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DictionarySeeOECDOrganization for Economic Cooperation and Development
Organization for Economic Cooperation and Development (OECD), international organization that came into being in 1961. It superseded the Organization for European Economic Cooperation, which had been founded in 1948 to coordinate the Marshall PlanMarshall Plan
or European Recovery Program,
project instituted at the Paris Economic Conference (July, 1947) to foster economic recovery in certain European countries after World War II. The Marshall Plan took form when U.S. Secretary of State George C.
..... Click the link for more information. for European economic recovery following World War II. The organization has 34 full members: Australia, Austria, Belgium, Canada, Chile, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, and the United States. Member countries are pledged to work together to promote their economies, to extend aid to underdeveloped nations, and to contribute to the expansion of world trade. Agencies operating under the OECD include the Centre for Educational Research and Innovation, the Development Centre, and the European Nuclear Energy Agency. The headquarters are in Paris.Organization for Economic Cooperation and Development
Organization for Economic Cooperation and Development (OECD)An organization of industrialized countries formed to promote the economic health of its members and to contribute to worldwide development.Organization for Economic Cooperation and DevelopmentAn international organization studying proper economic policies and promoting cooperation in those policies between members. The OECD consists of member accepting the principles of the free market and the democratic process, or, informally, it consists of the so-called developed world. The OECD produces working papers and other documents detailing economic statistics and data and often offering recommendations for policy courses. The organization also provides an open forum for members to discuss these policies, with an aim of members taking roughly the same stand on economic policy. This has not always been successful. However, the OECD also offers a forum for pursuing policies of common interest, for example, setting up an office to discourage tax havens. It was established in 1961 as a successor organization to the Organization for European Economic Cooperation, which was originally established to help implement the Marshall Plan.Organization for Economic Cooperation and Development (OECD) an international organization whose membership comprises mainly the economically advanced countries of the world. The OECD provides a regular forum for discussions among government finance and trade ministers on economic matters affecting their mutual interests, particularly the promotion of economic growth and international trade. The OECD is a main source of international economic data and regularly compiles and publishes standardized inter-country statistics.Organization for Economic Cooperation and Development (OECD) an international organization whose membership comprises mainly the economically advanced countries of the world. The OECD provides a regular forum for discussions amongst government finance and trade ministers on economic matters affecting their mutual interests, particularly the promotion of economic growth and international trade, and it coordinates the provision of ECONOMIC AID to the less developed countries. The OECD is a main source of international economic data and regularly compiles and publishes standardized inter-country statistics. |