The OECD and Economic Governance: Invisibility and Impotence?

Research output: Chapter in Book/Report/Conference proceedingChapter

2 Citations (Scopus)

Abstract

Chapter 3 sketches the OECD's role in economic governance, in particular the pursuit of its obligation to promote policies which maximize economic growth. While the OECD's work in the economic field evolves, its mechanisms of economic governance have barely altered. Richard Woodward argues that the OECD exerts 'subtle discipline' over the trajectory of economic governance through the use of its soft law mechanisms such as surveillance and peer review. These mechanisms can lead to convergence in national policies and, occasionally, outbreaks of international policy coordination. Ultimately, however, the proliferation of international mechanisms of governance and the internal politics of the OECD may be diluting its ability to shape the contours of international economic policy-making.

Original languageEnglish
Title of host publicationMechanisms of OECD Governance
Subtitle of host publicationInternational Incentives for National Policy-Making?
EditorsKerstin Martens, Anja P. Jakobi
PublisherOxford University Press
ISBN (Electronic)978-0-1915-9460-1
ISBN (Print)978-0-1995-9114-5
DOIs
Publication statusPublished - 9 Sep 2010
Externally publishedYes

Keywords

  • Economic and development review committee
  • Economic policy committee
  • Economy
  • Governance
  • Group of 7/8
  • OECD
  • Peer review
  • Soft law
  • Transgovernmentalism

ASJC Scopus subject areas

  • Social Sciences(all)

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  • Activities

    • 1 Participation in workshop, seminar, course

    Mechanisms of OECD Governance Workshop: International Incentives for National Policymaking?

    Richard Woodward (Invited Speaker)
    21 Sep 2007

    Activity: Participating in or organising an eventParticipation in workshop, seminar, course

    Cite this

    Woodward, R. (2010). The OECD and Economic Governance: Invisibility and Impotence? In K. Martens, & A. P. Jakobi (Eds.), Mechanisms of OECD Governance: International Incentives for National Policy-Making? Oxford University Press. https://doi.org/10.1093/acprof:oso/9780199591145.003.0003