their experiences in implementing and promoting the Guidelines. This year, at the invitation of OECD Ministers and the G8, the annual NCP meeting was held back-to-back with a high-level conference on "Employment and Industrial Relations: Promoting Responsible Business Conduct in a Globalising Economy" jointly organised by the OECD and the International Labour Organisation (ILO).
- Selected investment publications pg 7
- Investment Policy Perspectives
- 2008 Annual Report on the OECD Guidelines for Multinational Enterprises: Employment and Industrial Relations
- 2008 Investment Policy Review of China Encouraging responsible business conduct
- OECD Investment Policy Review of Peru
- OECD Benchmark Definition of Foreign Direct Investment
Calendar of events and news in brief pg 8
- 10-11 DECEMBER 2008, KAMPALA, UGANDA NEPAD-OECD Annual High-level meeting on advancing investment policy reform in Africa
- 17 DECEMBER 2008, PARIS, FRANCE Ninth OECD Roundtable on Freedom of Investment, National Security and „Strategic‟ Industries
- 26-27 FEBRUARY 2009, BANGKOK, THAILAND 2nd OECD-South East Asia Regional Forum: Enhancing Competitiveness through Regional Integration
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