2008 OECD Global Forum on Trade
Globalisation and Emerging Economies, 25-26 June 2008
Political, technological and commercial forces are driving growth in the international exchange of goods, services, jobs and people. These changes have resulted in very significant growth in economic prosperity and some major reductions in global poverty. The BRIICS (Brazil, Russia, India, Indonesia, China and South Africa) and other emerging economies are playing a major part in these efforts. The opening up of the BRIICS countries, for example, is drawing nearly a half of the world’s workforce into the international arena. Economic resources are now generally better allocated around the globe than they used to be (with some important exceptions). Furthermore, policy systems are now better aligned to keep reallocating global resources to best advantage in the future.
In spite of this progress, policy challenges abound. Many borders are now so open, and the processing and office technology so efficient, that some believe the world economy is suffering from “speed wobbles”.
The 2008 OECD Global Forum on Trade will bring together trade policy makers from OECD countries and a number of emerging economies to discuss these global policy challenges. Specifically, the Global Forum on Trade will examine two important issues: the BRIICS impact on recent international market developments, and the political economy of trade.