World News – UA – Rich nations of the world jostle to lead the OECD, the clubhouse of globalization

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William Horobin | Bloomberg
Last updated on October 29, 2020 00:40 IST

The race for a central role in global economic policymaking is turning into a new battleground for the future of globalization

Angel Gurria retires next year as secretary general of the Paris-based Organization for Economic Co-operation and Development, and Washington nominates US President Donald Trump’s Deputy Chief of Staff Christopher Liddell as successor

The OECD acts as an auditor of globalization, shaping policy and setting standards in areas ranging from taxation to trade and education It is currently leading controversial negotiations on digital taxes which are on the verge of imploding in a transatlantic trade war Liddell faces competition from European candidates on the other side of this issue, including former EU trade commissioner Cecilia Malmstrom

Member countries have until November 1 deadline to present a candidate Wednesday, Switzerland appointed Philipp Hildebrand de Blackrock, former head of the country’s central bank

« It is the largest multilateral organization that most people have never heard of, » said Daniel F Runde, senior vice president of the Center for Strategic and International Studies « The OECD sets the rules for globalization from the Marquis of Queensberry, » he said, referring to the standards of modern boxing

The organization was formally established in 1961 when the US and Canada joined what was originally a European group leading the Marshall Plan after World War II Although it is still predominantly European, it has become a global forum

Under Gurria’s leadership for 15 years, it has expanded further and played a more proactive role, including spearheading a crackdown on tax havens after the financial crisis and working more closely with large non-members China and India.

« Gurria has been the architect of the development of the OECD, » said Françoise Nicolas, senior researcher at the French Institute of International Relations “When he got there he didn’t have the same aura; it was a mysterious and unstable place « documentwrite ( » « ); googletagcmdpush (function () {googletagdefineOutOfPageSlot ( ‘/ 6516239 / outofpage_1x1_desktop’, ‘div-gpt-ad-1490771277198-0’) addService (googletagpubads ()); googletagpubades () enableSyncRendering (); googletagenableServices ();});

John Llewelyn, who has held various positions at the OECD for almost 20 years, says the key to the role is a careful balance between pushing member states and preserving the organization’s analytical neutrality

« It’s not an easy job to complete because you really want to be an intellectual leader to some extent, but the secretariat has to be like the pilot fish with the whale: in front but not too much in front, » Llewelyn said. / p>

Gurria’s replacement will secure a seat at the top of the Group of 20’s global political negotiations, supported by a team of more than 3,000 economists, lawyers and scientists operating from Château de la Muette in western Paris

Final decision on candidates will be made by March 1, after closed-door interviews and “confidential consultations” between ambassadors to the OECD

The 52-year-old Swedish politician touts her experience in multilateral negotiations as EU Trade Commissioner In this role, she worked closely on deals with Canada, Japan and the Mercosur trade bloc, as well as the dispute with the US She said the OECD must tackle climate change, digital taxation and advocate for the « good aspects of globalization » If successful, Malmstrom would be the first woman to lead the OECD and the first European for more than two decades

Malmstrom isn’t the only European woman vying Kaljulaid, Estonia’s first-ever female president, says she can bring the experience of a country in transition to democracy to build one of the most advanced societies digitally with top education system The 50-year-old said in an interview with Bloomberg News that taxing tech giants is « just the first step » and that the OECD needs to address on the broader question of how companies can deliver public services when people move and sell their work globally

The Canadian government is proposing its former finance minister as consensus agent on key topics like digital taxation Morneau, who resigned in August due to his interest in the role of the OECD, has G-20 experience and from the G-7, the IMF and the World Bank After announcing his candidacy at the end of September, the 58-year-old traveled to Paris to spend several weeks meeting ambassadors Convincing delegates that he should be the next secretary general can be tricky, as Gurria’s predecessor at the head of the OECD, Donald Johnston, was also a Canadian.

Czech Chamber of Commerce chief Dlouhy, 67, calls on OECD to stick to a limited set of priorities and wants it to listen more to its members The Czech government says its stint as minister in the country’s first post-communist government allowed him to gain experience in managing the complex transitions that advanced economies will have to undergo as a result of the Covid crisis.He also claims this appointment would help address the under-representation of the Central Europe in international institutions

Australia’s longest-serving finance minister could be a compromise candidate for Europe and the Belgian-born 50-year-old US Cormann is a pro-market, pro-small-government Christian conservative who claims the fact witnessing the fall of the Berlin Wall was a key influence in his political development As a native German speaker, Cormann is also fluent in French, an official language of the Paris-based organization, as well as English Australian Prime Minister Scott Morrison said Cormann would provide « a voice from the Asia-Pacific region, which will increasingly be the center of the global economy » Famous for his Teutonic accent in Australia, Cormann strangely imitates « I’ll be from return of « Arnold Schwarzenegger in The Terminator

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News from the world – AU – The rich nations of the world jostle to lead the OECD, the clubhouse of globalization



SOURCE: https://www.w24news.com/news/world-news-ua-rich-nations-of-the-world-jostle-to-lead-the-oecd-the-clubhouse-of-globalization/?remotepost=479581

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