ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

OECDSubscribe to OECD

Budgetary Resource Mobilisation in Asia

Asian countries will need to cope with much greater complexity in both domestic resource mobilisation and in dealing with international tax issues. Fiscal laws and institutions will therefore acquire much greater importance. Capacity to use information technology in fiscal institutions in general, and tax administration and compliance in particular, will acquire greater urgency. Asian countries will also need to consider a regional forum to discuss tax issues and to share tax information. Indigenous fiscal research capability will also need to be strengthened.

Did BIS Regulations Shorten Debt Maturity in Developing Countries?

The Bank for International Settlement's 1998 Capital Accord recommends a smaller risk weight for short-term exposures to developing countries than for exposures with more than one year maturity. This paper shows that such differential treatment of risk may have been one of the factors behind the rapid growth of short-term banking debt to developing countries in the 1990s, believed to be one of the major causes of the financial crises in Asia, Russia and Brazil.

Social Clause in WTO

Although social clause as an issue related to international competition and trade has a rich history and has been pursued haltingly by the US ever since the pre-Tokyo GATT rounds, it is topical today because of the prospect of labour standards becoming a formal instrument of trade policy through incorporation in the rules-based WTO. What are the moral, economic and political cases for and against bringing a controversial social clause into the WTO rubric?
Back to Top