United Nations Economic Commission for Europe Statistical Division Globalization and Economic Statistics UNECE Statistical Division 15 June 2011
Download ReportTranscript United Nations Economic Commission for Europe Statistical Division Globalization and Economic Statistics UNECE Statistical Division 15 June 2011
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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