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By Patrick Love. I once got corrected by some pedant for talking about a “tennis bat”, so as you may realise, I don’t know much about the sport. But I do like Andy Murray, ever since I saw an interview with him after he’d won some big game that lasted for ages. The journalist mentioned that his mother and girlfriend were in the crowd, and that it must have been really hard for them. More...

By Patrick Love. Before the recent crisis, the biggest failure of a commercial bank in the UK was the City of Glasgow Bank in 1878. The CGB collapse was due to mismanagement and fraud, and the authorities set up a commission of inquiry that recommended a number of measures to improve corporate governance. No they didn’t. They arrested the bank’s directors and sent them to prison, and corporate governance improved remarkably. More...

By admin. Global growth will gradually strengthen towards its pre-crisis trend rate by late 2016 as activity becomes more evenly shared across the major economies and overall external imbalances are less marked than in the run-up to 2007, according to the OECD’s latest Economic Outlook. More...

By Anthony Gooch. The 2015 OECD Forum comes at key moment in what is proving to be a watershed year. It will be followed by the G7 Summit on 7-8 June, focussing on responsible business conduct and environmental and social conditions along global supply chains. In July, Addis Ababa will play host the third International Conference on Financing for Development which will prepare the ground for the UN Summit in September, where the adoption of the post-2015 development agenda will define a set of Sustainable Development Goals (SDGs). More...

By Bill Below. Transparency in government is the solution to many ills. To begin with, it promotes honesty. It supports accountability. It limits the effects of undue influence on policy by special interest groups. The more transparency we have in both the public and private sector the better off we are. As a societal value, transparency stipulates that the business of business and that of government shall be conducted in the light of day. More...

By Adrian Blundell-Wignall. The greatest puzzle today is that since the global crisis financial markets see so little risk, with asset prices rising everywhere in response to zero interest rates and quantitative easing, while companies that invest in the real economy appear to see so much more risk. More...

By Patrick Love. When you start to play football (or soccer, or whatever it’s called in your country) at a competitive level with real goalposts, referees and crowd trouble, one of the first things you learn is what to do when you commit a foul that elsewhere would get you arrested for causing grievous bodily harm (or aggravated assault, or whatever it’s called in your country). More...

By Pravin Krishna. We live in exciting times. Globalization is deepening at a very rapid rate. In the last decade and a half, international trade in goods has nearly tripled and international tourism has nearly doubled in magnitude. Increased connectivity has led to globally fragmented production processes. More...