The Future of Foreign Trade Support: Setting Global Standards for Export Credit and Political Risk Insurance
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About this ebook
Creating growth through trade is an important part of the policy approach of many economies. For decades, many member countries of the Organisation for Economic Co-operation and Development (OECD) have cooperated in a fair competition for the benefit of their national exporters. The countries’ official export credit agencies (ECAs) have established and jointly improved rules and regulations for export credit and political risk insurance. However, new players such as China, Russia or other fast developing countries have now joined the list of top exporting nations. As these countries have established their own ECAs, there is a need to introduce rules and regulations on global standards for financial terms as well as truly international norms ensuring ‘ethical’ trading behaviour. But how will government support for foreign trade look like in the future? Will global standards for export credit and political risk insurance become reality by 2020? And how will strict rules and regulations for officially supported export credits and FDI regarding ethics, human rights and the environment impact growth through trade in general, or exporters in particular?
These are questions addressed by the thirty eight contributions to Global Policy’s third eBook entitled ‘The Future of Foreign Trade Support – Setting Global Standards for Export Credit and Political Risk Insurance’, guest edited by Andreas Klasen (Honorary Fellow in the Global Policy Institute at Durham University and Head of PwC’s Economics & Policy Practice) as well as Fiona Bannert (Senior Consultant at PwC’s Economics & Policy Practice).
Global Policy
Global Policy is an innovative and interdisciplinary journal bringing together world class academics and leading practitioners to analyse both public and private solutions to global problems and issues. It focuses on understanding globally relevant risks and collective action problems; policy challenges that have global impact; and competing and converging discourses about global risks and policy responses. It also includes case studies of policy with clear lessons for other countries and regions; how policy responses, politics and institutions interrelate at the global level; and the conceptual, theoretical and methodological innovations needed to explain and develop policy in these areas.Global Policy will be invaluable to those working in economics, global politics, government, international law, international relations, international political economy, and many other disciplines that contribute to developing global policy. The journal is also designed to inform and engage senior policymakers, private and public corporations, non-governmental organisations, and international bodies. The overall objective is to stimulate deep policy learning, relevant for the academy and for governments and key non-governmental players.Global Policy's Editorial Board comprises a distinguished panel of academics who are supported by an International Advisory Board and a Practitioners' Advisory Board of experts from around the world to ensure the focus remains on pressing and relevant global issues. Global Policy is based at Durham University.
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