The Harlot Church System by Newbold Jr Charles Elliott

The Harlot Church System by Newbold Jr Charles Elliott

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. Related reading: OECD Insights From Crisis to Recovery: The Causes, Course and Consequences of the Great Recession (Forthcoming), OECD Employment Outlook 2010: Moving beyond the Jobs Crisis (2010), The Financial Crisis: Reform and Exit Strategies (2009)

SKU	Unavailable
ISBN 13	9780964776630
ISBN 10	0964776634
Title	The Harlot Church System
Author	Newbold Jr Charles Elliott
Condition	Unavailable
Binding Type	Paperback
Publisher	Ingathering Press
Year published	2000-04-10
Number of pages	168
Cover note	Book picture is for illustrative purposes only, actual binding, cover or edition may vary.