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International Regulatory Co-operation

The Role of International Organisations in Fostering Better Rules of Globalisation

image of International Regulatory Co-operation

Borders are becoming increasingly porous, with growing flows of goods, services, people and capital. Governments, more than ever, need to co-ordinate their efforts to develop global standards to address climate change, as well as crises related to finance, health, environment and migration; secure peace; and ensure sustainable economic prosperity and social inclusion. International organisations play a key role in fostering multilateral action and addressing the fragmentation that may undermine effective domestic action. To shed greater light on international standard setting, this unique report collects, compares and assesses the practices of 50 international organisations on their governance arrangements, operational modalities, use of quality management disciplines and co-operation efforts. It analyses different types of organisations – inter-governmental, supra-national, trans-governmental and private – and identifies avenues for making their action more effective, inclusive and relevant.

 

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Organisation for Economic Co-operation and Development (OECD)

“The aims of the Organisation shall be to promote policies designed:

a) to achieve the highest sustainable economic growth and employment and a rising standard of living in member countries, while maintaining financial stability, and thus to contribute to the development of the world economy;

b) to contribute to sound economic expansion in Member as well as non-member countries in the process of economic development; and

c) to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations.” (Article 1 of the OECD Convention)

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