The Organisation for Economic Co-operation and Development (OECD) recently presented its Strategy for Development, which will be adopted at the OCED Council in January 2012. It is a concise outline of the OECD's framework for a broader development strategy that OECD countries can follow. It summarizes the broader approach to development as laid out in the vision statement for the OECD 50th Anniversary Council Meeting.
The framework aims to leverage the OECD's strengths and contribute to the United Nations' Millennium Development Goals (MDGs) up to and beyond 2015. It also holds stakeholders accountable to the OECD's high standards of public policy backed by evidence-based analyses, policy dialogue and peer learning. I believe these three criteria will be increasingly important as both public and private sectors scale up sustainability development.
The OECD would take a broader approach and expand knowledge sharing and mutual accountability beyond its membership based on the idea that an open and inclusive OECD would have great impact with collective benefits. A direct goal of this more inclusive approach would be to support a wider range of developing countries in identifying, assessing and implementing more effective policies that foster strong governance. The more inclusive approach could also lead to a more level playing field between OECD and non-OECD countries.
The broader and more inclusive approach would better integrate diverse perspectives and ignite fresh thinking as well, and create opportunities for more progressive and innovative solutions to long existing challenges. The resulting solutions would be built on the improved sharing of expertise and lessons learned from decades of experiences in development co-operations. A broad approach would also leverage policies, practices and instruments providing countries with a more coherent strategy for development based in part by the use of more standardized tools and by stepped up evidence-based analysis.
With this new approach, OECD hopes to: 1) strengthen its response to demands and needs from emerging and developing countries; 2) to add core competencies and value to the work of other regional and international organizations and donors, and 3) to leverage its multi-disciplinary expertise. The OECD will apply these criteria to the following strategic areas of work:
- Innovative and sustainable sources of growth
- Mobilization of resources for development
- Governance for development
- Measuring progress for development
Other elements of the strategy framework include prioritizing the concerns of developing countries, enhancing dialogue with key stakeholders, and upgrading the OECD's knowledge and skills.
I applaud the OECD's new approach. But I also wonder if such a large, bureaucratic organization can effectively and successfully shift to such a broad and all encompassing model.
Question for consideration
How would the OECD approach affect (or not) the cotton industry?