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Organisation for Economic Co-operation and Development (OECD)

Monday, 29 January 2018 - 11:00 am (CET/MEZ) Berlin | Author/Destination: Around the World / Rund um die Welt
Category/Kategorie: General Reading Time:  3 minutes

🔊 Listen to this Post 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.

There are currently 35 members of the OECD. The list includes 22 of the 28 European Union member states. The EU states not in the OECD are Bulgaria, Croatia, Cyprus, Lithuania, Malta, and Romania.

In 1948, the OECD originated as the Organisation for European Economic Co-operation (OEEC), led by Robert Marjolin of France, to help administer the Marshall Plan (which was rejected by the Soviet Union and its satellite states). This would be achieved by allocating American financial aid and implementing economic programs for the reconstruction of Europe after World War II. Similar reconstruction aid was sent to the war-torn Taiwan and post-war Korea, but not under the name “Marshall Plan”.

In 1961, the OEEC was reformed into the Organisation for Economic Co-operation and Development by the Convention on the Organisation for Economic Co-operation and Development and membership was extended to non-European states.

Read more on OECD and Wikipedia OECD (Smart Traveler App by U.S. Department of State - Weather report by weather.com - Global Passport Power Rank - Travel Risk Map - Democracy Index - GDP according to IMF, UN, and World Bank - Global Competitiveness Report - Corruption Perceptions Index - Press Freedom Index - World Justice Project - Rule of Law Index - UN Human Development Index - Global Peace Index - Travel & Tourism Competitiveness Index). Photos by Wikimedia Commons. If you have a suggestion, critique, review or comment to this blog entry, we are looking forward to receive your e-mail at comment@wingsch.net. Please name the headline of the blog post to which your e-mail refers to in the subject line.

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