A partnership of convenience. The OECD and the G20 as control rooms for global policy

Abstrakt: The objective of this paper is to examine the relationship between the Organization for Economic Co-operation and Development (OECD), as an international economic organization, and the G20, which in 2009, after the summits in London and Pittsburgh, was proclaimed the main forum for regulation of international economic and financial policies. The first section will provide an overview of their development and examine the main features of the OECD as a ‘Cinderella’ organization, which since the late 1990s has found its niche, and the G20, referred to by its critics as a ‘talk shop,’ transforming itself from an anti-crisis facility to a global steering committee. The next part will investigate the asymmetric but mutually beneficial relationship between the OECD and the G20, and explain the rationale for the growing interdependence between these bodies using the tripartite bonds model. The last part will contain concluding remarks and draw an overall picture of this ‘partnership of convenience’.

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