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The OECD and phases in the international political economy, 1961-2011
Review of International Political Economy (2011)
  • Judith Clifton
  • Daniel Díaz-Fuentes
Abstract

In 2011, the OECD turned fifty. To provide a broad foundation for further thinking on this organization, we analyse its evolution over half a century from two perspectives: phases in the international political economy and the literature on IPE. By so doing, we uncover two paradoxes. Firstly, we find that the organization’s evolution closely mirrored major phases in the postwar international political economy until recently. However, the OECD’s long-term dependence on theWest has now become an obstacle to its efforts to adapt to the latest phase, characterised by the rise of non-Western powers. Secondly, we show that, during the OECD’s “golden age”, scholars paid relatively little attention to the organization but, from the 2000s, as the organization faced an unprecedented challenge of its potential economic decline, IPE literature on the organization blossomed.

Keywords
  • OECD,
  • international political economy
Publication Date
Winter December 1, 2011
Citation Information
Judith Clifton and Daniel Díaz-Fuentes. "The OECD and phases in the international political economy, 1961-2011" Review of International Political Economy Vol. 18 Iss. 5 (2011)
Available at: http://works.bepress.com/j_clifton/8/