Export restrictions on raw materials are applied to achieve a number of policy objectives. However, they can have a significant and negative impact on the efficient allocation of resources, international trade, and the competitiveness and development of industries in both exporting and importing countries.
By diverting exports to domestic markets, export restrictions raise prices for foreign consumers and importers. At the same time, by reducing domestic prices in the applying countries and increasing global uncertainty concerning future prices, export restrictions negatively affect investment, thus potentially reducing the overall supply of raw materials in the long term. In view of existing alternative policy tools that have a different impact on trade, the effectiveness of export restrictions to achieve stated policy objectives should be carefully reviewed.
This publication presents a selection of papers discussed at the OECD Workshop on Raw Materials, held in Paris in October 2009. This workshop was organised in response to the growing concern on the use of export restrictions on raw materials, particularly by emerging economies.
The conference aims to address the links between labour market outcomes and inequality in emerging economies and to consider which labour market and social policies can help governments in alleviating poverty and in promoting more inclusive societies.
Commodity prices surged in 2006-08 in Argentina, Brazil, China, Chile, India, Indonesia, Russia, South Africa, Ukraine and Vietnam. Government policy responses to these price surges were not always successful in minimising the impact on consumers and producers, this report finds.
Growth and Sustainability in Brazil, China, India, Indonesia and South Africa is based on the proceedings of a conference, organised by the OECD, on the growth performance of these large emerging-market economies.
A report on how growth in demand for agricultural products has evolved in developing and emerging economies, notably Brazil, Russia, India, Indonesia and China (the so-called BRIIC countries).
This report provides an overview of the recent performance and growth of the Indian ICT sector and related policies, focussing both on the software and hardware segments, and discusses the short- and longer-term outlook.
Building on the OECD's internationally recognised standards in the area of financial education, participants in this event shared best practices and experiences in the fields of financial education and literacy. As a result, they were better equipped to address their national and regional challenges in these policy areas.The workshop was co-hosted by the Reserve Bank of India and the OECD and was sponsored by the Government of Japan.
This paper uses the OECD’s Going for Growth framework, as well as other available evidence linking policies to economic performance, to identify key structural policy challenges in the BIICS for the years ahead.
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India hosted the second meeting of the Steering Group of the Global Forum on Transparency and Exchange of Information on 11 – 12 February in New Delhi.The Steering Group, which guides the work of the Global Forum, considered the core documents required to launch the peer review process. It also examined the progress of the Global Forum in moving forward on the mandate given to it by the G20 in November 2009.
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India-OECD Symposium: Global Economic Prospects and the Indian Economy, 3 December 2009