The New OECD Members and Liberalisation

Observer 205, April/May 1997
The Czech Republic became a member of the OECD in December 1995, Hungary in May 1996, Poland in November 1996 and Korea in December 1996.1 For all four countries, joining the OECD meant undertaking substantial liberalisation commitments, under the OECD instruments, in foreign direct investment, international capital movements and services. These commitments will foster the modernisation of their economies and the maintenance of sound macro-economic policies and market-oriented structural reforms.
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