Development Dimension Fostering Development in a Global by Oecd

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Half a century later, it is clear that successful development is affected by a far broader range of OECD member country policies than the aid budget alone. As OECD Secretary-General Donald Johnston has put it: There has been a widespread failure of the development community over many years to identify, adapt and apply the policies and insights within their governments and within the OECD that could spur development. It is now accepted wisdom that development cannot be a matter only of roads and bridges, or schools and hospitals, but must also be built on a policy environment founded on the rule of law, and institutions that enable businesses and the economy to flourish.

By reducing the growth and flexibility of the native workforce and by increasing the demand for “care workers”. 21 Enforced “temporariness” may have negative consequence if employers cycle employees in and out or if former students sit out two years in a neighbouring country before returning to their preferred destination (“brain waste”). g. GATT and GATS. Apart from the discrimination among sending countries, temporary migration schemes may depart from national treatment – to the detriment of either domestic or foreign workers.

In the meantime, this internationally accepted standard provides a stable environment to investors and limits the risk of double taxation that could arise if countries applied differing standards. Developing countries which implement the arm’s length principle see it as a powerful tool to promote the positive development contribution of multinational enterprises by ensuring that an appropriate amount of tax is paid. FOSTERING DEVELOPMENT IN A GLOBAL ECONOMY – ISBN 92-64-01014-9 © OECD 2005 43 Addressing migration issues Labour mobility is the gap in the modern era of globalisation relative to the pre1914 era.

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