Organisation For Economic Co-Operation And Development (OECD)
The Organisation for Economic Co-operation and Development (OECD) is an international organisation that promotes economic growth and world trade. It was founded in 1961 and has 34 member countries. The OECD provides a forum for governments to discuss and co-ordinate economic policies, and it also carries out research and publishes statistics on a range of economic indicators.
One of the OECD’s key functions is to produce comparative data and analysis on member countries’ economies. This helps policy-makers to identify good practices and areas where reform is needed. The OECD also provides a range of policy recommendations on issues such as taxation, education, employment, environment, finance and trade. These recommendations are not binding, but they carry considerable weight among member countries.
The OECD has come under criticism in recent years for being too close to business interests, and for promoting neoliberal policies that have led to increased inequality. However, it remains an important player in the global economy, and its work on issues like tax avoidance and climate change is crucial in shaping the agendas of governments around the world.
