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From ‘Club of the Rich’ to ‘Globalisation à la carte’? Evaluating Reform at the OECD

Author

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  • Clifton, Judith
  • Díaz-Fuentes, Daniel

Abstract

Recognising the declining weight of its members in the world economy, the OECD, formerly known as a ‘club of rich, industrialised nations’, is undergoing unprecedented organisational reform, including a more inclusive membership logic, engagement with new global players, and outreach to developing countries, all with a view to guaranteeing its continued relevance as a central actor in the task of global policy provision. Using the concepts of global public goods, clubs and models of multilateralism, this article critically evaluates the successes and limits of the OECD’s reform, arguing that it is adopting a restrictive approach to expansion – globalisation ‘ à la carte’. Meaningful reform towards greater inclusion is apparent in the way research on nonmembers has been mainstreamed, and in its increased work both with emerging powers and with developing countries. Limits to reform are found in institutional rigidities including its overrepresentation of Europe and underrepresentation of Asia and other continents, reflected through staff profiles and membership. These biases may in turn reduce its attractiveness as a global forum to new players, particularly China.

Suggested Citation

  • Clifton, Judith & Díaz-Fuentes, Daniel, 2011. "From ‘Club of the Rich’ to ‘Globalisation à la carte’? Evaluating Reform at the OECD," MPRA Paper 33053, University Library of Munich, Germany.
  • Handle: RePEc:pra:mprapa:33053
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    File URL: https://mpra.ub.uni-muenchen.de/33053/1/MPRA_paper_33053.pdf
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    References listed on IDEAS

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    1. Baldwin, Robert E., 2008. "One Economics, Many Recipes: Globalization, Institutions, and Economic Growth by Dani Rodrik Princeton, NJ: Princeton University Press, 2007," World Trade Review, Cambridge University Press, vol. 7(03), pages 573-575, July.
    2. Kaul, Inge & Conceicao, Pedro & Le Goulven, Katell & Mendoza, Ronald U. (ed.), 2003. "Providing Global Public Goods: Managing Globalization," OUP Catalogue, Oxford University Press, number 9780195157413.
    3. Kaul, Inge & Grunberg, Isabelle & Stern, Marc (ed.), 1999. "Global Public Goods: International Cooperation in the 21st Century," OUP Catalogue, Oxford University Press, number 9780195130522.
    4. Diebold, William, 1963. "Economic Aspects of an Atlantic Community," International Organization, Cambridge University Press, vol. 17(03), pages 663-682, June.
    5. José R. Sánchez-Fung, 2008. "One Economics, Many Recipes: Globalization, Institutions and Economic Growth," Indian Growth and Development Review, Emerald Group Publishing, vol. 1(2), pages 252-256, September.
    6. 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.
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    Cited by:

    1. Judith Clifton & Daniel Díaz‐Fuentes & Marcos Fernández‐Gutiérrez & Julio Revuelta, 2011. "Is Market‐Oriented Reform Producing A ‘Two‐Track’ Europe? Evidence From Electricity And Telecommunications," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 82(4), pages 495-513, December.

    More about this item

    Keywords

    OECD; Globalisation; Club Goods; Global public Goods; Models of Multilateralism. Developing Countries. BRIC;

    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

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