Author ORCID Identifier
Document Type
Book Chapter
Disciplines
Economics, Political science, public administration, Social sciences
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.
DOI
https://doi.org/10.1093/acprof:oso/9780199591145.003.0003
Recommended Citation
Woodward, R. (2010) ‘The OECD and Economic Governance: Invisibility and Impotence?’, in K.Martens and A.P.Jakobi (eds.), Mechanisms of OECD Governance: International Incentives for National Policy Making?, Oxford: Oxford University Press, pp. 53-74. DOI: 10.1093/acprof:oso/9780199591145.003.0003
Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.
Included in
Economic Policy Commons, International Economics Commons, International Relations Commons, Political Economy Commons, Public Policy Commons
Publication Details
This is a pre-copyedited, author-produced version of an article accepted for publication in Mechanisms of OECD Governance: International Incentives for National Policy Making? following peer review. The version of record - Woodward, R. (2010) ‘The OECD and Economic Governance: Invisibility and Impotence?’, in K.Martens and A.P.Jakobi (eds.), Mechanisms of OECD Governance: International Incentives for National Policy Making?, Oxford: Oxford University Press, pp. 53-74. - is available online at: https://academic.oup.com/book/7416/chapter-abstract/152273753?redirectedFrom=fulltext and https://doi.org/10.1093/acprof:oso/9780199591145.003.0003.