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The theme of this year's Report is “Trade in a Globalizing World”. The Report provides a reminder of what we know about the gains from international trade and highlights the challenges arising from higher levels of integration. It addresses a range of interlinking questions, starting with a consideration of what constitutes globalization, what drives it, what benefits does it bring, what challenges does it pose and what role does trade play in this world of ever-growing inter-dependency.

The Report asks why some countries have managed to take advantage of falling trade costs and greater policy-driven trading opportunities while others have remained largely outside international commercial relations. It also considers who the winners and losers are from trade and what complementary action is needed from policy-makers to secure the benefits of trade for society at large. In examining these complex and multi-faceted questions, the Report reviews both the theoretical gains from trade and empirical evidence that can help to answer these questions.

Download pdf:

> Complete report (204 pages; 2246KB)

> DG Foreword (2 pages; 102KB)

> Contents and abbreviations (6 pages; 112KB)

> Acknowledgements and disclaimer (2 pages; 90KB)

> Executive Summary (14 pages; 299KB)

I- The trade situation in 2007

> A. Introduction (2 pages; 108KB)

> B. Real merchandise trade and output developments (10 pages; 198B)

II- Trade in a globalizing world

> A. Introduction (1 page; 90KB)

> B. Globalization and trade (12 pages; 207KB)

> C. The causes of trade (54 pages; 699KB)

> D. Trade, the location of production and the industrial organization of firms (42 pages; 530KB)

> E. Distributional consequences of trade (24 pages; 372KB)

> F. Policy implications of global integration and the WTO (16 pages; 264KB)

> Bibliography (12 pages; 263KB)

> Technical notes (4 pages; 101KB)

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