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International trade produces income gains, but increased trade exposure also creates some challenges that require complementary policies to maximise the benefits of trade. This paper looks at how Australia has dealt with these issues in recent years.
Exchange rate volatility impacts trade flows in small, open economies more than for larger economies, according to this study of trade in the agricultural and the manufacturing and mining sectors of Chile and New Zealand.
The signing of the North American Free Trade Agreement (NAFTA) was a source of debate in United States politics, particularly regarding possible labour market effects. This paper gives an overview and assessment of the debate and US employment policy responses.
Market thinness, where there are few buying or selling offers, can contribute to price volatility. Contrary to general assumptions, agricultural commodity markets have not become 'thinner', according to this study of trade in selected commodities from 1970 to 2010.
Innovation is critical to creating new sources of growth, and trade can strengthen innovation in the business sector. Technology diffusion, competition and exports are channels through which trade affects innovation. These channels along with the related policy issues are discussed in this report.
Low stocks to use ratios of recent years were one of the contributory factors to the grain price spike in 2007-08, says this paper on international stockholding arrangements with economic provisions for stabilising world agricultural commodity prices.
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A first step to facilitating trade in energy-efficient products is to encourage developing and emerging economies to reform their policies in trade and energy-pricing, according to this paper which draws on work by Japan’s Research Institute of Innovative Technology for the Earth (RITE).
Recent years have witnessed a sharp increase in many commodity prices. This report examines the question of whether commodity price volatility has materially changed with the rapid run up in world prices in 2006-09, followed by an equally sharp decline in many commodity prices.
Trade policy reforms have a role to play in reducing large current account imbalances, this paper finds. A multilateral and co-ordinated approach to reducing imbalances, involving macroeconomic, exchange rate and structural reforms, is essential for achieving maximum benefits for all countries.<
No untargeted agricultural policy intervention is pro-poor within the rural economy, says this study of farm households in Bangladesh, Ghana, Guatemala, Malawi, Nicaragua and Vietnam using the new Development Policy Evaluation Model (DEVPEM).