The Organization for Economic Cooperation and Development

1468 WordsFeb 22, 20186 Pages
OECD paper: History of the OECD: The Organization for European Economic Co-operation (OEEC), was established by the Marshall plan to coordinate the American and Canadian aid for reconstruction of Europe in 1948. Since then and as an extension for the with the convention on the Organization for Economic Co-operation and Development, the OECD an international economic organization was established in Paris, on the 14th of December 1960 with the aim of building strong economies in its member countries, and contribute to development in industrialized as well as developing countries. Nowadays, the OECD is trying to expand their missions and agenda to include cooperating according to the requirements of the market economy. Particularly to help the countries which are making their transition from centrally-planned to capitalist systems. The founding member countries of the OECD include a list of some of the biggest economies in the world such as the United States of America. Other founding members include other countries such as most of the European Countries, Turkey and Japan. Today, the OECD includes up to 34 verity of countries including countries from Latin America, such as Chile that got accepted as a member in 2010. The Aims of the OECD: The OECD functions mainly as an organization that provides governments a setting to discuss, develop and perfect economic and social policy in a way that allows them to compare experiences, seek answers to common problems and work to
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