The work of the Economics Department relates to issues of both a macroeconomic and a structural character, and in particular on the interaction between structural and macroeconomic policies and developments.
There are two models for an Economic Assessment: either it provides an analysis of the main drivers of growth and the major impediments to sustained growth or it gives a focus on the broad government strategy for growth, assessing the appropriateness of policy against the background of OECD experience.
The starting point for the Economic Assessment is a draft prepared by the Economics Department. This draft is then discussed by the Economic and Development Review Committee, which is made up of delegates from the 30 member countries and the European Commission, and representatives of the country under study. The Assessment is modified following the Committee’s discussion and issued under the responsibility of the Secretary-General.
The agreed set of countries for which Economic Assessments are being prepared (and their expected dates of publication) comprises Ukraine (September 2007), South Africa (June 2008) and Indonesia (July 2008).