International Regulatory Co-operation: a report by the OECD

On November 02, 2016 the OECD published a report concerning the governance and the action of International organizations (IOs): “International Regulatory Co-operation. The Role of International Organisations in Fostering Better Rules of Globalisation“.

Globalization fuelled the need for national governments to co-operate in order to address successfully great challenges that transcend national borders, such as climate change, health epidemics, tax evasion, terrorism and economic crisis. IOs promote multilateral action and help overcoming the fragmentation that may undermine effective domestic action. Thus, International Regulatory Co-operation (IRC) is an important element for good regulation, as stated in the 2012 OECD Recommendation on Regulatory Policy and Governance. The report’s aim is to provide evidence on the impact of IOs on IRC and on the relevance of their action. It is based on a survey made by the OECD in 2015 and it collects information on 50 IOs.

The OECD analyses different types of organizations, showing some common features of IOs involved in rule-making activities and identifying a number of issues that could be the object of further work. To improve IO co-operation and strengthen global standard, it is recommended to work on the following: the evaluation of IO instruments, the practices of stakeholders engagement, and the opportunities for co-ordination across IOs.

(Eleonora Cavalieri)