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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.
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.
The 2012 edition of OECD Input-Output Database is available. Tables consist of matrices of inter-industrial transaction flows of goods and services (domestically produced and imported) in current prices, for all OECD countries (except Iceland) and 15 non-member countries.
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.
An overview of OECD activities with Indonesia in analysing trade issues such as policy, services trade, export restrictions, aid for trade, and export credits.
An overview of OECD work with Brazil in trade issues such as export credits, trade policy, trade liberalisation and the relationship between trade and employment.
As China continues to dominate discussions of trade and with global economic integration an important factor in the ongoing economic recovery, OECD remains highly engaged with China in developing and implementing its trade policy agenda.
An overview of OECD work on India’s trade and regulatory policies, trade relations, trade performance trends, and barriers to trade and productivity, as well as policy recommendations to help India realise its significant trade potential.
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.