UNCLASSIFIED
175006
MDHIAN 7937
A
-
THE
PARAGRAPH 1. GROWTH SHOULD BE "SUSTAINED, NON-INFLATIONARY". LOGIC OF: LOW CONFIDENCE RESTORING CONFIDENCE COMPREHENSIVE STRATEGY IS SIMPLISTIC AND POTENTIALLY MISLEADING. THE SECTION HEADING WHICH FOLLOWS MIGHT BETTER READ: FOSTERING GROWTH, CUTTING
UNEMPLOYMENT.
PARAGRAPH 2. COUNTRIES.
RURAL UNEMPLOYMENT IS A SERIOUS PROBLEM FOR MANY OECD
PARAGRAPH 3. DEPENDS ON THE FINAL TEXT OF THE UNEMPLOYMENT REPORT (TO BE CIRCULATED BY MID-MAY). WE MAY WANT WORDING GIVING GREATER
DIRECTION TO THE WORK. SEE ALSO PARAGRAPH 16.
PARAGRAPH 4. SHOULD GIVE GREATER PROMINENCE TO THE IMPORTANCE OF STRUCTURAL REFORM. THE FIRST SENTENCE RAISES THE BOGEY OF "JOBLESS GROWTH".
PARAGRAPH 6. THE ORDER OF THE ARGUMENT IN THE FIRST SENTENCE SHOULD
BE REVERSED.
PARAGRAPH 8(B). WE INTERPRET THIS AS A CALL FOR WORK ON BUDGET "QUALITY", OF POTENTIAL BENEFIT TO THE UK, PROVIDED IT IS UNDER THE CONTROL OF EPC AND ITS WORKING PARTIES. CLARIFICATION SHOULD BE
SOUGHT DURING THE NEGOTIATION.
.
PARAGRAPH 9. STRUCTURAL REFORM SHOULD ENHANCE POTENTIAL GROWTH OF
EMPLOYMENT OVER THE LONGER TERM.
PARAGRAPH 12. INTERESTED DEPARTMENTS SHOULD EXAMINE CLOSELY THE
REQUEST FOR TRADE-RELATED WORK BY OECD IN THE SECOND TIRET.
THIS SEEMS EXPANSIONIST. ARE THE REFERENCES ACCEPTABLE (E.G. LABOUR MARKET POLICIES)? DOES 'ACTION-ORIENTATED
ANALYSIS' CARRY CONNOTATIONS OF 'RULES OF THE GAME'?
PARAGRAPH 13. WE HAVE DOUBTS ABOUT THE USEFULNESS OF WORK ON STRUCTURAL ADJUSTMENT IN THE AGRO-FOOD SECTOR.
PARAGRAPH 14. THE COMMUNIQUE DOES NOT SPECIFY WHERE THE WORK ON INDUSTRIAL SUBSIDIES SHOULD BE UNDERTAKEN. WE SHOULD TRY TO SECURE PRIMACY FOR EPC AND ITS WORKING PARTIES, ALTHOUGH PARTISANS OF THE INDUSTRY COMMITTEE WILL RESIST. SHOULD WE PRESS FOR SPECIFIC REFERENCE TO EXPORT CREDIT PREMIUMS IN THIS PARAGRAPH? WE ASSUME CALL FOR A REPORT BY 1994 ON PROBLEMS IN IMPLEMENTING RECENT EXPORT
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