MEMPHIS, Tenn., May 21, 2015 – Today, U.S. Agriculture Secretary Tom Vilsack and Organization for Economic Cooperation and Development (OECD) Deputy Secretary-General Mari Kiviniemi released a joint statement outlining three major themes guiding rural economic development policies.
The statement was issued at the conclusion of the three-day, 10th Annual OECD Rural Development Conference, titled, National Prosperity through Modern Rural Policy: Competitiveness and Well-Being in Rural Regions.
The major themes guiding rural economic development policies include:
- A New Rural Narrative noting that in OECD countries, the term "rural" is synonymous with unharnessed potential for growth. Agriculture and natural resources remains important in some regions, but many rural regions are diversifying their economies to include manufacturing and services.
- Prosperity for All noting that an approach to rural development policy is to be tailored and specific to the attributes, resources, and priorities of the place is needed to make our rural communities more resilient. Features such as low population density, physical distance, population decline and aging, and limited diversity in economic structures all expose rural communities to economic shocks. For this reason, rural policy should be an important part of any national strategy promoting inclusive growth.
- Implementing the New Rural Policy noting that Rural stakeholders participating in the Conference recognised the value of the OECD New Rural Paradigm as a policy framework to promote rural development and encouraged OECD governments to implement policies accordingly.
The full statement is available on the OECD website.
The Obama Administration is committed to comprehensive and long-lasting rural development. Last month, the White House Rural Council, chaired by Secretary Vilsack, launched Rural Impact, a coordinated effort across federal agencies to strengthen rural economies by supporting children and their families. In parallel to the OECD Conference in Memphis, the Obama Administration released a new report, Opportunities for All: Fighting Rural Child Poverty, examining poverty in rural areas, discussing the positive impact of safety net programs on reducing rural poverty, and highlighting the Administration's efforts and proposals to reduce poverty and promote opportunity in rural communities.
The Organization for Economic Cooperation and Development is the global economic policy forum providing analysis and advice to both its 34 member governments and countries worldwide, and dedicated to promoting better policies for better lives.
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