International production, trade and investments are increasingly organised within so-called global value chains (GVCs) - all activities from product conception to its final use - where the different stages of the production process are located across different countries.
The goods and services we buy are composed of inputs from various countries around the world. However, the flows of goods and services within these global production chains are not always reflected in conventional measures of international trade.
Firms now invest as much or more in intangible assets, known as KBC, as they do in physical capital such as machinery, equipment and buildings. This shift creates new challenges for policy makers, business and the ways in which economic activity is measured.
The OECD Steel Committee provides analyses and statistics on world steel market, industry and trade developments, steelmaking capacity, and related raw materials, emerging over the years as the unique platform to discuss multilateral steel problems and find political solutions.
The OECD Council Working Party on Shipbuilding (WP6), as the only international body that can guide government policies, seeks to progressively establish normal competitive conditions in the industry, encourage transparency and expand policy dialogue with non-OECD economies.