International transportation is as old as trade itself, and financial and insurance services followed shortly after. Over time, advances in communication technology has brought new services into binary option strategies pdf download global economy. Some examples include legal, engineering, and other professional services, computer services and telecommunications, just to name a few.
There is not one service industry, but many services with different business models, competition challenges and regulatory frameworks. To maximise the benefits that technology has brought, targeted policy reform needs to identify the main bottlenecks and benchmark to best practice regulation. Modern manufacturing is a heavy user of services inputs, and its competitiveness relies on access to state-of-the-art suppliers at the best price. Measuring services trade barriers with the OECD Services Trade Restrictiveness Index Obstacles to global services trade, however, remain pervasive as national trade and regulatory policies in individual services sectors are often made with limited regard for economy-wide impacts. 22 sectors across all OECD member countries and Brazil, the People’s Republic of China, Costa Rica, India, Indonesia, Malaysia, the Russian Federation, and South Africa. An easily accessible STRI database of laws and regulations in force, which is updated, verified and peer-reviewed by regulators and trade officials on an annual basis.
Indices of regulatory heterogeneity that measures regulatory differences by country pair, sector and year. Empirical analysis assessing the impact of services trade policies on economic performance and trade costs. A suite of interactive web tools that can be used to compare regulatory regimes across countries and to simulate the impact of policy reforms. Mobile app policy simulator, available on the Apple App Store and Google Play.
What can policymakers do to support open and well-regulated services markets? Open and well-regulated services markets ensure access to information, skills, technology, funding and markets in a modern, increasingly digital economy. Intermediate services reduce costs, improve quality, and match suppliers and customers around the world. The main findings from our analytical work on trade and services suggest that policymakers consider adopting whole-of-government strategies to capitalise on the demonstrated potential of co-ordinated services trade policy and regulatory reforms to help make globalisation work for all, and are highlighted in our policy brief and our new book on Services Trade Policies and the Global Economy. Job characteristics, job transitions and services trade This report presents new cross-country evidence on labour market transitions in sectors exposed to growing volumes of international trade, and the job characteristics of workers employed in these sectors. It shows that export growth is significantly associated with lower job loss risk. The countries included in each sector note are the OECD members and Brazil, the People’s Republic of China, Colombia, Costa Rica, India, Indonesia, the Russian Federation and South Africa.
The sector notes were most recently updated in December 2018. Sector papers Eight policy papers covering 22 sectors in the STRI were published in November 2014, with a ninth on logistics in August 2015. These papers provide an in-depth exploration and explain in detail the indices and scores for the participating countries. The country notes were last updated in January 2019. Using the database The STRI regulatory database lists all the regulations which may constitute barriers to trade in services or which could facilitate this trade. This very detailed qualitative database also provides the source of the regulation, along with the title of the law, relevant articles, a web link to the law, and a comment if additional explanations are required.