Starting from the measurement framework of the System of National Accounts, this part clarifies the measurement of the international economic dimension of the SNA, especially to measure economic interdependencies of nations, their exposures and vulnerabilities. The international accounts for an economy summarize the economic relationships between residents of that economy and the rest of the world. Many international task teams are working on aspects of international trade and economic globalization, but an overarching framework is still missing.
The full list of all available publications related to "Accounting Framework for Trade and Macro-economic issues" can be found HERE.
Globalisation is the shrinking of distance and the reduction of trade boundaries in the world economy. Companies operate across national boundaries and consumers purchase from suppliers half-way across the world. Sometimes the purchaser will have no clear idea of the supplying country if the product is supplied via the internet… more »
The Statistical Commission of the United Nations has been concerned with conceptual or practical difficulties in the implementation of the System of National Accounts (SNA) since it was introduced in 1968. At its 1983 session, the Commission agreed that the SNA should be revised with the specific objectives of clarifying it and harmonizing it with related statistical systems rather than modifying it... more »
This study was undertaken by the OECD’s Trade Committee in response to the financial and economic crisis that started in 2008. The 12.5% fall in global trade in 2009 is explained by several factors: the collapse in demand, the drying up of trade finance, a larger fall in demand for highly traded goods (such as machinery and transport equipment) relative to less traded goods and services, and the vertically integrated nature of global supply chains... more »
