O.E.C.

Presented
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.
The Organization for Economic Co-operation and
Development (OECD) promotes policies
designed:
to achieve the highest sustainable economic
growth and employment and a rising standard of
living in Member countries, while maintaining
financial stability, and thus to contribute to
the development of the world economy;
to contribute to sound economic expansion in
Member as well as nonmember countries in the
process of economic development;

to contribute to the expansion of world trade on

a multilateral, nondiscriminatory basis in
accordance with international obligations.