Economic activity declined slightly on average, employment was roughly flat...
2024-02-07 53 英文报告下载
The role of the firm is not what it used to be. In addition to turning a profit for its owners, making payroll for its workers, and producing goods and services, firms are also increasingly called to contribute toward society’s well-being. From circular economy initiatives to philanthropic activities, firms are being accountable not only to shareholders but to society at large. This year’s APEC Economic Policy Report (AEPR) discusses the complex topic of Structural Reform and an Enabling Environment for Inclusive, Resilient and Sustainable Businesses. In particular, it sheds light on the important intersection between private activity and the public interest. The AEPR highlights the importance of ensuring a conducive business environment, one that reduces transaction costs and facilitates firm entry, operation and closure. Not only is this good for business and competitiveness, but it also gives firms the space to contribute toward inclusion, resilience and sustainability goals. It further highlights the importance of measuring and recognising firms’ contributions toward the public interest, be it in eliminating greenhouse gas emissions or serving underserved communities. In the same vein, it points out that policymakers can, through structural reform policies, do more to enable businesses, especially small and medium enterprises (SMEs), to contribute toward social goals; measure progress regularly and comprehensively; and incentivise private sector investment toward inclusion, resilience and sustainability.