chapter  2
9 Pages

GLOBALIZATION, DOMESTIC POLICIES AND THE NEED FOR HARMONIZATION

When I made my original proposal for domestic policy convergence some years ago, I did so in the context of the evolution of innovation policies in the Triad.1 That rationale also emerged in the OECD project on Technology and the Economy, or TEP, which had focused on the pervasive implications of technological change, especially in information and communication technologies (ICT), on governments, the economy and society. As a consequence, at their 1991 meeting OECD Ministers recommended that one follow-up of the TEP exercise should be a determination of whether policy harmonization in selected areas, including most obviously competition policy, was desirable and feasible. The objective of such analysis would be to propose new international ‘rules of the game’. These proposals were sent to Ministers for adoption at the 1994 annual meeting but thus far little has emerged.