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

Judith Clifton and Daniel Díaz-Fuentes

Emerging Markets Finance and Trade, 2014, vol. 50, issue S6, 21-36

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.

Date: 2014
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DOI: 10.1080/1540496X.2014.1013842

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