Monday, November 15, 2010

[IWS] OECD+: SEIZING THE BENEFITS OF TRADE FOR EMPLOYMENT AND GROWTH [12 November 2010]

IWS Documented News Service
_______________________________
Institute for Workplace Studies----------------- Professor Samuel B. Bacharach
School of Industrial & Labor Relations-------- Director, Institute for Workplace Studies
Cornell University
16 East 34th Street, 4th floor----------------------
Stuart Basefsky
New York, NY 10016 -------------------------------Director, IWS News Bureau
________________________________________________________________________

 

OECD, ILO, WORLD BANK, WTO FINAL REPORT

 

 

SEIZING THE BENEFITS OF TRADE FOR EMPLOYMENT AND GROWTH [12 November 2010]

Prepared for submission to the G-20 Summit meeting

Seoul (Korea), 11-12 November 2010

http://www.oecd.org/dataoecd/61/57/46353240.pdf

[full-text, 47 pages]

 

Press Release 12 November 2010

G20: More open trade and well designed employment policies - key to supporting growth

http://www.oecd.org/document/49/0,3343,en_2649_37431_46379697_1_1_1_1,00.html

 

[This report] presented to Leaders at the G20 Summit in Seoul on 11-12 November 2010, argues that more open trade for goods and services can provide a stimulus for the world economy, at a time when many of the temporary stimulus measures taken by many governments during the crisis are being unwound.

 

Trade is contributing to the economic recovery. But with high unemployment persisting in many countries, governments must resist protectionism, the organizations say.  They underscored that a successful conclusion to the Doha Development Agenda would send a positive signal that governments continue to oppose protectionism and seek new opportunities for growth, development and job creation through trade.

AND MORE....

 

 

TABLE OF CONTENTS

SEIZING THE BENEFITS OF TRADE FOR EMPLOYMENT AND GROWTH ....................................... 2

FOREWORD .................................................................................................................................................. 2

EXECUTIVE SUMMARY ............................................................................................................................. 5

Acronyms used in this Report .................................................................................................................. 6

I. Introduction ............................................................................................................................................. 7

II. How Open Markets Benefit Economies, Firms, Workers, and Consumers ............................................ 7

Trade & Growth ...................................................................................................................................... 8

Trade & Employment ............................................................................................................................... 9

III. Looking Backward: Trade and the Economic Consequences of the Crisis ......................................... 10

How Far Did Trade Decline? ................................................................................................................. 10

How Much Did Workers Lose?.............................................................................................................. 11

IV. Looking Forward: From Short-Term Recovery to Sustainable, Inclusive Growth ............................. 13

Part 1: Strategies at the International Level ........................................................................................... 14

Resisting Protectionism ...................................................................................................................... 14

Further Liberalisation of Goods and Services .................................................................................... 15

Part 2: Strategies at the National Level .................................................................................................. 19

Peer-to-Peer Approaches to Regulatory Liberalisation ...................................................................... 20

Promoting Labour Market Adaptability. ............................................................................................ 21

Efficient re-employment services can make a real difference ............................................................ 23

Is There a Role for Targeted Trade-Adjustment Programmes? .......................................................... 23

Labour Market Policy Responses to Negative but Transitory Trade Shocks ..................................... 24

The Need for Fiscal Space to Provide Social Protection .................................................................... 24

V. Conclusion ........................................................................................................................................... 25

 

APPENDIX. THE RELATIONSHIP BETWEEN TRADE AND EMPLOYMENT: A REVIEW OF THE LATEST SCHOLARSHIP ............................................................................................................................ 27

 

Tables

Table 1. Simulated Percentage Changes in Employment and Real Incomes Following Goods Liberalisation ............................................................................................................................................ 17

Figures

Figure 1. Quarterly Percentage Change in GDP, Trade, and Employment in the G-20 Countries ........... 11

Figure 2. Share of Services in GDP, 1970-2008 ........................................................................................ 18

 

Boxes

Box 1. Employment-Related Policy Responses in G-20 Countries .......................................................... 12

Box 2. International Institutions Can Help National Governments to Promote Sustainable and Inclusive Growth ...................................................................................................................................................... 21

Box 3. Fundamental Principles and Rights at Work .................................................................................. 22



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Stuart Basefsky                   
Director, IWS News Bureau                
Institute for Workplace Studies 
Cornell/ILR School                        
16 E. 34th Street, 4th Floor             
New York, NY 10016                        
                                   
Telephone: (607) 255-2703                
Fax: (607) 255-9641                       
E-mail: smb6@cornell.edu                  
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