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English, , 391kb
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.
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.
Comparative advantage has provided the intellectual basis for most trade policy in the past 50 years. This book collects OECD work that builds on recent contributions to the theory and empirics of comparative advantage, emphasising the role of policy in shaping trade.<
OECD export credits work is one of the basic building blocks of the ever growing structure of global trade agreements that aim to maintain open and efficient markets.
English, , 719kb
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.
English, , 706kb
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.