2001
DOI: 10.1111/1468-5965.00328
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The Open Method as a New Mode of Governance: The Case of Soft Economic Policy Co‐ordination

Abstract: Taking economic co-ordination in EMU as a starting point, this article explores the development of the open method of co-ordination, addressing whether it is a new form of governance from two related perspectives. First, to what extent can the method be effectively applied outside the scope of economic policy? Second, will it lead to policy transfer to the EU and hence act only as a transitional mode of governance? Identified at the Lisbon European Council, the method codified practices such as benchmarking, t… Show more

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Cited by 407 publications
(129 citation statements)
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“…• The open method of coordination thus follows a kind of "third way" between the classical search for harmonization and mere recommendations or intergovernmental agreements 9,12,13,14 . This process attempts to inaugurate the transition from a strategy of harmonizing institutions to one of harmonizing policy objectives.…”
Section: The Lisbon Strategy Of Competition and The Open Methods Of Comentioning
confidence: 99%
“…• The open method of coordination thus follows a kind of "third way" between the classical search for harmonization and mere recommendations or intergovernmental agreements 9,12,13,14 . This process attempts to inaugurate the transition from a strategy of harmonizing institutions to one of harmonizing policy objectives.…”
Section: The Lisbon Strategy Of Competition and The Open Methods Of Comentioning
confidence: 99%
“…If there is more than one party in a coalition government, the government's index value is an average of the separate index values of all coalition partners, weighted by their seats in parliament. Budge et al (2001) and Klingemann et al (2006) i In addition to the SGP, a complex set of other economic coordination processes under the Open Method of Coordination (OMC, Hodson and Maher 2001) has sought to provide a framework for the conduct of economic policies which may touch upon fiscal policies.…”
Section: Economic Orthodoxymentioning
confidence: 99%
“…7 According to this report, "open method of coordination" was first used by Hodson andMaher (2001) andRodrigues (2002). This method, already used at the Organisation for Economic Co-operation and Development (OECD) as well as in the business world, comprises four elements: (i) set common guidelines for member policies, (ii) develop performance indicators to compare best practices, (iii) demand that members adopt action plans for implementing the guidelines, and (iv) jointly monitor the results.…”
Section: European Efforts To Enhance Structural Reformmentioning
confidence: 99%