Transcription of The OECD Guidelines for Multinational Enterprises
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The OECD Guidelines for Multinational Enterprises
Policy BriefOrganisation for Economic Co-operation and Development OECD 2001 June 2001 The OECD Guidelines for Multinational EnterprisesIntroductionInternational investment has spearheaded the globalisation process, strength-ening and deepening the ties that bind the world s regions together. Multina-tional Enterprises (MNEs) are one of the main conduits through whichinvestment is channelled and their evolution has reflected broader develop-ments in OECD economies. The rise of service and knowledge-intensivesectors has been associated with a push by service and technology firms intothe international market place. Although large multinationals continue todominate international investment, numerous smaller firms now play a morevisible role on the international scene. Advances in technology and in thedesign of organisations have increased the diversity of business forms and thecomplexity and speed of economic transactions. This has tended to blur theboundaries of the firm and to heighten the value of transparency in policy environment for international investment has generally becomemore favourable and countries now compete actively for such , MNEs are an integral part of the international economy, as agents forbeneficial investment flows and for diffusion of technology and as an impor-tant source of tax revenues.
3 Policy Brief The OECD Guidelines for Multinational Enterprises the importance adhering countries give the Guidelines. Also, the Guidelines ’ basic approach is
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