Organisation for Economic Cooperation and Development (OECD)
- Establishment: Founded in 1961, succeeding the Organisation for European Economic Co-operation (OEEC) which was established in 1948 to help administer the Marshall Plan for the reconstruction of Europe after World War II.
- Members: Initially European-focused, it now includes 38 member countries from across the globe, including many of the world’s most advanced economies and some emerging economies.
- Purpose: To stimulate economic progress and world trade. It’s a forum where governments can work together to share experiences and seek solutions to common problems.
- Key Functions: Provides a platform for comparing policy experiences, seeking answers to common problems, identifying good practices, and coordinating domestic and international policies of its members.
- Major Publications: Includes the OECD Economic Outlook, the OECD Employment Outlook, and the Programme for International Student Assessment (PISA) report.
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