1. OECD Short-term Economic Statistics Working Party (STESWP)
Agenda item: 9 SHORT-TERM ECONOMIC STATISTICS IN LARGE EMERGING AND OTHER NMEs, THEIR COMPARABILITY AND IMPLICATIONS ON USER NEEDS ARISING FROM GLOBALISATION
OECD Short-term Economic Statistics Working Party (STESWP)
Paris
25-27 June 2007

2. AIMS OF SESSION
Implications of outcomes of Council Meeting at Ministerial Level (MCM) held in Paris on May 2007
Brief information on future processes for OECD enlargement & enhanced engagement
Brief overview of current OECD data collection in NMEs (DB)
National presentations on recent developments on short-term economic statistics (STES) in Brazil, China, Russian Federation, Chile
Discussions on future evolution of STES in NMEs, their comparability, Member country initiatives on globalisation, etc

3. Two broad interrelated elements:
2007 MCM THEMES
“Innovation: Advancing the OECD Agenda for Growth and Equity”
Two broad interrelated elements:
Globalisation, growth and equity
Enlargement and enhanced engagement

4. GLOBALISATION (1)
Ministers agreed that globalisation is a major engine of economic growth
Called on greater OECD role in identifying policies to help ensure that benefits of globalisation are shared more widely
Recognised adjustment difficulties – job insecurity

5. GLOBALISATION (2)
Ministers also agreed on the need to provide information to the public on issues at stake based on sound data and analysis
OECD well placed to address structural economic and social policy issues from an interdisciplinary perspective; and identifying and sharing best practice
OECD response on measurement issues outlined in OLISnet document: Measuring globalisation: The way forward [STD/CSTAT/RD(2007)4]

6. MAINTAINING RELEVANCE OF OECD
OECD has grown since its inception in 1960
Policy impact and relevance necessitates expanding OECD’s global reach
Austria (1961)
Belgium (1961)
Canada (1961)
Denmark (1961)
France (1961)
Germany (1961)
Greece (1961)
Iceland (1961)
Ireland (1961)
Luxembourg (1961)
Netherlands (1961)
Norway (1961)
Portugal (1961)
Spain (1961)
Sweden (1961)
Switzerland (1961)
Turkey (1961)
United Kingdom (1961)
United States (1961)
Italy (1962)
Japan (1964)
Finland (1969)
Australia (1971)
New Zealand (1973)
Mexico (1994)
Czech Republic (1995)
Hungary (1996)
Korea (1996)
Poland (1996)
Slovak Republic (2000)

7. OECD GLOBAL REACH:

8. EMERGENCE OF LARGE EMERGING NMEs (BRIICS)
Policies of BRIICS NMEs have an increasing global impact, especially over last 5 years
OECD experience of good policy practice also of interest to them
Council considers it essential for OECD to work more closely with BRIICS NMEs

9. Consensus finally reached at May MCM
OECD ENLARGEMENT
Council consensus on new Members has been difficult to achieve – discussed widely over last 7 years
Gradually reached agreement on differentiation between Enlargement and Enhanced engagement
Consensus finally reached at May MCM

10. MCM OUTCOMES – BRIEF SUMMARY
Open accession discussions
with:
Chile
Estonia
Israel
Russian Federation
Slovenia
Invited S-G to strengthen
OECD co-operation with:
with:
Brazil
China
India
Indonesia
South Africa
through Enhanced
engagement
Should emphasize that this is
only the beginning of the
accession process outlined in
document
STD/CSTAT(2007)12
Entails: Committee
participation; economic
Surveys; adherence to
instruments; data reporting;
peer reviews

11. IMPLICATIONS FOR OECD STATISTICS STRATEGY
Outlined in: Challenges and Future Directions for OECD Statistics [STD/CSTAT/WA(2006)1
Mentioned five main areas of work requiring special attention:
further improvement of co-operation with Eurostat
a more precise evaluation of comparability issues
other global players
peer reviews
ex-post harmonisation of national data
These are the four most relevant areas for work with NMEs

12. IMPLICATIONS FOR OECD STATISTICS STRATEGY
Only minor changes required:
Further improvement of co-operation with Eurostat
Give more emphasis to development of strategic alliances with other I/Os working with 10 the NMEs – namely IMF; UNSD; UN regional bodies; World Bank
A more precise evaluation of comparability issues
No further change required
Other global players
Include specific mention of the 10 NMEs cited under enlargement & enhanced engagement
peer reviews
Intensive activity to collect data for OECD Factbook
Part of a new class of products in current PWB biennium to present statistics to a wider audience

13. IMPLICATIONS FOR OECD STATISTICS STRATEGY
Activities include:
further reductions in reporting burden;
joint data collection / dissemination platforms;
data exchange;
co-ordinated / joint meetings
Only minor changes required:
Further improvement of co-operation with Eurostat
Give more emphasis to development of strategic alliances with other I/Os working with the 10 NMEs – namely IMF; UNSD; UN regional bodies; World Bank
A more precise evaluation of comparability issues
No further change required
Other global players
Include specific mention of 10 NMEs cited under enlargement & enhanced engagement
peer reviews
Intensive activity to collect data for OECD Factbook
Part of a new class of products in current PWB biennium to present statistics to a wider audience
Essentially means more effort for BRIICS & Slovenia plus inclusion of data for Chile, Estonia and Israel

14. IMPLICATIONS FOR OECD STATISTICS STRATEGY
In light of review presented above, Statistics Strategy does not require major modification in at least
Provides sufficient overall direction to incorporate MCM outcomes

15. WHERE TO FROM HERE?
There will be some additional activities in with the 10 NMEs – Resource implications still to be evaluated
These will further intensify when outcomes of 2007 MCM are translated into PWB – This process will commence soon
Process heavily controlled by OECD Council – Require further guidance from Council and ERC

16. WHERE TO FROM HERE?
This entails guidance on:
timelines;
resource issues;
which Committees will be directly involved;
content of the individual Accession Roadmap to be used for each of the five countries.
There will be some additional activities in with the 10 NMEs – Resource implications still to be evaluated
Will further intensify when outcomes of 2007 MCM are translated into PWB – This process will commence soon
Process heavily controlled by OECD Council – Require further guidance from Council and ERC

17. Sets out specific process of accession contemplated for each country.
ACCESSION ROADMAP
Sets out specific process of accession contemplated for each country.
Is used as a basis to assess the country’s willingness and ability to assume the obligations of membership.
Are technical and procedural in nature.
Council may also wish to include separate political issues in the accession discussions with a country

18. Such a roadmap for statistics could cover:
ACCESSION ROADMAP
Such a roadmap for statistics could cover:
legislation and codes of conduct;
national statistical databases and their compatibility with OECD reporting and database systems;
availability of statistics.

19. Such a roadmap for statistics could cover:
e.g.
UN Fundamental Principles of Official Statistics;
UN Good Practices on National Official Statistics
e.g.
SDMX standards and guidelines
OECD SIS guidelines
ACCESSION ROADMAP
Such a roadmap for statistics could cover:
legislation and codes of conduct;
national statistical databases and their compatibility with OECD reporting and database systems;
availability of statistics.
e.g.
OECD Statistical Programme of Work (OSWP)
Compliance against OECD and UN statistical standards
Quality frameworks

20. RECENT ACTIONS BY CSTAT
Seven of the 10 NMEs cited by MCM already CSTAT regular observers.
Israel’s official request (on 7 December 2006) to become a regular observer approved by CSTAT;
Extending invitation to Estonia to become a regular observer also approved by CSTAT;
CSTAT endorsed extending invitation to Indonesia to attend 2008 CSTAT meeting as an ad hoc observer

21. POSSIBLE FUTURE ACTIONS BY SECRETARIAT IN LATE 2007
Identify other I/Os that currently have special relations or work programmes with the 10 NMEs.
Collect further information from OECD Member countries on existing statistical bilateral relations (data collection, technical assistance).
Use the content of the OECD Factbook as a framework to significantly expand the collection and dissemination of key statistical indicators for the 10 NMEs.

22. POSSIBLE FUTURE ACTIONS BY SECRETARIAT IN LATE 2007
Could be used to prepare proposals for CSTAT consideration on developing future assistance partnerships between the Member country – OECD – NME on narrow or broad statistical activity(ies)
Identify other I/Os that currently have special relations or work programmes with the 10 NMEs.
Collect further information from OECD Member countries on existing statistical bilateral relations (data collection, technical assistance).
Use the content of the OECD Factbook as a framework to significantly expand the collection and dissemination of key statistical indicators for the 10 NMEs.
For the 2008 and 2009 editions. Has resource implications – voluntary grants – bilateral partnership (twinning) with NME and MC

23. Thank you for your attention !