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Evaluation of Industrial Policy: Methodological Issues and Policy Lessons

While there has been a recent revival of interest in industrial policy around the world, systematic evidence of efficacy is relatively scarce. This report considers recent evidence from the evaluation of industrial policy. It focuses on three specific policy areas: support for R&D, capital market interventions (with a focus on risk capital), and public procurement for innovation.




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Small businesses continue to face finance constraints despite economic recovery

Financing conditions for small and medium-sized enterprises (SMEs) remain a pressing concern in many countries, according to a new OECD report.




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Global value chains offer opportunities for growth, jobs and development, but more must be done so all countries and firms can participate equally, according to a new OECD-WTO-World Bank Group report

Global Value Chains (GVCs) are a dominant feature of the world economy that impact growth, jobs and development, but numerous challenges remain to ensure that all countries and all firms have the opportunity to participate and benefit.




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Nanotechnology and tyres: Greening industry and transport

The report presents the potential of new nanomaterials and highlights the remaining challenges for their safe and sustainable introduction in the tyre industry.




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Inclusive Entrepreneurship in Europe: Policy briefs

A series of short reports aimed at policy makers examine issues and policies instruments related to inclusive entrepreneurs policy. The key message of these briefs is that there is under-exploited potential among entrepreneurs from non-mainstream groups and that there are many examples of specially tailored policies that are successful in increasing participation that can serve as models for others.




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Africa Forum 2014: By Africa, for Africa? Industrialisation and Integration for Inclusive Growth

Organised by the OECD Development Centre in partnership with the African Union, the 2014 Africa Forum will focus on the pan-African agenda of economic and social transformation.




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Korea: Promote inclusive growth through greater employer involvement in the employment and skills system, says OECD

Korea has made significant progress towards decentralising the management of employment and training programmes, but can still do more to create stronger links with employers at the local level, according to a new OECD report.




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China headed to overtake EU, US in science & technology spending, OECD says

Squeezed R&D budgets in the EU, Japan and US are reducing the weight of advanced economies in science and technology research, patent applications and scientific publications and leaving China on track to be the world’s top R&D spender by around 2019, according to a new OECD report.




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The Missing Entrepreneurs 2014: Policies for Inclusive Entrepreneurship in Europe

In addition to inspiring policy practices, the 2014 edition contains special thematic chapters on entrepreneurship by ethnic minorities, pro-entrepreneurship welfare support systems and support for entrepreneurship from unemployment.




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OECD Steel Committee says excess capacity and trade friction risks cloud industry outlook

Excess capacity in steel as growth in investment projects outpaces demand will pose risks for the sector for the foreseeable future, according to industry and government officials at the OECD’s Steel Committee meeting in Cape Town on 12 December 2014. The risk of trade conflicts in the industry also appears to have increased of late, they said, and Committee members discussed options for closer co-operation to try and prevent disputes.




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Peer Review of the Korean Shipbuilding Industry and Related Government Policies

The Korean shipbuilding industry is one of the top global players, leading by value and second only to China by volume. However, the global economic crisis has dented its finances and it now faces serious challenges to set itself back on a solid footing.




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Excess Capacity in the Global Steel Industry and the Implications of New Investment Projects

This paper examines the extent, reasons and impacts of excess capacity in the global steel industry, as well as the implications of new investment projects that continue to take place at a rapid pace in many parts of the world. By focusing on new investment projects, this study intends to help governments and industry better understand the extent to which global steelmaking excess capacity may evolve in the future.




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Holding business to account

The promotion of responsible business conduct has taken an important step forward with the launch of a new reporting framework. Businesses now have no excuse for not explaining how they’re meeting their human rights obligations.




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The OECD's approach to capital flow management measures used with a macro-prudential intent

This report responds to a request from the G20 that the IMF and OECD assess whether further work is needed on their respective approaches to measures which are both macro-prudential and capital flow measures, taking into account their individual mandates. The report was transmitted to G20 Finance Ministers and Central Bank Governors at their meeting on 16-17 April 2015 in Washington D.C.




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Business brief: The Czech Republic’s fourth Industrial Revolution

Innovation and creativity have long been hallmarks of the Czech Republic. After all, this is the country that invented the term “robot”, when Czech writer, Karel Čapek, coined the word back in 1921.




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OECD Steel Committee says structural challenges must be addressed urgently amid new era of low steel demand growth and rising exports

Chairman's statement of the OECD Steel Committee's 78th session, Paris, 11-12 May 2015.




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Asia-Pacific conference on aligning corporate sustainability with sustainable development goals

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.




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OECD Ministers launch new framework to boost sustainable investment

OECD Ministers have endorsed updated guidelines to help national governments and regional groups create the right conditions to attract domestic and foreign investment.




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OECD Ministers reinforce importance of investment for strong, green and inclusive growth

The OECD’s Annual Meeting at Ministerial Level reinforced member governments’ support across a broad range of key OECD work.




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The Use of Patent Statistics for International Comparisons and Analysis of Narrow Technological Fields

Patent data provide an increasingly used means to analyse innovation performance worldwide including in countries with incomplete data coverage, such as some developing countries. This paper discusses the specific issues associated with using patent data for measuring and analysing innovation in narrow technological fields, such as many environment-related technologies.




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Business start-up rates continue to recover but remain relatively weak in Euro area

Business start-up rates in OECD countries have generally risen since the crisis - particularly in Australia and the United Kingdom - but they remain below pre-2008 levels in many Euro area economies.




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Workshop in Ukraine on responsible business conduct

The purpose of this workshop was to share information with the Ukrainian authorities about the obligations of governments under the OECD Declaration on International Investment and Multinational Enterprises related to the OECD Guidelines for Multinational Enterprises, one of four instruments of the Declaration.




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Expanding business start-up support for disadvantaged groups can tackle unemployment and social exclusion

Encouraging entrepreneurship among disadvantaged groups can help boost jobs and tackle social exclusion, according to a new joint report by the OECD and European Commission.




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Green Growth and Sustainable Development Forum 2015 - Enabling the next industrial revolution: Systems innovation for green growth

Achieving green growth requires ambitious transition management policies in key sectors such as energy, transport, water and agriculture. Provided that the pace of innovation in a number of these key areas is growing faster than ever before, the Forum examined how to foster the "next industrial revolution" by harnessing the potential of systems innovation policies to support green growth.




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Evaluating the financial health of the steel industry

Concerns have been raised about the current health of the steel industry, amidst a context of global excess steelmaking capacity. This paper shows that, notwithstanding considerable firm-level heterogeneity, the steel industry’s financial situation is on average weaker than it has been in years, worse than during the last steel crisis of the late 1990s.




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Peer Review of the Japanese Shipbuilding Industry

Data from the Japanese government suggest there are currently over 1 000 shipyards in Japan. Some of these yards are privately owned individual enterprises, while others form part of larger private or public companies that operate multiple yards. Japan’s shipbuilders exist within a wider maritime cluster that provides crucial upstream and downstream products and services.




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Active policies needed for a competitive and sustainable tourism sector

The tourism industry in OECD countries continues to grow strongly despite economic weakness in advanced economies, and outperformed tourism globally in 2014. However, active, innovative and integrated policies are needed to ensure that tourism remains a competitive and sustainable sector, says OECD.




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Outcomes from the High-Level Symposium on Excess Capacity and Structural Adjustment in the Steel Sector

A High-Level Meeting on excess capacity and structural adjustment in the steel sector was convened on 18 April 2016, at the Palais d’Egmont in Brussels, co-organised by the OECD and the Belgian government.




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Inclusive business can help solve the sustainability equation

From the early 2000s, sustainability has emerged as a central policy-making consideration as climate change and population growth have heightened concerns about already-stretched natural resources.




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All on board to increase productivity for a more inclusive world

For Chile, it is a great honour and opportunity to chair the 2016 OECD Ministerial Council Meeting. It is an opportunity to celebrate Chile’s first five years as a member of the OECD and is yet another demonstration of the increasing relevance of emerging and developing economies, which today account for more than half of world GDP.




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Organising sporting events: Preventing corruption and promoting responsible business conduct

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.




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The economic empowerment of women for more productive and inclusive societies

This year’s OECD Ministerial Council Meeting (MCM), chaired by Chile, is devoted to productivity. Ministers will discuss what governments, firms and individuals can do to improve productivity with the aim of fostering inclusive growth.




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The productivity and equality nexus

Productivity growth has slowed since the crisis and inequality of income and opportunity has been getting worse. Could they be impacting each other?




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It’s up to us all to end child labour

A young boy named Kalu, who had been rescued from a carpet-weaving unit in Bihar, once raised a compelling and very significant question when he met then-President Bill Clinton. In conversation with the President, Kalu politely inquired about his plans and policies with regard to the world’s children and their condition.




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Towards a more productive, inclusive world

Despite nearly a decade of policy efforts, the global economy remains in the repair shop. The legacies of the crisis are still very much present: weak growth, persistently high unemployment in several countries, faltering trade and investment and a profound loss of public confidence and trust. Any prospect of a strong upturn in advanced or emerging economies has dimmed in the past year.




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The twin challenges of promoting productivity and inclusive growth

Advanced economies remain in the doldrums. People’s incomes are rising at a very low pace, especially in the lower half of the distribution. Two global trends–the slowdown in productivity and the rise in inequality–reflect the state of policy, and point to the challenges policymakers face to change prospects for their citizens and the global economy.




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New ‘nexus’ approach needed to tackle productivity and inequality challenges, says OECD report

Declining productivity growth and rising inequality are two of the biggest obstacles to improved economic performance, according to a new OECD report.




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OECD Action Plan on the Sustainable Development Goals

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.




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OECD Report to G7 Leaders on Responsible Business Conduct

This note describes work undertaken by the OECD to support the implementation of the 2015 G7 Leaders’ Declaration in the area of responsible business conduct. Four areas of action are covered: outreach on responsible business conduct (RBC) standards to other countries; development of guidance for supply chain due diligence; monitoring of multi-stakeholder initiatives; and strengthening National Contact Points.




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Tackling policy fragmentation: the key to getting onto a path of rapid and sustainable productivity growth

Further structural reforms are needed to help the business sector boost productivity growth and overcome the key challenges of sluggish investment in advanced economies and excess capacity in emerging economies, according to a new OECD report.




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Inclusive Entrepreneurship Policy

A three-year programme of co-operation between the European Commission and LEED on self-employment and entrepreneurship in Europe.




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OECD launches business survey on tax certainty to support G20 tax agenda

The OECD received a strong endorsement from both the G20 Leaders and Finance Ministers to work on solutions to support certainty in the tax system with the aim to promote investment, trade and balanced growth. As part of a wider project, the OECD launches a Business Survey to invite businesses and other stakeholders to contribute their views on tax certainty.




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Boosting competition will help Greece’s consumers and businesses

Lifting many of the regulations stifling business competition in Greece would benefit both consumers, through lower prices, and firms, via higher turnover, according to the OECD.




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Mayors can play a key role in making inclusive growth a reality

Mayors and local leaders from around the world launched today a plan of action to help tackle inequality, boost job creation and harness economic development.




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Responsible business conduct for institutional investors: Key considerations for due diligence under the OECD Guidelines for Multinational Enterprises

Promoting responsible business conduct in the financial sector is vital to building a sustainable global economy. This paper will help institutional investors implement the due diligence recommendations of the OECD Guidelines for Multinational Enterprises in order to prevent or address adverse impacts related to human and labour rights, the environment, and corruption in their investment portfolios.




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US manufacturing decline and the rise of new production innovation paradigms

Between 2000 and 2010, US manufacturing experienced a nightmare. The number of manufacturing jobs in the United States, which had been relatively stable at 17 million since 1965, declined by one third in that decade, falling by 5.8 million to below 12 million in 2010 (returning to just 12.3 million in 2016). Certainly, the 2007–08 recession accelerated the disruption, but the causes were also structural, not simply financial.




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New technology still underused by businesses

Businesses need to step up the adoption of cutting-edge technologies, materials and processes if countries are to reap their full potential in terms of productivity gains, according to a new OECD report.




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OECD Business and Finance Scoreboard

The OECD Business and Finance Scoreboard accompanies the OECD Business and Finance Outlook by providing a commented overview of selected indicators and data related to corporate performance, banking, capital markets, pensions and investments.




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Business brief: Bomare: An innovative player

Bomare Company was founded in 2001. Its current capital is DA 620 million (US$5.6 million) and its production covers two major fields: the manufacture of electronic and telephone apparatus (televisions, smartphones, tablets, satellite receivers and professional display screens) under our own brand Stream System and international brands, and subcontracting for the automobile, aeronautics and renewable energy industries.




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For business and globalisation, people hold the key

Making globalisation work, the theme for the OECD’s annual Ministerial Council Meeting 7-8 June, is more than the culmination of one of the most debated issues today. It is also a pertinent topic for the OECD in its quest to better integrate policies that deliver growth and the participation of people behind it.