All countries need to trade, with their neighbours and globally, to sustain long-term economic growth. Some low-income countries lack the instutitions, infrastructure to benefit from open markets and lift their people out of poverty.
Following the 108th Participants Meeting, the Participants to the Arrangement on Officially Supported Export Credits have agreed to some modifications to the rules of the Arrangement. It replaces Annex II of the Arrangement on Officially Supported Export Credits and is effective from 1 July 2009.
The current economic crisis has exposed the deficiencies of economic global governance and the risk of having a highly integrated global economy with fragmented global economic decision-making and regulation. To improve our impact, we do need stronger, more inclusive and better coordinated international organisations, warned the OECD Secretary-General.
With the global economic crisis, governments are now focused on restoring national economic and employment growth and financial stability which also poses risks for freedom of investment.
In his speech delivered at the 2009 BIAC Business Roundtable, Mr. Gurría underlined that the OECD was working hard to help countries design better and more reliable policies to underpin the credibility of a stronger and more accountable global economy. But he warned that a new economic system can only work if it’s based on a more responsible business culture that can reconcile profit-making with reducing inequalities, fostering
With world trade volumes likely to shrink by as much as 13 percent in 2009 from 2008 levels, the OECD is urging governments to avoid protectionist measures and keep markets open in order to allow economies to benefit from the recovery when it comes.
OECD Insights is a new series of reader-friendly books that uses OECD analysis and data to introduce some of today’s most pressing social and economic issues.
The combined effect of the global credit crunch, falling international trade and investment flows, lower remittances and the effect of budgetary pressures in donor countries’ aid plans, are reversing the progress we had made in combating global poverty and are pushing more people into hunger, according to the OECD Secretary-General. Important emergency measures need to be taken to ensure that more people have access to food
This book argues that prosperity has rarely, if ever, been achieved or sustained without trade. Trade alone, however, is not enough. Policies targeting employment, education, health and other issues are needed to promote well-being and tackle the challenges of a globalised economy.
English, , 394kb
The economic crisis is placing severe strains on the global trade and investment system. Although few of the corrective measures currently being proposed are protectionist in intent, history reminds us not to be complacent.