Governments should do more to improve the design and delivery of new laws, as even small efforts to fix regulatory shortcomings can have a tangible positive impact on economic activity and well-being, according to a new OECD report.

The 5th OECD High Level Risk Forum (HLRF) brought together policy makers from 30 governments, practitioners from the private sector and experts from think tanks and academia to share good practices with the aim to improve the governance and management of complex risks.

Reforms over the past two decades have produced a well-balanced, modern tax system. However, considerable revenues will be needed in the years ahead to expand social spending and infrastructure in order to raise growth and well-being. The challenge is to generate these revenues without penalising growth or exacerbating inequality.

Sound public policies grounded in evidence – and implemented effectively – will be crucial for the achievement of the 2030 Agenda for Sustainable Development. This document outlines four broad areas for future action for the OECD, highlighting what it could do more of – or do differently – to support the achievement of the Sustainable Development Goals. C/MIN(2016)6.

Through measurement, reviews, the identification of good practices and policy dialogue, the OECD seeks to better understand, track and help to improve access to justice.

Using fiscal levers to escape the low-growth trap

The role of fiscal policy has been at the heart of the policy debate since the financial crisis. With the global economy stuck in a low-growth trap and monetary policy overburdened, it is time to re-assess the use of fiscal policy levers.

A roundup of OECD news & events on regional issues - December 2016

This paper exploits firm-level data from the ORBIS database to assess international tax planning by multinational enterprises (MNEs).

This paper assesses the redistribution of foreign direct investments (FDI) and tax revenues among countries due to multinationals’ response to international differences in corporate tax systems.

In 1998 Indonesia embarked on an ambitious course of decentralisation. Over a period of a few years, facilitated by financial transfers from the central government, responsibility for many public services and administrative tasks were devolved to local authorities.

In relation to GDP, India's public debt and interest payments are high compared with most other emerging economies and rating agencies have put India's sovereign debt at the lowest investment grade.

On 10 July, the Multi-level governance review of Chile “Making decentralisation work: towards stronger municipalities” was launched in Santiago in the framework of a conference organised by SUBDERE.

This OECD project on Linking indigenous communities with regional development aims to develop policy recommendations for OECD and partner countries to improve economic outcomes for indigenous communities by better linking them with regional development efforts.

This publication catalogues national practices that illustrate implementation of aspects or elements of competitive neutrality and highlights examples of challenges that may be encountered.

Slovenia is facing the legacy of a boom-bust cycle that has been compounded by weak corporate governance of state-owned banks. The levels of non-performing loans and capital adequacy ratios compare poorly in international perspective and may deteriorate further, which could require significant bank recapitalisation.

Without propriety, integrity, transparency and the engagement of all stakeholders, markets cannot function well. Governments must protect fundamental rights and ensure good governance, fair regulations and transparency, while businesses must acknowledge that operating globally also implies a responsibility for their impact locally.

SOEs are an important feature of the economic landscape in the MENA region. This report examines their contribution to industrial development, diversification, poverty elimination and the provision of goods and services. It assesses ownership and governance practices and makes recommendations to policymakers, managers and boards.

Recommendation of the OECD Council on Effective Public Investment Across Levels of Government

This survey was presented at the Informal ministerial meeting on responsible business conduct held in Paris on 26 June 2014.

Investment treaties are often thought to be silent on investors’ responsibilities to host societies and on their contributions to sustainable development. This paper establishes a factual and statistical basis for understanding the relationship between investment treaty law and governments’ ability to advance the sustainable development agenda and promote responsible business conduct.

With a focus on the Asia-Pacific region, this conference addressed what the Sustainable Development Goals will mean for business and how business sustainability strategies can be aligned to support their implementation.

In a historic visit by Chinese Premier Li Keqiang to the OECD in Paris, the People’s Republic of China today decided to enhance longstanding collaboration with the OECD and to join the OECD Development Centre.

OECD Corporate Governance Working Paper No.17. This report examines the influence of institutional shareholders and their activities towards good corporate governance, the historical changes to practices within shareholder meetings and the role that institutional shareholders have played in the improvement of corporate governance within Japanese listed companies.

The private sector plays an important role in economic development. However to be beneficial to local populations, business must act responsibly. Part 2 of this blog focuses on how community engagement can help business achieve this, in harmony with the OECD Guidelines for Multinational Enterprises, and reinforce the link between responsible business and inclusive growth.

This brochure looks at the corruption, labour, human rights and environmental risks associated with the organisation of large sporting events. It describes how OECD instruments and expertise in implementation of complex projects can help host governments, event organisers and their business partners ensure that the world of sport remains associated with the traditional values of excellence and fair play.

27/05/2016 - The real economy will always seem to be disconnected from the financial economy during periods when the need for structural change is so overwhelming that it can hardly be otherwise. We have had the easiest monetary policy of any historical era outside of hyperinflations, and productivity fails to grow, economic activity is weak...

Investment can help raise standards of living through job creation, skills and technology development, and distribution of wealth. Achieving these impacts, however, depends on the quality of the investment as much as the quantity. This chapter from the 2016 Development Co-operation Report discusses how responsible business conduct can directly contribute to achieving the SDGs, while also being good for business.

30/05/2017 - Adrian Blundell-Wignall, Special Advisor to the OECD Secretary-General on Financial and Enterprise Affairs, argues that key corporate and financial issues must be addressed if globalisation is to work better for all. These issues are examined in the new 2017 OECD Business and Finance Outlook.

17 March- The Organisation for Economic Co-operation and Development has called for a more co-ordinated response to the spiraling coronavirus fallout. "We have never been in a problem this big with a type of enemy like this one," OECD Secretary-General Angel Gurria said in an interview from Paris on "Bloomberg Markets: European Open."

Tourism Revenues in Algeria increased to 207.30 USD Million in 2017 from 203.20 USD Million in 2016. Tourism Revenues in Algeria averaged 244.16 USD Million from 2008 until 2017, reaching an all time high of 324.50 USD Million in 2008 and a record low of 203.20 USD Million in 2016. This page provides - Algeria Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tax Revenue in Argentina decreased to 389660 ARS Million in April from 443637 ARS Million in March of 2020. Tax Revenue in Argentina averaged 72684.81 ARS Million from 1995 until 2020, reaching an all time high of 527300 ARS Million in January of 2020 and a record low of 2818.66 ARS Million in December of 2001. In Argentina, tax revenue is defined as the revenues collected from taxes on income and profits, social security contributions, taxes levied on goods and services, payroll taxes, taxes on the ownership and transfer of property, and other taxes. This page provides - Argentina Tax Revenue- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Qatar increased to 207915 QAR Million in 2018 from 163272 QAR Million in 2017. Government Revenues in Qatar averaged 63840.64 QAR Million from 1974 until 2018, reaching an all time high of 342973 QAR Million in 2014 and a record low of 5884 QAR Million in 1986. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Qatar Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Cuba increased to 56762.70 CUC Millions in 2018 from 54912.30 CUC Millions in 2017. Government Revenues in Cuba averaged 39253.87 CUC Millions from 2001 until 2018, reaching an all time high of 56762.70 CUC Millions in 2018 and a record low of 15033.50 CUC Millions in 2001. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Cuba Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Minimum Wages in India remained unchanged at 178 INR/Day in 2020 from 178 INR/Day in 2019. Minimum Wages in India averaged 96.52 INR/Day from 1996 until 2020, reaching an all time high of 178 INR/Day in 2019 and a record low of 35 INR/Day in 1997. This page provides - India Minimum Wages- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Iran increased to 2161900 IRR Billion in 2018 from 1459875.40 IRR Billion in 2017. Government Revenues in Iran averaged 496721.08 IRR Billion from 1999 until 2018, reaching an all time high of 2161900 IRR Billion in 2018 and a record low of 31006.10 IRR Billion in 1999. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Iran Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Laos increased to 23943.80 LAK Billion in 2018 from 22615.50 LAK Billion in 2017. Government Revenues in Laos averaged 9735.34 LAK Billion from 1996 until 2018, reaching an all time high of 23943.80 LAK Billion in 2018 and a record low of 275 LAK Billion in 1996. This page provides - Laos Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government Revenues in Bhutan increased to 54666.70 BTN Million in 2018 from 42673.10 BTN Million in 2017. Government Revenues in Bhutan averaged 26296.84 BTN Million from 2002 until 2018, reaching an all time high of 54666.70 BTN Million in 2018 and a record low of 7054.30 BTN Million in 2003. This page provides - Bhutan Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Laos increased to 785.90 USD Million in 2018 from 648.10 USD Million in 2017. Tourism Revenues in Laos averaged 283.86 USD Million from 1993 until 2018, reaching an all time high of 785.90 USD Million in 2018 and a record low of 6.30 USD Million in 1993. This page provides - Laos Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Malaysia increased to 84135.20 MYR Million in 2018 from 82165 MYR Million in 2017. Tourism Revenues in Malaysia averaged 46988.37 MYR Million from 1998 until 2018, reaching an all time high of 84135.20 MYR Million in 2018 and a record low of 8580.50 MYR Million in 1998. This page provides - Malaysia Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in China increased to 5.97 CNY Trillion in 2018 from 5.40 CNY Trillion in 2017. Tourism Revenues in China averaged 5.05 CNY Trillion from 2015 until 2018, reaching an all time high of 5.97 CNY Trillion in 2018 and a record low of 4.13 CNY Trillion in 2015. This page provides - China Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Uruguay increased to 393614.92 USD Thousand in the fourth quarter of 2019 from 294764.40 USD Thousand in the third quarter of 2019. Tourism Revenues in Uruguay averaged 304502.63 USD Thousand from 1996 until 2019, reaching an all time high of 1092908.98 USD Thousand in the first quarter of 2018 and a record low of 40721.01 USD Thousand in the third quarter of 2002. This page provides - Uruguay Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Bhutan decreased to 8.20 USD Million in December from 15.80 USD Million in November of 2019. Tourism Revenues in Bhutan averaged 5.39 USD Million from 2009 until 2019, reaching an all time high of 17.30 USD Million in November of 2018 and a record low of 0.50 USD Million in January of 2010. This page provides - Bhutan Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in the United Kingdom increased to 2310 GBP Million in December from 1940 GBP Million in November of 2019. Tourism Revenues in the United Kingdom averaged 1053.61 GBP Million from 1980 until 2019, reaching an all time high of 3144 GBP Million in August of 2019 and a record low of 126 GBP Million in February of 1981. This page provides - United Kingdom Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Mexico decreased to 2281554.18 USD Thousand in January from 2480978.55 USD Thousand in December of 2019. Tourism Revenues in Mexico averaged 791370.57 USD Thousand from 1980 until 2020, reaching an all time high of 2522955.40 USD Thousand in March of 2019 and a record low of 158919 USD Thousand in October of 1985. In Mexico, Tourism Revenues includes tourism, border area traveling and travelers in cruises. This page provides - Mexico Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Switzerland decreased to 3709.11 CHF Million in the fourth quarter of 2019 from 5020.43 CHF Million in the third quarter of 2019. Tourism Revenues in Switzerland averaged 2953.53 CHF Million from 1983 until 2019, reaching an all time high of 5020.43 CHF Million in the third quarter of 2019 and a record low of 999.10 CHF Million in the fourth quarter of 1983. This page provides - Switzerland Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in the United States decreased to 19723 USD Million in February from 21238 USD Million in January of 2020. Tourism Revenues in the United States averaged 14382.58 USD Million from 1999 until 2020, reaching an all time high of 21793 USD Million in March of 2018 and a record low of 6496 USD Million in October of 2001. Travel and Tourism is the sum of all travel-related exports which include passenger fare receipts and payments, travel spending and medical, education workers spending. The US travel and tourism industry contributed nearly USD1.6 trillion to US economy in 2015 or 2.6 percent of its GDP. Travel and tourism exports accounted for 11 percent of all US exports and 33 percent of all US services exports, positioning travel and tourism as the nation's largest services export. This page provides - United States Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Spain decreased to 3653 EUR Million in January from 3897 EUR Million in December of 2019. Tourism Revenues in Spain averaged 3497.07 EUR Million from 1993 until 2020, reaching an all time high of 9407 EUR Million in August of 2019 and a record low of 833 EUR Million in January of 1993. The tourism sector accounts for around 15 percent of the Spanish GDP. This page provides - Spain Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourism Revenues in Portugal decreased to 954.39 EUR Million in February from 991.45 EUR Million in January of 2020. Tourism Revenues in Portugal averaged 701.39 EUR Million from 1996 until 2020, reaching an all time high of 3020.03 EUR Million in August of 2019 and a record low of 199.98 EUR Million in February of 1996. In Portugal, tourism and all travel-related revenues account for about 10 percent of the country's gross domestic product. The tourism sector is also a key source of employment and big component of exports of services. This page provides - Portugal Tourism Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.