An intergovernmental economic organization with 38 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum of countries 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.
The OECD’s mission is to promote policies that will improve people’s economic and social well-being worldwide. It does this by:
- Providing a forum for discussion: The OECD brings together policymakers from member countries to discuss economic and social challenges and identify best practices.
- Conducting research and analysis: The OECD produces a wide range of research and analysis on economic and social issues, which is used to inform policymaking in member countries.
- Developing international standards: The OECD develops international standards on various issues, such as taxation, trade, and the environment. These standards help to create a level playing field for businesses and promote international cooperation.
- Providing technical assistance: The OECD provides technical assistance to member and non-member countries on various economic and social issues. This assistance helps countries to implement reforms and improve their economic performance.
Some key focus areas for the OECD include economic growth, employment, trade, education, innovation, environment, and development. The OECD is a highly influential organization, and its work has had a significant impact on policymaking around the world.