OECD Recommendation on the Social and Solidarity Economy and Social Innovation
10 Jun 2022
The Recommendation on Social and Solidarity Economy and Social Innovation was adopted by the OECD Council at Ministerial level on 10 June 2022 on the proposal of the Local Employment and Economic Development Committee (LEED).
The Recommendation promotes the social economy’s potential to pioneer new business models, provide essential services, contribute to a fairer, green and digital transition, engage youth, and build communities. It recognises the diversity of practice and the need for policy tools applicable to a range of country contexts and varying degrees of development of the social economy. The social economy is typically made up of organisations such as associations, cooperatives, foundations, mutual societies and social enterprises.
This Recommendation is timely given the prominent role of the social economy in addressing pressing challenges such as COVID-19 or supporting Ukrainian refugees and, looking ahead, in building long-term resilience.
