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.
Governments that foster open markets and resist protectionism have the best chance of stimulating inclusive economic growth and creating high-value jobs, according to a new study from 10 international organisations presented in Paris.
Launched and co-ordinated by the OECD, the International Collaborative Initiative on Trade and Employment (ICITE) is a two-year old joint undertaking of ten international organisations. Under ICITE, a broad research agenda focusing on the interaction between trade and employment has been implemented. This book brings together some of the results of that research.
Opening with an overview chapter from the OECD, the book continues with papers covering 1)trade, wages and employment, 2) trade and services, 3) trade and working conditions, and 4) regional trade perspectives.
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In accordance with Article 37 a) 3) of the 2007 Aircraft Sector Understanding on Export Credits for Civil Aircraft (the ASU), the Participants to the ASU have agreed to new 2011 minimum premium rates for category 2 and Category 3 aircraft transaction.
What incentives do our partners have to open their markets to our businesses when their own businesses have full access to ours? EU commissioners Karel De Gucht and Michel Barnier give the example of the European Union's new public procurement instrument.
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.
Boosting trade is one of the surest drivers of sustainable growth, explains Ian Wood, Deputy Permanent Representative of the United Kingdom to the OECD, in this OECD Insights blog post.