OECD countries have agreed new rules to strengthen current environmental and social due diligence processes when providing export credits and to create financially prudent incentives to support business projects with low CO2 emissions. The second agreement also aims to encourage support for advanced climate-friendly technologies such as carbon capture and storage.
This paper focuses on the market openness aspects of regulatory reform in Indonesia to devise recommendations for improving the country’s regulatory processes. These recommendations involve institutionalising independent and objective evaluations of policies from an economy-wide perspective, as well as instituting a process by which broad public consultations are systematically required.
G20 governments should devise and implement a new series of peer reviews within the G20 process to ensure that policies improve agricultural productivity and food security, according to a new report by 12 international organisations.
Rio+20 faces challenges that the Rio Earth Summit could not have foreseen: a growing gap between the rich and the poor, a global economic crisis, and some 2 billion more people by 2050 relying on the planets natural resources and the environment.
Experts meetings which provide a forum for services experts to share knowledge and ideas on key reform issues, including driving forces, main impediments, and impacts on trade and other measures of economic performance.
The United States has seen trade-led growth across all its sectors, says US Trade Representative Ron Kirk in this OECD video.
Merchandise trade grew moderately in most major economies in the first quarter of 2012. Total imports and exports of G7 and BRICS grew by 1.0% and 0.6% respectively.
If you want to export, you have to import, explains this OECD Insights blog post on the benefits of open markets. Trade has a positive effect on employment, wages and even working conditions, while protectionism protects no one.
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Over the course of the last half century, the global expansion of trade has reshaped the world economy. Trade opening has enabled economies to reap the benefits of specialisation and focus more productively on what they do best, through the sectors where they demonstrate comparative advantage.
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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.