The OECD initiative on “New Approaches to Economic Challenges” (NAEC)  is both an organisation-wide reflection on the roots of and lessons from the global crisis, and an exercise to review and update the OECD’s analytical framework. 

Launched at the 2012 OECD Ministerial Council Meeting (MCM), NAEC seeks to incorporate multidimensionality into policy design, by helping countries identify trade-offs, complementarities and unintended consequences of policy choices, and as a result improve and better target the OECD’s policy advice. It also analyses the factors that prevented authorities from identifying and addressing the accumulated tensions, regulatory failures and global imbalances that facilitated the crisis.

The NAEC work programme identifies specific projects, with several streams of work each, which will encompass critical dimensions of the initiative (see Figure). The projects fall under the following three categories:‌‌

• Reflection and horizon scanning

• Policy trade-offs and complementarities

• Institutions and governance‌

Contact: Should you have any questions or queries, please contact naec@oecd.org.

‌‌‌‌‌‌‌‌