Peer Review › 1st OECD-Southeast Asia Regional Forum: Jakarta 2007
Policy makers from Southeast Asian and OECD countries met in Jakarta on 23-24 January 2007 for the "First OECD-Southeast Asia Regional Forum".
This event, organised by the OECD, hosted by the Indonesian government, and held in co-operation with ASEAN Secretariat and Asian Development Bank, was designed as a kick-off for further discussions and closer co-operation between the countries in the region and the 30 member countries of the OECD.
With a view to providing direction for policy reform and enhanced international co-operation, the role and utility of the peer review mechanism were discussed.
The peer review mechanism - the assessment of the policies and performances of a country by other countries - is a fundamental feature of the OECD’s traditional working methods. It is a tried and tested instrument to help OECD countries improve policy making, adopt good practices and generate agreed standards and principles.
Under the OECD system, participating countries review each other’s policies and performance and monitor implementation of and compliance with agreed measures. Where countries fall short, they come under pressure from their peers to take action to meet requirements.
OECD Countries have extensive experience in conducting peer reviews in policy areas that may be relevant to Southeast Asian governments, from economic policy and competition policy to regulatory reform, foreign investment and corporate governance.
As a method of international co-operation, peer review has become increasingly popular in recent years. Its scope has expanded rapidly in terms of policy areas reviewed and the number of organisations involved.
Given this background, the First OECD-Southeast Asia Regional Forum sought to draw lessons from multilateral and regional experiences on peer reviews.
For more information on the forum, please contact Mr Kensuke Tanaka: email@example.com.