New Approaches to Economic Challenges - Objectives




 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.


The NAEC Group

A multi-stakeholder working group, chaired by the OECD Secretary-General, provides a platform to discuss the substance of the initiative and the draft papers developed by the Secretariat. The group is comprised of representatives from OECD Member and Partner countries, relevant OECD policy committees, as well as the Business and Industry Advisory (BIAC) and Trade Union Advisory (TUAC) Committees to the OECD.



NAEC strip

Full Reports 

MCM 2014 - NAEC Synthesis 

MCM 2014 - NAEC Executive Summary 


MCM 2013 – NAEC 
Interim Report

MCM 2012 - NAEC Framework 



Related Documents


NAEC homepage