New Approaches to Economic Challenges - Objectives and Timeline

 

 

 

 With the proposed work programme, NAEC aims to:

 

  • Improve the understanding of the complex and interconnected nature of the global economy, identify synergies (e.g. between growth, inequality, stability and the environment) and better ways to cope with policy trade-offs. In this context, NAEC will examine how global trends may evolve in the longer term and the challenges they may pose to policy objectives;

  • Recognise the importance of economic growth as a means, but not as an end, of policy-making. This implies a broader definition of well-being and developing policy outcomes that combine strong economic growth with improvements in outcomes that matter for people’s quality of life (e.g. good health, employment, etc.);

  • Identify areas where OECD analytical frameworks need to be adjusted or complemented; and examine the potential for mainstreaming new economic data, tools and approaches (e.g. behavioural economics); and

  • Enable governments to identify, prioritise and combine reforms to support sustainable, inclusive growth. This has a bearing on the implementation challenge that is an analytical area of its own, but also on the other NAEC pillars. To diminish the implementation gaps and build the right framework for economies to flourish, it is important that governments upgrade their regulatory and institutional capacities.

 


NAEC Timeline

 

NAEC is an initiative with concrete deliverables, but also a journey that is expected to foster a continuous reflection process and improvement in OECD frameworks and policy advice in the long term. Work under NAEC got underway in 2013 and a first Synthesis of results was presented at the 2014 Council Meeting at Ministerial Level.  

[Update to Council - September 2014] [Slides]

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NAEC strip


Full Reports 

MCM 2014 - NAEC Synthesis 


MCM 2014 - NAEC Executive Summary 


 

MCM 2013 – NAEC 
Interim Report



MCM 2012 - NAEC Framework 
Paper

 

 

Related Documents

 

NAEC homepage

 

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