AS per a new OECD Study, Govts, which effectively
resist protectionism, have greater chance of triggering economic growth
and creating high-value jobs.
Policy Priorities for International Trade and Jobs, launched by OECD Secretary
General Angel Gurria during the annual OECD Forum, shows that protectionist
and discriminatory trade measures do not protect or preserve jobs. On the contrary,
closing markets is actually more likely to stifle growth and put additional
pressure on labour markets.
The report, a product of the International Collaborative Initiative on Trade
and Employment (ICITE)*, analyses the complex interactions between globalisation,
trade and labour markets. Drawing on numerous studies covering different parts
of the globe and countries at very different levels of development, the report
highlights the powerful role trade can play in driving growth and improving
employment.
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