Policies that are not aligned with efforts to fight global warming risk hindering the transition to a low-carbon economy, and can worsen climate change. They should be addressed.
"Regional authorities in Africa are now getting involved in the fight against climate change by making concrete commitments."
Interview with Jeannot Ahoussou-Kouadio, President of the Assembly of Regions and Districts of Côte d’Ivoire (ARDCI)
As the dust settles after the UK general election, let’s remember that voting at the ballot box is not an innate right enjoyed by everyone. Indeed, although the number of democracies across the world has spiked from 48 in 1989 up to 95 today, billions of people are still living in non-democratic, authoritarian regimes.
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.
There is hardly a government around the world that has not yet felt the impact of social media on how it communicates and engages with citizens.
On receiving my copy of Lobbyists, Governments and Public Trust, Volume 3, I rushed straight to Chapter 15, History of Slovenian lobbying regulations at a glance (and who wouldn’t?).
In September the OECD presented its first package of recommendations to the G20 for an international approach to stopping artificial tax base erosion and profit shifting. Seven recommendations were proposed as part of the 15-point BEPS Action Plan.
What are the main threats to the world’s stability in the 10 coming years? Geopolitical risks as well as a water crisis have become a bigger threat than an economic breakdown, according to the World Economic Forum.
“It is unacceptable to allow corruption to undermine the functioning of public authority.” So said Christiane Taubira, French minister for justice, in launching the first OECD Foreign Bribery Report at the organisation’s headquarters in Paris on 2 December. “To fight against international bribery, it is important that we have international standards. The OECD work on producing this comparable data is essential”, she said.
Australia has established itself as a G20 force in Asia-Pacific, and is now embarking on a new wave of engagement in the Asian Century.
The terrorist murders of 17 people in Paris on 7, 8 and 9 January were not only a human tragedy. They were a direct attack on the values of living together in the free, law-abiding, pluralistic societies we hold dear.
The world is still not moving fast enough to fight climate change. Fossils fuels remain the dominant energy source with billions of dollars still being spent on subsidising their use.
As G20 leaders look distraught at a global economy that is faced with weak growth, high unemployment and rising income inequality, they should repeat to themselves that this is not inevitable. The International Monetary Fund (IMF), while putting out another downward revision of growth forecasts, admitted that recovery is too slow and fragile, while recognising the problem of income inequality. The OECD, in its reports on New Approaches and Economic Challenges (NAEC) and its 2014 OECD Employment Outlook, acknowledges that rising inequality affects economic growth and social cohesion, sapping trust in markets and institutions.
Fostering well-being at the local level is a way to build stronger and more sustainable communities. The OECD Regional Well-Being framework provides a tool to help governments at all levels design and refine the policies that will help achieve this goal.
Overhauling the global tax system and its practices is fundamental if we are to deliver stronger, cleaner and fairer growth for a post-Crisis world. The Secretary-General explains how the OECD, with the support of the G20, is finding ways to fix the current international tax situation.
Former Ambassador Seiichiro Noboru urges the OECD to expand by including the BRIICS* ("Serving a new world" in OECD Observer No 298, Q1 2014). Only when these countries adopt OECD best practices can governments and firms enjoy a true level playing field. As the organisation helps aspiring members to adhere with OECD instruments, important reforms can be pushed forward.
Rudolf van der Berg of the OECD writes about Internet governance.
There’s a very obvious remedy for governments that wish to restore the public’s trust: become transparent, honest and inclusive. This, however, is intrinsically difficult. Any government that managed it would not be a government as we know it, but something else entirely.
Unique budgetary and demographic pressures, as well as the need to manage risk, will push Japan’s civil service to raise its game and adapt new ways in the years ahead.
Although South Africa has had an impressive track record among emerging economies, it has recently hit economic difficulties. We asked FEDUSA General Secretary, Dennis George, what have been the effects, and what steps the G20 and South African government must take to return to the path of healthy growth.
International investment treaties are in the spotlight as recent articles in the Financial Times and The Economist show. An ad hoc investment arbitration tribunal recently awarded $50 billion (€40 billion) to shareholders in Yukos. EU consultations on proposed investment provisions in the Transatlantic Trade and Investment Partnership (TTIP) with the United States generated a record 150,000 comments. There is intense public interest in treaty challenges to the regulation of tobacco marketing, nuclear power and health care.
Corporate social responsibility (CSR) is no longer just a marketing buzzword but has become a mainstream part of business operations in companies the world over. From so-called triple bottom line accounting through legal frameworks to stock market indices that reward responsible business conduct on social and environmental fronts, company values increasingly reflect CSR values too. But what of their global supply chains, do they hold the same high values? How can multinational companies in particular be sure that the myriad firms they source from in poorer countries do not cut corners with people’s lives or the environment? The death toll from the collapse of the brand-driven Rana Plaza garment factory in Bangladesh in 2013 was another tragic reminder that for CSR to have real value, much more needs to be done.
In this OECD Observer roundtable, we asked a range of stakeholders, from government, business, labour and civil society, for their views:
“What actions are you taking to encourage responsible business conduct and what new steps do you think are needed to strengthen corporate social responsibility worldwide?”
The recovery from the Great Recession has been slow and arduous, and has at times threatened to derail altogether.
Non-nationals are starting to make an impact in top Japanese firms. But will other firms take notice? Changes in education would help.
Whether you blame poor regulation, sloppy governance, greed or bad luck, banks were frontline culprits in causing the crisis. Governments have been working on reforms to fix the financial sector and improve governance, but a lot more work remains to be done. Some OECD principles can help.
Major events, like the Great East Japan earthquake or indeed the euro crisis, can have important ripple effects that spread well beyond the areas immediately concerned. More recently, the budget crisis that resulted in the shutdown of large parts of the US government and public services has raised the spectre of a default, the first in the country’s history.
|"Each year about one-third of all the food produced globally ends up wasted even as hundreds of millions of people go hungry."|
On 24 April 2013 the Rana Plaza, a commercial building and garment factory in Dhaka, Bangladesh, collapsed, claiming some 1,130 lives and injuring thousands more. The shock was felt globally. How could this happen? Who was to blame? If the building was not fit for purpose, why was it being used? How could such a disaster be prevented from happening again?
The collapse of Rana Plaza in Dhaka, killing over a thousand workers, was not just a human tragedy. The ready-made garments sector is hugely important in Bangladesh, both economically and socially. This gives dealing with the Rana Plaza aftermath even greater importance.
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