Organization for Economic Co-operation and Development
The Organization for Economic Co-operation and Development is an intergovernmental economic organization which was founded in 1961 with 36 member countries in order to stimulate economic progress and world trade. The majority of its members are the world’s most economically advanced nations but also emerging countries are part of the OECD.The mission of OECD is to promote policies that will improve the economic and social well-being of people around the world. It works as a forum in which governments can work together to find solutions to common problems.The OECD works together with governments to track and understand economic, social and environmental change. It measures global flows of trade and investment. Moreover, the OECD sets international standards on a wide range of areas such as agriculture, tax, and chemicals. By looking at issues that directly affect everyone’s daily life, like how much people pay in taxes and social security the OECD is able to recommend policies designed to improve the quality of people's lives.
The OECD works with business, through the Business and Industry AdvisoryCommittee to the OECD (BIAC), and with labor, through the Trade Union Advisory Committee(TUAC).Today, the OECD is focused on helping governments around the world to restore confidence in markets and financial institutions and also foster and support new sources of growth through innovation, environmentally friendly ‘green growth’ strategies and the development of emerging economies.
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