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FROMADVICE TOACTION - OECD.org
1 POLICY FRAMEWORK FOR INVESTMENTFROMADVICE TOACTION1 investment is central to growth and sustainable development. It expands an economy s productive capacity and drives job creation and income growth. Boosting investment can both support demand in the short-to-medium term while increasing potential growth rates through supply-side effects in the medium-to-long-term. Most investment is under-taken by domestic firms, but international investment can provide addi-tional advantages beyond its contribution to capital accumulation. It can serve as a conduit for the local diffusion of technology and expertise such as through the creation of local supplier linkages and by providing improved access to international FOR investment , GROWTH AND SUSTAINABLE DEVELOPMENTThe OECD is working to mobilise public and private investment to support resilient, sustainable, green and inclusive growth which benefits the whole of society.
5 TAX POLICY Investment promotion authorities and revenue collec-tion agencies often have shared responsibilities, but are working towards different objectives, especially in …
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