Trade and economic effects of responses to the economic crisis
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 d...
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| Formato: | Libro electrónico |
| Idioma: | Inglés |
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[Paris] :
OECD Pub
2010.
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| Colección: | OECD trade policy studies.
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| Ver en Biblioteca Universitat Ramon Llull: | https://discovery.url.edu/permalink/34CSUC_URL/1im36ta/alma991009706541206719 |
| Sumario: | 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. |
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| Notas: | Also available in French: Effets sur l'economie et le commerce des reponses a la crise economique. |
| Descripción Física: | 1 online resource (130 p.) |
| Bibliografía: | Includes bibliographical references (p. 123-126). |
| ISBN: | 9781282797543 9786612797545 9789264088436 |
