Organization for Economic Cooperation and Development

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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 Development

An 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.
References in periodicals archive ?
The Organization for Economic Co-operation and Development (OECD), based in Paris, conducted a Career Guidance Policy Review that involved 14 countries (OECD, 2004).
Membership of the World Trade Organization (WTO), organization for economic co-operation and development (OECD) and the European Union (EU) has made Poland lucrative for foreign investors.
According to a recent study by the Organization for Economic Co-operation and Development (OECD) the UK leads European Union members with the lowest barriers in the industrialized world to inward foreign direct investment (FDI).
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