Why is economic transparency important?

Increased transparency can improve an efficient allocation of resources, make governments more accountable, undermine the power of special interests, and thus lead to improved policies and institutions (Glennerster and Shin, 2008, p.

Who does OECD Guidelines apply to?

The OECD Guidelines have application to all sectors of business and cover companies operating in or from OECD member states worldwide and addresses their supply chain responsibilities. To read the OECD Guidelines and related documents, see http://www.oecd.org/document/28/0,2340,en_2649_ 201185_2397532_1_1_1_1,00.

What does transparency mean in economics?

Transparency is the extent to which investors have ready access to required financial information about a company, such as price levels, market depth, and audited financial reports. Investors also require transparency with investment firms and funds surrounding the various fees that’ll be charged to them.

How can transparency help the global economy grow?

Transparency plays a critical role in ensuring the efficient allocation of resources by allowing the market to evaluate and impose discipline on government policy, and by increasing the political risk of unsustainable policies.

When were the OECD guidelines for multinational enterprises?

1976
The Guidelines were first adopted in 1976 and have been reviewed 5 times since then to ensure that they remain a leading tool to promote responsible business conduct in the changing landscape of the global economy.

Why is OECD guidelines important?

The OECD Guidelines for Multinational Enterprises (OECD Guidelines) are recommendations from governments to multinational enterprises on responsible business conduct. The OECD Guidelines set standards for responsible business conduct across a range of issues such as human rights, labour rights, and the environment.

Why are OECD Guidelines important?

What does OECD Guidelines stand for?

The Organization for Economic Cooperation and Development (OECD)