The Organisation for Economic Co-operation and Development (OECD)

 

The Organisation for Economic Co-operation and Development (OECD) is an international organization made up of mostly high-income, developed countries that work together to promote economic growth, stability, and improved living standards worldwide.

🌍 What the OECD does

• Provides a platform where governments compare policies and share solutions
• Produces data, research, and economic forecasts
• Sets international standards (e.g., taxation, anti-corruption, education)
• Advises countries on public policy

🏛️ Key facts

• Founded: 1961
• Headquarters: Paris, France
• Members: 38 countries (including the U.S., UK, Japan, Germany, etc.)
• Origin: Evolved from the post-WWII Marshall Plan organization

📊 Well-known OECD work

• Programme for International Student Assessment (PISA): Measures student performance globally
• Economic reports and forecasts
• Tax policy frameworks (like efforts to address global corporate tax avoidance)

🎯 Main goals

• Promote sustainable economic growth
• Support job creation and higher living standards
• Encourage free trade and investment
• Help both member and non-member countries develop better policies