Left out of its December release -- announcing the awarding of the $1.75 billion contract -- was any mention of collusion and bid-rigging by Korean-based Samsung C&T; the ongoing investigation by a Spanish magistrate and anti-corruption prosecutors into "allegations of misappropriation of public funds, falsifying documents and money laundering" at Acciona; and liquidity issues at Petrowest.
It is hard to know exactly how much money is hidden in tax havens or passed through elaborate BEPS schemes, but some estimates range from $21 trillion to $32 trillion U.S. Rather than throwing in the towel, governments could make an earnest effort to tighten their domestic regulations and continue to pursue multilateral initiatives aimed at combating tax evasion.
Unfortunately, South Korea still has a long way to go in terms of females getting opportunities in leadership positions. The number of female politicians in South Korea is 49 out of 300 members of parliament and South Korea had a 37.4 per cent gender wage gap, which was the largest gap among OECD countries in 2014..
Since gender equality is one of the most important issues in terms of sustainable and healthy growth, Turkey has launched a new engagement group, Women20 (W20), which will concentrate on enhancing the role and increasing the participation of women in business. In addition to gender equality, ensuring women have access to financial assets will form the backbone of global growth.
The population in advanced countries is growing at low rates. At the same time, it is also aging. An aging population combined with low population growth rates can have important social and economic policy implications. This may have important effects on economic growth, heath care, pension system and the standard of living in advanced countries.
The bottom line? The world has missed its friendly giant over the past five years, but it's not dead; it has just been sleeping. Fortunately for us all, it's not just in a post-hibernation stupor; it has had a good dose of coffee, is hungry, and ready to go. Canadian exporters, get ready to take advantage.