Until his retirement from the Organization for Economic Cooperation and Development (OECD) two years ago, Val Koromzay served for 14 years as the director for country studies in the OECD’s economics department. His main work was to oversee the preparation of biennial economic surveys for each of the 30 OECD member countries and also for major developing countries including China, India, Brazil, Indonesia, and South Africa. These surveys sought to identify key challenges facing each country and to develop strategies for meeting these challenges. Issues treated included health-care reform; education and training policies; labor-market regulation; competition and regulatory policies; tax and budget policies; resource management and environmental policies; monetary policy; financial regulation; and relations among different levels of government.
Through his experience working with country specialists, government officials, business leaders, trade union representatives, and private think tanks, Koromzay acquired a unique perspective on how common economic policy challenges are differently defined in each country by the prevailing social and political context.
Koromzay worked on a variety of other issues at OECD—most notably on developing transition strategies for the countries of central Europe after the fall of the Iron Curtain. Earlier, he served as senior international economist at the President’s Council of Economic Advisers in Washington, D.C.; economist for international finance at the Federal Reserve; and instructor at Dartmouth College. He did both his undergraduate and graduate work at Yale University. Since his retirement from OECD, Koromzay has been a freelance economic consultant to governments including those of Korea, Norway, New Zealand, and Hungary.