Overview
The dramatic collapse in world trade in 2009 is, this report shows, mainly due to: the drop in demand for highly traded products; the drying up of trade finance; and the vertically integrated nature of global supply chains. Contrary to expectations, protectionist measures were relatively muted and did not play a significant part. In fact, because of their sheer size, stimulus measures may have had more impact on trade than direct trade policy measures Nevertheless, dollar for dollar, direct trade restricting measures have the most strongly negative impacts on growth and employment: a one dollar increase in tariff revenues results in a USD 2.16 drop in world exports and a USD 0.73 drop in world income.The analyses presented here suggest that exit strategies from measures to deal with the crisis will be most effective in boosting growth and jobs if they first roll back measures that discriminate between domestic and foreign firms and those that target specific sectors. General demand stimulus measures and active labour market policies are preferable under current conditions.
Full Product Details
Publisher: OECD Publishing
Imprint: OECD Publishing
ISBN: 9781282797543
ISBN 10: 1282797549
Pages: 128
Publication Date: 14 September 2010
Audience:
General/trade
,
General
Format: Electronic book text
Publisher's Status: Active
Availability: In stock
We have confirmation that this item is in stock with the supplier. It will be ordered in for you and dispatched immediately.