OECD

OECD

The Organisation for Economic Co-operation and Development (OECD) is an international organisation that works to build better policies for better lives. Its goal is to shape policies that foster prosperity, equality, opportunity and well-being for all. The OECD draws on almost 60 years of experience and insights to better prepare the world of tomorrow.

History

The OECD started as the Organisation for European Economic Co-operation (OEEC) in 1948, to help administer the Marshall Plan for the reconstruction of Europe after World War II. Later, its membership was extended to non-European states, and in 1961, it was reformed into the Organisation for Economic Co-operation and Development.

Membership

The OECD has 38 member countries, with Colombia being the most recent to join in April 2020. Member countries are drawn from developed countries and some developing countries. The OECD member countries are: Australia, Austria, Belgium, Canada, Chile, Colombia, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Latvia, Lithuania, Luxembourg, Mexico, Netherlands, New Zealand, Norway, Poland, Portugal, Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, United Kingdom, United States.

Work

The OECD provides a forum in which governments can work together to share experiences and seek solutions to common problems. It works with governments to understand what drives economic, social and environmental change. It measures productivity and global flows of trade and investment. It analyses and compares data to predict future trends. It sets international standards on a wide range of things, from agriculture and tax to the safety of chemicals.

See also

• International Monetary Fund
• World Bank
• United Nations
• G20
• G7

References

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External links

• Official website

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