Economics » International Economic Organisations » Roles and Relevance of International Organisations

Organisation for Economic Cooperation and Development (OECD)

The OECD is an intergovernmental economic organisation with 36 member countries, founded in 1961 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, seek 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.


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