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OECD's policies for economic and social development

OECD is an international forum where the government of different nation work together to seek solution to a common problem. This in return helps in improving the social and economic well-being.  The global organization measures the productivity and the global flow in trade and commerce helping in investment. They predict the data in advance in order to manage the investments.  The international standards are set by OECD to manage the wide range of things including agriculture, taxation policies and safety of chemicals. There is a large impact of OECD on the individual’s life related to pay, social security etc (OECD, O.E.C.D., 2004).  They draw conclusion depending upon the recommended policies designed in order to improve people’s life. The purpose is to draw common thread of work in order to share commitment regarding market economies backed with the democratic institutions. The Organization uses its wealth in order to manage the broad range of topics to help governments in dealing with the issues like  poverty by developing economic constancy.  They are constantly propagating environmental insinuation of economic and social growth. This helps in managing the economic and social development hence creating effective growth. The work of OECD is based on continued monitoring of the tasks by projecting short term and long term plan. The information collected and analysed in order to deal with the policies regarding the government recommendations. The report examines role played by UK in gaining economic and social productivity in order to gain competency. More specifically, the high level analysis focus on the trends and targets while Allocation of resources, Technological advancement and socioeconomic impact (Ananiadou and Claro, 2009).

In UK, pace of economic growth has been stable and GDP is about 9% above the peak just before the global crisis. The economic effects of the planned exit from the European Union in March 2019 (Brexit) have reduced the growth to the lowest annualized rate in the G7 in the first half of 2017. The central objective of regulatory policy is to ensure that regulations are designed and implemented in the public interest. This is only possible to be achieved through the concerned regulations – the “stakeholders”.  It includes citizens, businesses (both foreign and domestic, importers and exporters, potential investors, trade unions, civil society organization, public sector organizations, etc.  This allow in managing the policymaking process and developing the rules and regulations, as defined by the OECD (Organisation for Economic Co-operation and Development (Paris), 2008).  The Open and inclusive policy making is promoted by the OECD is an important part of governance that builds up policy-making processes to stakeholders further than the public administration to enhanced design policy by managing the base of evidence . The public administration is not embrace by the monopoly valuable for managing the information and to express needs and expertise. This emphasis the receptiveness of policies and services in an effective way by involving policies in order to manage the inclusive approach by managing the relevant factors attention to marginalized, deprived or less influential groups. This can take place in different degrees and different modalities, from provided that in sequence to active engagement in the design, accomplishment and assessment stage of a policy. The aim is to modernize public administrations in order to be well-organized, valuable and receptive in delivering public policies and services (Ball, 2014). This is to embrace public governance by altering the expertise model. An effective stakeholder engagement action helps governments to plan and act strategically. Sufficient time for stakeholder engagement activities must be planned beforehand.  An insufficient amount of time may result in rushed consultations that only tick the box and fulfill the obligation without any actual impact on the quality of regulations.  Careful planning largely depends upon the stakeholder’s engagement in the process of identifying different stages of the project while allowing government authority to choose the right tool at different stages of developing regulatory proposals. This helps in providing regulators an effective response, as appropriate (Arntz, Gregory and Zierahn, 2016).

Impact of UK's exit from the EU on its economy

The fundamental factors affecting the supply, demand and changes in fuel are used as important factors affecting the energy sector in the recent time changing the political and regulatory framework.  This creates difficulty in forecasting the energy prices hence affecting the availability of energy resources.  Energy availability and management is an important part to manage the energy resources in order to gain effectiveness (O'Riordan, 2014). This is important from the point of view of gaining competencies. With the evaluation in the technology and various other factors, energy management has developed into an effective factor. This is to manage the ongoing energy demand to gain market competency. It is therefore important to verify overall capacity in the energy sector in order to realize the total potential. This is important for the development in terms of gaining effectiveness by developing factors of production. The UK economy slightly broke down after the Brexit. The unemployment rate has fallen below 4.5 percent but the real time wages are low. Planned departure from EU has created a complicated atmosphere creating contingencies. There are challenges in front of UK regarding the business investment and growth. UK might face issues related to the business and development in order to manage the trade relationship. In this situation OECD has to develop effective policies in order to initiate the policies regarding the future policies (Collier and Maffini, 2015).  A review regarding the policies and taxation system is needed. This is important for management of the factors that are affecting the energy related policies.  The burden related to the energy management and development is increasing concern. This is one of the serious concerns for UK in managing the energy resources. This is creating a serious concern for the country in managing the resources. This process will take a longer time period in order to manage the resources. For now, there is no proper procedure prepared to meet down the demands related to energy resources. There can be challenges regarding the management of resources on a long run. For meeting the demand related to energy, it is important for UK to frame down the policies in an effective way. This will however help in managing the resources in an effective way (Rhodes, 2016). Policy package building is important to be developed in the area. This will however help in strengthening the outcome in an appropriate way. This will help in coordinating the functions by developing the economic results in global value chain (Robbins, 2016). This will however help in managing the results in an appropriate way. It is impotent for managing the effectiveness in development of the process. However, there is a need to coordinate the efforts in the region in order to manage the local policies and procedures. This will help in gaining competencies in order to create better economic policies. UK is completely dependent upon the other nation in order to manage the policies development and management (Dhingra, et al 2016). This will help in creating better opportunities in terms of growth and development. Supply of energy is a concern for the region. While managing the energy resources, it is important to manage the resources in order to gain effective results. This will help in gaining effective results and developing policies and procedures in order to coordinate the energy sector. It is important, therefore to manage the resources in an appropriate way so as to avoid misuse of resources. Integration of resources is important for gaining effectiveness in order to gain objective (Martin, et al 2015). For making an effective move in the field of energy management and development, it is important to manage the resources in a better way. This will help in managing the goals in long terms. It is important for gaining effectiveness in order to gain goals. It is evident in dealing with the appropriate way to gain effectiveness and managing the resources. It is important from the point of view of gaining an effective environment while undergoing changes. This is important for managing the resources in order to gain effectiveness in order to manage business longevity. The reformation will help in managing appropriate bargaining power and ensure growth. OECD has to ensure that the resources are used in an appropriate way by managing the ongoing energy clash. The energy resources are limited in number. Under such a situation it is important to manage an effective policy and functions in order to manage the result. The purpose of the task is to check that the energy resources are limited in nature. This is important for taking effective measures in dealing with the overall process. Proper management of energy resources is important for gaining better result. An insufficient amount of time may result in rushed consultations that only tick the box and fulfill the obligation without any actual impact on the quality of regulations. Thus it is necessary to keep a check over the management of resources. It is important for managing the resources in order to gain effective and appropriate result (Hung-Pin, 2014).

Importance of stakeholder engagement in policymaking

With the change in the UK’s economic outlook, there has been a significant effect of a push of Government-led energy competence initiatives. There will be a rise in the energy demand in coming future.  The unknown factors identified in the National Grid’s 2013 UK Future Energy Scenarios (FES). It particularly focuses on UK’s energy demand. This has a direct impact over energy demand and continuous pressure caused after the separation from EU.

The government policies are related to the long listing of handling the initiative that is designed to give confidence to common denominator through government intervention.  The government policies have a continuous impact on gaining effective policy implementation. Government proposal is to encourage householders to restore their incompetent gas boilers with Grade a condensing boilers. The rising price of the energy and a heavy demand has contributed in an effective way to create a difference. The micro-generation has seen a considerable growth in the past three years (Northrop and Ross, 2016).  The increased focus on developing solar energy and other natural resources in energy development has come up as significant functions. About 90% of this growth in micro-generation is affected as a result of solar photovoltaic’s (PVs) on the roofs of people’s homes (Ruhs and Vargas-Silva, 2014).

The other factors are due to the changing consumer behavior. The Future Energy Scenarios in relation to energy demand is largely affected by the consumer.  This completely depends upon the consumers and whether they are convinced in their daily energy utilize form to be a big play in future demands. This is one of the important factors that it is necessary for gaining competency. This plays a valuable role in managing the resources in an effective way while guaranteeing substantial results. 50% of consumers will act together with new idea to manage the energy resources. This will have a positive impact on the growth and development in order to manage the energy resources. The consumers are more motivated towards using energy resources in an effective way while balancing the requirements in an appropriate way. Consumers are largely motivated to save energy resources in order to gain effectiveness. The decisions consumers take are significant for managing the demand and working accordingly. The role of heat and transport plays an important role in managing the effectiveness (Dhingra, et al 2016).

UK energy demand has changed the complete pattern  of energy hence contributing towards the growth. This will however help in managing the effectiveness in terms of energy development and management.  This will help in managing the energy demand that is expected to rise to nine million households by 2035. There is other social and economic impact on the energy consumption that has motivated in managing energy production and management. The change n the energy development will affect the changes in the consumption pattern. One barrier to progress in the sector of energy consumption and production is related to the relatively high cost of deployment that takes effectively in managing the deployment of resources (Economic Survey of the United Kingdom 2017).

Challenges faced by the UK in energy management

Climate control and management is important for taking care of the energy resources. The world will have to spend more than $16trn (£10.55trn) over the period of next  15 years to the enormously determined climate change goal as set in Paris summit. The absolute vastness of the mission ahead began to emerge as analyze the impact of global warming and how it affects the world (Bawden, .2017).  In order to manage the target set by COP21 targets, it is important to manage the factors affecting the global warming (The future of UK energy demand, 2013). This can only be managed by making a contribution of $ 16 turn. As per the research by the International Energy Agency found that $16.5 trillion are required by 2030 in order to reduce to minimize the carbon footprint.  Money is required to replace the coal and gas fired stations (Turner and Jones, 2013). This is tough to manage the portion to reduce the overall impact of the electricity used at homes. In addition to emissions pledges from more than 175 countries, the climate change deal is very difficult to be managed in order to eliminate carbon emission.  There will be difficulty in managing the resources in accordance with the management of the energy resources. There are barrier related to the management of resources in accordance with an effective resources. This is posing problem in managing the resources as an important factor in managing resources (Gupta, 2014).

Conclusion 

To conclude, it is important to manage the resources in order to develop effective energy resources. With Brexit, there will be issues in managing the energy related issues that are taking place in UK. The international standards are set by OECD to manage the wide range of things including agriculture, taxation policies and safety of chemicals. There is a large impact of OECD on the individual’s life related to pay, social security etc. There is a necessity to develop an effective role in terms of energy consumption and management in order to gain competency. It is thereby necessary to manage the effectiveness in the energy sector to gain competency.

References  

Ananiadou, K. and Claro, M., 2009. 21st century skills and competences for new millennium learners in OECD countries.

Arntz, M., Gregory, T. and Zierahn, U., 2016. The risk of automation for jobs in OECD countries: A comparative analysis. OECD Social, Employment, and Migration Working Papers, (189), p.0_1.

Ball, L.M., 2014. Long-term damage from the Great Recession in OECD countries (No. w20185). National Bureau of Economic Research.

Bawden, T.2017. COP21: Hitting the climate change targets agreed in Paris 'will cost $16.5trn' Online. Available at: https://www.independent.co.uk/environment/climate-change/cop21-hitting-the-climate-change-targets-agreed-in-paris-will-cost-165trn-a6771816.html Accessed on: 30 October 2017

Collier, R. and Maffini, G., 2015. The UK international tax agenda for business and the impact of the OECD BEPS project.

Dhingra, S., Ottaviano, G., Sampson, T. and Van Reenen, J., 2016. The impact of Brexit on foreign investment in the UK. BREXIT 2016, p.24.

Dhingra, S., Ottaviano, G.I., Sampson, T. and Reenen, J.V., 2016. The consequences of Brexit for UK trade and living standards.

Economic Survey of the United Kingdom 2017,2017. Online. Available at: https://www.oecd.org/eco/surveys/economic-survey-united-kingdom.htm Accessed on: 1 October 2017

Gupta, S., 2014. The reality of economic growth towards green environment: a study of selected oecd countries 1990-2010. International Journal of Environment, 3(3), pp.78-88. 

Hung-Pin, L., 2014. Renewable energy consumption and economic growth in nine OECD countries: Bounds test approach and causality analysis. The Scientific World Journal, 2014.

Martin, R., Pike, A.N.D.Y., Tyler, P.E.T.E. and Gardiner, B., 2015. Spatially rebalancing the UK economy: The need for a new policy model. Regional Studies Association.

Northrop, E. and Ross, K., 2016. After COP21: what needs to happen for the Paris agreement to take effect?. Geominas, 44(70), pp.133-137.

Oecd, O.E.C.D., 2004. The OECD principles of corporate governance. Contaduría y Administración, (216).

Organisation for Economic Co-operation and Development (Paris), 2008. OECD Factbook 2008: Economic, Environmental and Social Statistics. OECD, Organisation for Economic Co-operation and Development.

O'Riordan, T., 2014. Ecotaxation. Routledge.

Rhodes, C.J., 2016. The 2015 Paris climate change conference: COP21. Science progress, 99(1), pp.97-104.

Robbins, A., 2016. How to understand the results of the climate change summit: Conference of Parties21 (COP21) Paris 2015.

Ruhs, M. and Vargas-Silva, C., 2014. The labour market effects of immigration. Migration Observatory Briefing, University of Oxford.

The future of UK energy demand,2013.Online Availale at: https://nationalgridconnecting.com/the-future-of-uk-energy-demand/ Accessed on: 30 October 2017

Turner, K. and Jones, T., 2013. Wetlands: Market and Intervention Failures: Four Case Studies. Routledge.

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