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International Regulatory Co-operation and International Organisations

The Cases of the OECD and the IMO

image of International Regulatory Co-operation and International Organisations

The world is witnessing the progressive emergence of an open, dynamic, globalised economy, and the intensification of global challenges such as systemic risks, environmental protection, human health or safety. Against this background, governments are increasingly seeking to ensure greater co-ordination on regulatory objectives, processes and enforcement and to eliminate unnecessary regulatory divergences and redundancies. International regulatory co-operation (IRC) represents a critical opportunity to foster sustainable and inclusive growth through lower barriers to international flows and better rules of the game for all. It is real but remains largely untapped. This publication presents findings and two case studies from an April 2014 meeting on the role of international organisations in IRC, as well as a contribution from K. W. Abbott, on International organisations and international regulatory co-operation: Exploring the links.

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International organisations and international regulatory co-operation: Exploring the links

This chapter outlines recent trends in international regulatory co-operation (IRC), the roles that international organisations (IOs) play in IRC, and how the effects of IO involvement might be assessed. The trends are clear and striking. However, we know far too little about the roles of IOs and their effects, both crucial issues. The OECD project on international regulatory co-operation, with the collaboration of participating IOs, can thus make a valuable contribution, producing better information and analytical insights, allowing IOs to improve their procedures, and helping states to reap the benefits of regulatory co-operation. This chapter accordingly concludes with preliminary thoughts on questions and approaches the project might explore.

English

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