Is the Organisation for Economic Co-operation and Development Ready for China?

Abstract:

The re-emergence of China as a global economic power has intensified calls for the urgent reform of Western-dominated international organizations. We evaluate efforts by the Organisation for Economic Co-operation and Development (OECD) to adapt to the challenge of China. From the first decade of the 2000s, the OECD has undertaken reforms to boost its significance as a key policy actor in the global economy. Part of this effort involves bringing China closer to the organization. To date, only limited progress has been made. We set out three bold policy reforms the OECD could implement that would deepen the OECD’s relationship with China as well as with other emerging economies.

Key Words::

• China
• emerging economies
• OECD
• shifting wealth
• world economy

Additional information

Notes on contributors

Judith Clifton

Judith Clifton ([email protected]), corresponding author, is a professor of economics in the Departamento de Economía at Universidad de Cantabria, Cantabria, Spain, and visiting research fellow at Cornell University. Daniel Díaz-Fuentes ([email protected]) is a professor of economics in the Departamento de Economía at Universidad de Cantabria, Cantabria, Spain, and visiting research fellow at Cornell University.

Daniel Díaz-Fuentes

Judith Clifton ([email protected]), corresponding author, is a professor of economics in the Departamento de Economía at Universidad de Cantabria, Cantabria, Spain, and visiting research fellow at Cornell University. Daniel Díaz-Fuentes ([email protected]) is a professor of economics in the Departamento de Economía at Universidad de Cantabria, Cantabria, Spain, and visiting research fellow at Cornell University.