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Trade, including its more novel facets such as global services outsourcing and production off-shoring, plays a pivotal role in boosting growth and creating high-value high-pay jobs.
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.
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.<
Greater trade openness does not necessarily have an adverse effect on employment, and labour market mobility and flexibility can help countries gain from globalisation, according to this comparison of Denmark and Spain.
The most open sectors of the Chilean economy show higher wages relative to the other sectors, according to this analysis of the relationship between wages and levels of trade and foreign direct investment (FDI) openness in twenty-nine sectors in Chile.
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.
Tariffs, government policies and availability of credit and electricity are among the factors that restrict the trade expansion of developing countries. This report identifies and quantifies these constraints, and includes case studies of Azerbaijan and Uganda.
As part of the OECD accession process, Chile, Estonia, Israel and Slovenia participated in Reviews of Market Openness with the OECD Trade Committee. These country reviews examine to what extent domestic regulations directly or indirectly distort or facilitate international competition.
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Over the last two decades, Israel has opened its economy to international trade and investment by lowering tariffs and improving the domestic regulatory environment for business. This review describes progress on regulatory reform in Israel, which suggests these overall trends will continue.
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An analysis of Slovenia’s trade policy-related institutions and regulations and their influence on market openness, covering transparency, non-discrimination, trade restrictiveness, harmonisation towards international standards, conformity assessment procedures and intellectual property rights.