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

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  • Judith Clifton
  • Daniel Díaz-Fuentes

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.

Suggested Citation

  • Judith Clifton & Daniel Díaz-Fuentes, 2014. "Is the Organisation for Economic Co-operation and Development Ready for China?," Emerging Markets Finance and Trade, Taylor & Francis Journals, vol. 50(S6), pages 21-36, November.
    • Handle: RePEc:mes:emfitr:v:50:y:2014:i:s6:p:21-36
    DOI: 10.1080/1540496X.2014.1013842
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