The reflection on new economic thinking has evolved over the past six years in academic and wider civil society circles in the context of the crisis. A fundamental element for the long-term success and lasting impact of the project on New Approaches to Economic Challenges (NAEC) is an ongoing dialogue with internal and external stakeholders that informs the process and therefore helps the OECD rethink its policy paradigm. This engagement has taken place since the start of the project (and even prior to the formal launch) through a number of channels:
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.
A series of NAEC Seminars informs and discusses on the outcomes of NAEC Projects and discusses new tools and approaches with external speakers, many from academia.
A range of events have taken place since the start of the project with representatives from academia, think tanks, international civil society organisation (CSOs), business and trade unions from OECD Member countries and many Partner countries. Examples range from events with the Institute for New Economic Thinking, the Global Economic Symposium, the Observer Research Foundation, and the International Civil Society Centre to regular engagement with BIAC and TUAC.
The Institute of New Economic Thinking (INET)
We have a long-lasting cooperation with the INET.
We invited two INET representatives to make a presentation at the OECD in the context of the NAEC initiative:
- Mr. Eric Beinhocker gave a presentation on "New Economics and Public Policy" at the OECD Headquarters on 28 November 2012.
- Mr. Sony Kapoor gave a presentation on "Getting out of the Euro Crisis" on 11 December 2013.
In addition, we were asked to present the NAEC initiative at the INET Conference on "Changing of the Guard?", in conjunction with the Fung Global Institute and the Centre for International Governance Innovation (CIGI) on April 4 – 7, 2013 in Hong Kong.