United Nations Economic Commission for Europe Statistical Division

Globalization and Economic Statistics

UNECE Statistical Division

15 June 2011

Trade-related activities

 UNECE leads a

Group of Experts

on the Impact of Globalization on National Accounts (GGNA)   To review the challenges, caused by globalization, in compiling main economic indicators and to prepare practical guidance, due in June 2011 All member states of UNECE, OECD and Eurostat participated (+ China, Hong Kong SAR, Mongolia, Singapore and South Africa) http://www.unece.org/stats/groups/wggna.e.htm

 Indicators in the

UNECE on-line Statistical Database

 Balance of Payments  Globalization indicators (to be published in the course of 2011) http://w3.unece.org/pxweb/Dialog/

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The Guide Impact of Globalization on National Accounts

  Provides

recommendations and best practices

to deal with the impact of globalization on national on how accounts One of the three sections discusses

challenges in measuring cross-border trade

in goods and services  processing of goods abroad (no change of ownership)  merchanting (products do not enter or leave the country of the seller)  international trade in intellectual property products (software etc.)  global manufacturing (combination of all above)  re-exports, transit and quasi-transit trade

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Trade related issues for future work recommended by GGNA



Global manufacturing processes

which take place in more than country 

International trade in intellectual property products

within multinational enterprises 

Global service contracts

when the seller, customer and services provider are all resident in different countries  Commonly agreed definition of

special purpose entities

(units of foreign multinational enterprises with large financial stocks and flows, but small physical presence) and their role in global trade

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UNECE on-line Statistical Database – Globalization indicators

 The indicators will be based on generally accepted measures, such as the OECD “Handbook on Economic Globalisation Indicators”  The indicators cover the following areas:  globalization of trade  trade performance  growth of trade and  foreign direct investment  Not a comprehensive description, but a useful snapshot

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