4 minute read With trade and investment barriers falling, and transportation and communication costs declining, multinational enterprises (MNEs) are some of the most important actors in the global economy. In 2021, the top 100 MNEs generated over $11 trillion in revenues…
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6 minute read Analysing patterns in international trade in services can be a challenging task. Not all countries publish information on trade relations with their partners, and often what a country reports does not match what its trading partners say. The OECD-WTO Balanced Trade in Services (BaTIS) dataset addresses both these problems.
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5 minute read Global trade expanded in 2022 despite the challenging economic environment. Based on available information, OECD estimates suggest both merchandise and services trade increased by around 12% compared to 2021, as measured in current US dollars.
The annual growth in merchandise trade is the result of rapid expansion in the first half of the year.
4 minute read Following two years of growth, G20 merchandise trade declined in value terms in Q3 2022, as measured in current US dollars (Figure 1 and 2). Exports and imports contracted by 1.3% and 1.1%, respectively…
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3 minute read Multinational Enterprises (MNEs) have been at the forefront of changes in the global economy over the last few decades, as trade and investment barriers have been removed and transportation and communication costs have declined. In a world of global value chains, understanding MNEs – where they are, how they operate, and where they pay taxes…
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3 minute read Concerns are growing that globalisation may have created a few big winners at the expense of many losers. This has stimulated efforts to analyse how trade can be made to Work for All, for example by focusing on the skills and occupations of affected workers.
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5 minute read The Big Mac index from The Economist magazine is a well-known example of an international price comparison of a product with similar characteristics across countries. This price comparison shows for instance that the average price of a Big Mac is 5 dollars in the United States and 4 euros in France.
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