This launch event provided an opportunity for policy makers and other stakeholders to share views on the relevance of the OECD Recommendation on the Social and Solidarity Economy and Social Innovation; discuss priorities and opportunities towards effective implementation of its nine building blocks and also explore ways to use it as a strong lever to foster international recognition and global understanding of the social economy.
The Recommendation on Social and Solidarity Economy and Social Innovation was adopted by the OECD Council at Ministerial level on 10 June 2022 on the proposal of the Local Employment and Economic Development Committee (LEED).
The Recommendation promotes the social economy’s potential to pioneer new business models, provide essential services, contribute to a fairer, green and digital transition, engage youth, and build communities. It recognises the diversity of practice and the need for policy tools applicable to a range of country contexts and varying degrees of development of the social economy. The social economy is typically made up of organisations such as associations, cooperatives, foundations, mutual societies and social enterprises.
This Recommendation is timely given the prominent role of the social economy in addressing pressing challenges such as COVID-19 or supporting Ukrainian refugees and, looking ahead, in building long-term resilience.
The Recommendation is built around nine building blocks that provide the conditions for the social economy to thrive and help address challenges that affect, to a greater or lesser extent, social economy ecosystems at international, national and local level in any context. The nine building blocks capitalise on more than two decades of OECD work on the social economy and the guidance provided in OECD/EU Better Entrepreneurship Policy Tool, which is now being used to review social economy frameworks in OECD Member countries, EU Member states, and beyond.