(iii) DAE attendance at an experts' meeting on banking structure

and regulation.

(iv) recent trends in securities markets

(v)

global economic modelling

(vi)

macroeconomic policy dialogue

(vii) informal meeting on trade questions (18 July)

(viii) Post-Uruguay Round informal trade meeting

4.

The suggestions for broadening include:

(a) long-term perspectives of the world economy

(b) integrating economic and environmental decision making

(c) "clean" technological and industrial development

(d) urban environment in growing cities

(e) privatisation

(f) human resource development policies

(g) social, labour market and training policies

(h) development cooperation

(i) restructuring telecommunications for economic development

5. The paper recommends that the DAES be offered a menu of options to choose from, and should not feel obliged to attend those activities of less direct interest to them.

6.

You will no doubt want to trawl interested FCO and Whitehall Departments for reactions to these suggestions, starting with HMG representatives to the four workshops in the spring. We also need to think carefully whether the proposals for "broadening" the dialogue into new areas fits in with our own priorities; would we have any other candidates to offer?

7. One of the unspoken messages behind this paper is that the workshops have been more resource-intensive than the OECD bargained for. It is therefore not surprising that this rather ambitious list for Phase II comes with a price tag. Though no costings are given, this could be quite significant. You will want to look at the final section which discusses the need to strengthen the substantive directorates by establishing a new unit in ESD, and recruiting some new staff for the Trade Directorate, DAFFE and DSTI. The paper warns that similar

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