Organisation for Economic Co-operation and Development (OECD)

29 January 2018 | Author/Destination: | Rubric: General Reading Time:  7 minutes

The Organisation for Economic Co-operation and Development (OECD; French: Organisation de coopération et de développement économiques, OCDE) is an intergovernmental economic organisation with 35 member countries, founded in 1960 to stimulate economic progress and world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members. Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries. OECD is an official United Nations Observer. The OECD’s headquarters are at the Château de la Muette in Paris. The OECD is funded by contributions from member states at varying rates, and had a total budget of €363 million in 2015.   read more…

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