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Sunday, January 29, 2023

Organisation for Economic Co-operation and Development (OECD)

 The Organisation for Economic Co-operation and Development (OECD) is an international economic organization founded in 1961 with a mission to promote policies that will improve the economic and social well-being of people around the world. The organization currently has 36 member countries, most of which are located in Europe and North America. The OECD provides a forum for its member countries to work together on a wide range of economic and social issues, and it also serves as a source of research, analysis, and policy advice for these countries.

The history of the OECD can be traced back to the Marshall Plan, which was a US-led initiative aimed at rebuilding the economies of Western Europe following World War II. In 1948, a group of countries signed the Organization for European Economic Cooperation (OEEC) to administer the Marshall Plan, and this organization later became the OECD in 1961.

The member countries of the OECD are committed to democratic values, the market economy, and the principles of open and fair competition. These countries work together to promote policies that will enhance economic growth, increase employment, and improve the standard of living for their citizens. To achieve these goals, the OECD conducts research and analysis, provides policy advice, and develops standards and best practices that its member countries can adopt.

One of the main areas of focus for the OECD is economic policy. The organization provides its member countries with a platform to discuss and coordinate their economic policies, and it also provides research and analysis to support these policies. The OECD also works on a range of social and environmental issues, including education, health, employment, the environment, and the digital economy.

In addition to its work on policy, the OECD is also a significant source of data and analysis for its member countries. The organization collects and publishes data on a wide range of economic and social indicators, including GDP, inflation, trade, and employment. It also produces reports and analysis on various topics, such as the economic outlook, the digital economy, and the environmental impact of economic growth.

The future of the OECD is shaped by the changing needs of its member countries and the global economy. The organization is continuously evolving to address new challenges and opportunities, and it remains committed to its mission of promoting policies that will improve the economic and social well-being of people around the world.

In conclusion, the Organisation for Economic Co-operation and Development (OECD) is an important international organization that plays a key role in promoting economic growth, increasing employment, and improving the standard of living for people in its member countries. With a focus on policy, data and analysis, and cooperation, the OECD remains an important player in the global economy, and it will continue to be so for many years to come.


The Organization for Economic Co-operation and Development (OECD) is an international organization made up of 37 member countries, primarily focused on the promotion of economic growth and sustainability. The member countries of the OECD are:

  1. Australia
  2. Austria
  3. Belgium
  4. Canada
  5. Chile
  6. Czech Republic
  7. Denmark
  8. Estonia
  9. Finland
  10. France
  11. Germany
  12. Greece
  13. Hungary
  14. Iceland
  15. Ireland
  16. Israel
  17. Italy
  18. Japan
  19. South Korea
  20. Latvia
  21. Lithuania
  22. Luxembourg
  23. Mexico
  24. Netherlands
  25. New Zealand
  26. Norway
  27. Poland
  28. Portugal
  29. Slovak Republic
  30. Slovenia
  31. Spain
  32. Sweden
  33. Switzerland
  34. Turkey
  35. United Kingdom
  36. United States
  37. European Union

It was established in 1961 and has its headquarters in Paris, France. The OECD's mission is to promote policies that will improve the economic and social well-being of people around the world.


The Organisation for Economic Co-operation and Development (OECD) is led by a Secretary-General, who is appointed by the Council of the OECD. The current Secretary-General is Mathias Cormann, who took office on June 1st, 2021. He is responsible for overseeing the day-to-day operations of the OECD, as well as implementing the policies and programs approved by the Council.

The Council of the OECD is the organization's main decision-making body, made up of representatives from all member countries. The Council meets regularly to discuss and approve policies and programs, as well as to appoint the Secretary-General.

The OECD also has a number of committees, working groups, and expert groups, which provide specialized advice and guidance on specific issues. These bodies are made up of representatives from member countries, and are responsible for carrying out the work of the OECD in their respective areas of expertise.


The Organization for Economic Cooperation and Development (OECD) has a track record of success in promoting economic growth and prosperity for its member countries. Some of the most notable success stories include:

  1. Boosting Trade: The OECD has been instrumental in boosting trade between its member countries, creating new markets and expanding economic opportunities for businesses and workers.

  2. Improving Economic Performance: The OECD has helped to improve economic performance in its member countries, providing analysis and policy recommendations that have helped to create more stable, sustainable and inclusive growth.

  3. Reducing Poverty: The OECD has helped to reduce poverty and inequality in its member countries, promoting inclusive growth that benefits all citizens.

  4. Strengthening Financial Systems: The OECD has worked to strengthen financial systems in its member countries, reducing the risk of financial crises and promoting stability in the global economy.

  5. Advocating for Better Education: The OECD has been a strong advocate for better education, providing evidence-based policy recommendations to help improve educational outcomes for students and equip workers with the skills they need for the future.

  6. Promoting Clean Energy: The OECD has played a key role in promoting clean energy and mitigating climate change, encouraging its member countries to adopt low-carbon and green growth policies.

  7. Supporting Innovation: The OECD has supported innovation and entrepreneurship, promoting a culture of innovation and entrepreneurship in its member countries and helping to foster the development of new technologies and businesses.

These are just a few of the ways in which the OECD has contributed to the economic success of its member countries and the global economy as a whole. The organization continues to work hard to promote economic growth, stability and prosperity for all its member countries.

The Organization for Economic Co-operation and Development (OECD) has had several leaders throughout its history. The Secretary-General is the highest official in the OECD and serves as the organization's representative to the world. The Secretary-General is appointed by the Council and serves for a five-year term, renewable once.

Past Secretary-Generals of the OECD include:

  1. Donald J. Johnston (1996-2006)
  2. José Ángel Gurría (2006-2021)
  3. Mathias Cormann (2021-present)

The headquarters of the OECD is located in Paris, France. The organization's official website is www.oecd.org.

To become a member of the Organization for Economic Co-operation and Development (OECD), a country must meet certain criteria and follow a specific process.

Criteria for membership include:

  1. A commitment to market economy principles
  2. A functioning democracy with a transparent and effective government
  3. A willingness to participate in the OECD's activities and decision-making processes

Process for Membership:

  1. Interested countries submit an application to the OECD Secretariat
  2. The Secretariat reviews the application and makes a recommendation to the OECD Council
  3. The Council considers the application and makes a decision on membership
  4. If the Council decides in favor of membership, the country must ratify the OECD Convention, which is the legal basis for the organization
  5. After ratification, the country becomes a full member of the OECD

It should be noted that the process of becoming a member of the OECD can take several years and involves close cooperation with the existing members of the organization. The process of joining the OECD requires a commitment to implementing reforms and following the policies and practices of the organization.

Why members are only from Europe, Asia and America?

The membership of the Organization for Economic Co-operation and Development (OECD) is based on its founding principles and focus on economic growth, job creation and prosperity. OECD member countries must share these principles and have market-oriented economies, as well as functioning democratic systems, with a commitment to individual freedom and human rights. Currently, the member countries are mainly from Europe, Asia and America, reflecting the fact that these regions have economies that share these principles and values and are undergoing similar economic and social transformations. The membership is designed to reflect the diversity of the world's economies, so that the organization can effectively address the global challenges of economic growth and development. The OECD seeks to expand its membership to other countries that share its principles, as long as they are willing to make a commitment to adopting the policies and practices necessary to sustain a market-oriented economy and the democratic institutions required to support it.


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