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Imports tend to bring wages up for skilled workers rather than push wages down, according to this study of the relationship between wages and trade in 55 countries and 40 industries. This positive effect is evidence of the increased productivity of firms who import inputs.
Exchange rate levels affect trade flows in agriculture and in the manufacturing and mining sector in China, the Euro area and the United States, though they do not explain in their entirety the trade imbalances in these three economies, this paper finds.
English, Excel, 134kb
Results and reports for Co-operative Research Programme (CRP) fellowships awarded in 2011
Physical and human capital (especially second- and third-level education), financial development and some aspects of labour market institutions are important policy and institutional areas that determine comparative advantage today, according to this paper.
European support to farm incomes has decreased substantially over the past 20 years, according to this report. Farmers earned 22% of total annual receipts from government support over the 2008-10 period, down from 39% annually over the 1986-88 period.
Governments and taxpayers spent about half a trillion dollars last year supporting the production and consumption of fossil fuels. Removing inefficient subsidies would raise national revenues and reduce greenhouse-gas emissions, according to OECD and IEA analyses.
Public authorities and private operators should agree on a definition of sustainability for fisheries and aquaculture, which would enhance the credibility of a label or certification, provide transparency, and enable consumers to make informed choices when they buy fish products.
OECD export credits work is one of the basic building blocks of the ever growing structure of global trade agreements that aim to maintain open and efficient markets.
Government support to agriculture in OECD countries fell to 18% of total farm receipts in 2010, a record low linked to high commodity prices, but has been rising in large emerging economies, according to a new OECD report.
After an increase in 2009, producer support in the OECD area declined in 2010, confirming the downward trend in support to farmers. The trend in emerging economies shows some increase in the level of support, although it stays well below the OECD average.