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La Nueva Política Económica de la OCDE ante el cambio en la Economía Mundial
[The New Political Economy of the OECD in a context of Shifting World Wealth]

Author

Listed:
  • Clifton, Judith
  • Díaz-Fuentes, Daniel

Abstract

For decades, the OECD constituted an economic and political "club" of Western countries focused around the transatlantic axis. Today, it faces unprecedented challenges as the world economy shifts to the East and the South. In response, the OECD is undergoing meaningful reform: it is becoming more inclusive by broadening out membership, whilst taking a more open-minded approach to policy, recognising there are more ways to economic growth than the "OECD way". The OECD needs to engage the new economic players, but do they really need the OECD? Using primary data, official documents, semi-structured interviews with high officials and secondary sources, this paper evaluates the prospective roles the organization could play in international economic governance at the beginning of the twenty-first century.

Suggested Citation

  • Clifton, Judith & Díaz-Fuentes, Daniel, 2011. "La Nueva Política Económica de la OCDE ante el cambio en la Economía Mundial [The New Political Economy of the OECD in a context of Shifting World Wealth]," MPRA Paper 33010, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:33010
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    File URL: https://mpra.ub.uni-muenchen.de/33043/1/MPRA_paper_33043.pdf
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    References listed on IDEAS

    as
    1. Judith Clifton & Daniel Díaz-Fuentes, 2011. "The European Union, Southern Multinationals and the Question of the ‘Strategic Industries’," Palgrave Macmillan Books, in: Louis Brennan (ed.), The Emergence of Southern Multinationals, chapter 12, pages 226-241, Palgrave Macmillan.
    2. Michele Fratianni & John Pattison, 1982. "The Economics Of International Organizations," Kyklos, Wiley Blackwell, vol. 35(2), pages 244-262, May.
    3. Ha-Joon Chang & Ilene Grabel, 2004. "Reclaiming development from the Washington consensus," Journal of Post Keynesian Economics, Taylor & Francis Journals, vol. 27(2), pages 273-291.
    4. Cornes,Richard & Sandler,Todd, 1996. "The Theory of Externalities, Public Goods, and Club Goods," Cambridge Books, Cambridge University Press, number 9780521477185.
    5. Diebold, William, 1963. "Economic Aspects of an Atlantic Community," International Organization, Cambridge University Press, vol. 17(3), pages 663-682, January.
    6. Michele Fratianni & John Pattison, 2001. "International Organisations in a World of Regional Trade Agreements: Lessons from Club Theory," The World Economy, Wiley Blackwell, vol. 24(3), pages 333-358, March.
    7. M.L. Varma, 1984. "World Economy," Foreign Trade Review, , vol. 19(2), pages 347-353, July.
    8. Fratianni, Michele & Pattison, John, 1982. "The Economics of International Organizations," Kyklos, Wiley Blackwell, vol. 35(2), pages 244-262.
    9. Fratianni, Michele & Pattison, John C., 1976. "The economics of the OECD," Carnegie-Rochester Conference Series on Public Policy, Elsevier, vol. 4(1), pages 75-140, January.
    10. Meltzer, Ronald I., 1976. "The politics of policy reversal: the US response to granting trade preferences to developing countries and linkages between international organizations and national policy making," International Organization, Cambridge University Press, vol. 30(4), pages 649-668, October.
    11. Serven, Luis & Nguyen, Ha, 2010. "Global imbalances before and after the global crisis," Policy Research Working Paper Series 5354, The World Bank.
    12. Angus Maddison, 2005. "Measuring And Interpreting World Economic Performance 1500–2001," Review of Income and Wealth, International Association for Research in Income and Wealth, vol. 51(1), pages 1-35, March.
    Full references (including those not matched with items on IDEAS)

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    Cited by:

    1. Judith CLIFTON & Daniel DÍAZ-FUENTES & JULIO REVUELTA, 2013. "Explaining Infrastructure Investment Decisions at the European Investment Bank 1958-2004," Departmental Working Papers 2013-06, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.

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    More about this item

    Keywords

    Organization for Economic Cooperation and Development (OECD); Clubs; International Economic Order; International Organizations; International Political Economy; International Public Goods;
    All these keywords.

    JEL classification:

    • D73 - Microeconomics - - Analysis of Collective Decision-Making - - - Bureaucracy; Administrative Processes in Public Organizations; Corruption
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations
    • H87 - Public Economics - - Miscellaneous Issues - - - International Fiscal Issues; International Public Goods
    • F02 - International Economics - - General - - - International Economic Order and Integration
    • F59 - International Economics - - International Relations, National Security, and International Political Economy - - - Other
    • F53 - International Economics - - International Relations, National Security, and International Political Economy - - - International Agreements and Observance; International Organizations
    • O19 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - International Linkages to Development; Role of International Organizations

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