Economic Co-operation and Development, Organisation for

Economic Co-operation and Development, Organisation for

      international organization founded in 1961 to stimulate economic progress and world trade. Current members include Australia, Austria, Belgium, Canada, the Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, South Korea (Korea, South), Luxembourg, Mexico, The Netherlands (Netherlands, The), New Zealand, Norway, Poland, Portugal, Slovakia, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and the United States. Member countries produce two-thirds of the world's goods and services.

      The convention establishing the OECD was signed on Dec. 14, 1960, by 18 European countries, the United States, and Canada and went into effect on Sept. 30, 1961. It represented an extension of the Organisation for European Economic Co-operation (OEEC), set up in 1948 to coordinate efforts in restoring Europe's economy under the Marshall Plan.

      One of the fundamental purposes of the OECD is to achieve the highest possible economic growth and employment and a rising standard of living in member countries; at the same time it emphasizes maintaining financial stability. The organization has attempted to reach this goal by liberalizing international trade and the movement of capital between countries. A further major goal is the coordination of economic aid to developing countries.

      Lacking the power to enforce its decisions, the OECD is essentially a consultative assembly that pursues its program through moral suasion, conferences, seminars, and numerous publications. Although the rule of unanimity inhibits its impact on member countries, the OECD is considered to have a significant influence as an advisory body. By maintaining contact with many governmental and international agencies, such as the International Monetary Fund, the organization has become a clearinghouse for a vast amount of economic data. It publishes hundreds of titles annually on a variety of subjects that include agriculture, scientific research, capital markets, tax structures, energy resources, lumber, air pollution, educational development, and development assistance. Its bimonthly magazine, The OECD Observer, constitutes a useful source of information on economic and related social matters. Annual evaluations of individual member countries' economies are also issued.

* * *


Universalium. 2010.

Игры ⚽ Поможем решить контрольную работу

Look at other dictionaries:

  • Economic Co-operation and Development, Organisation for (OECD) — International organization founded in 1961 to stimulate economic progress and world trade. Based in Paris, the OECD serves as a consultative assembly and a clearinghouse for economic data, and it also coordinates economic aid to developing… …   Universalium

  • Organisation for Economic Co-operation and Development — (OECD) An organisation of industrialised countries formed to promote the economic health of its members. It establishes legally binding agreements and issues guidelines and non binding instruments on various issues such as export credits and… …   Law dictionary

  • Organisation for Economic Co-operation and Development — (OECD) …   Wikipedia

  • Convention on the Organisation for Economic Co-operation and Development — The Convention on the Organisation for Economic Co operation and Development is the 1960 treaty that transitioned the Organisation for European Economic Co operation into the Organisation for Economic Co operation and Development.[1] The treaty… …   Wikipedia

  • Organization for Economic Co-operation and Development — Organisation for Economic Co operation and Development (OECD) An organisation of industrialised countries formed to promote the economic health of its members. It establishes legally binding agreements and issues guidelines and non binding… …   Law dictionary

  • Organisation for Economic Co-operation and Development — Organisation für wirtschaftliche Zusammenarbeit und Entwicklung Mitgliedstaaten der OECD …   Deutsch Wikipedia

  • Organisation for Economic Co-operation and Development (OECD) —   Организация Экономического Сотрудничества и Развития (ОЭСР) организация, объединяющая 30 стран – прежде всего является форумом, в рамках которого правительства стран членов имеют возможность обсуждать, разрабатывать и совершенствовать… …   Финансовый словарь

  • Organisation for Economic Co-operation and Development controversy — Some decisions, actions or reports made at or by the Organisation for Economic Co operation and Development (OECD) have raised controversy. Contents 1 OECD and soft law 2 OECD and taxation 2.1 Tax havens 2.2 …   Wikipedia

  • Organization for Economic Co-operation and Development —   [ɔːgənaɪ zeɪʃn fɔː iːkə nɔmɪk kəʊɔpə reɪʃn ənd dɪ veləpmənt, englisch], Abkürzung OECD, die Organisation für wirtschaftliche Zusammenarbeit und Entwicklung …   Universal-Lexikon

  • Organisation for Economic Co-operation and Development — /ˌɔ:gənaɪzeɪʃ(ə)n fər i:kəˌnɒmɪk kəυˌɒpəreɪʃ(ə)n ən dɪ veləpmənt/ noun an organisation representing the industrialised countries, aimed at encouraging international trade, wealth and employment in member countries. Abbreviation OECD …   Dictionary of banking and finance

Share the article and excerpts

Direct link
Do a right-click on the link above
and select “Copy Link”