New OECD publications and statistics have been uploaded to the OECD iLibrary, a comprehensive digital repository of books, papers, and statistics from the Organisation for Economic Cooperation and Development (OECD). Titles recently added include:
IMF has just released the June 2019 issue of F&D Magazine, a special issue marking the IMF’s 75th anniversary. Articles in this issue “examine how the IMF should adapt and innovate to serve the needs of the evolving global economy.”
Articles are available at the IMF website here, for consultation individually or as a whole issue online or for download in PDF, for WTO staff and visitors to the WTO Library.
“Trade is in trouble: since the crisis, trade growth has slowed while public scepticism about trade in some countries has grown.”
OECD has recently launched Make Trade Work For All, a paper which makes a case for trade but “argues that we need to start by acknowledging there are some good reasons for some people to be angry.” The paper argues that action must be taken on three fronts:
Creating domestic environments where trade benefits can materialise;
Doing more to bring everyone along, particularly in regions facing trade shocks;
Making the international system work better.
The full report is available through the OECD iLibrary here.
For a brief summary of the paper, a one-page overview is also available, here.
For the most part, conflict between domestic tobacco regulation/international tobacco control instruments and international trade obligations is more imaginary than real. In practice, domestic regulation can be carried out consistently with trade obligations. Nevertheless, there is at least a small chance of actual conflict between international tobacco rules and trade obligations. Where such conflict arises, this paper argues that proper treaty interpretation requires that trade obligations, as the “harder” version of law, would take precedence over conflicting tobacco rules. For public health advocates who have concerns about this, the solution is not to exclude tobacco from trade agreements, but to refine existing trade obligations.
For decades, political support for the U.S. sugar program has been underpinned by the general sense that the costs of producing sugar in this country are quite high relative to prices prevailing in world markets. Thus, the elimination of government support would lead to the certain death of the sugar industry. Recent analysis indicates that this view simply is not correct. Rather, the U.S. industry would continue to produce sugar economically in the absence of government support.