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Organisation for Economic Co-Operation and Development (OECD)

  • By: Barney Warf
  • In: Encyclopedia of Geography
  • Edited by: Barney Warf
  • Subject:General Geography, Earth & Environmental Science

The Organisation for Economic Co-operation and Development (OECD) is an international forum for the coordination of economic and environmental policies among most (but not all) of the world's largest economies. Its mission is to help policymakers facilitate economic investment, growth, and trade among member states, maintain financial stability, enhance democratic governance, and promote market-oriented development. Other goals involve fighting corruption, monitoring corporate abuse, enhancing transparency, and improving public administration. At times, it is a forum for the application of international moral suasion. Founded as the Organisation for European Economic Co-operation in 1948 as part of the post–World War II endeavor to administer the Marshall Plan funds, it became the OECD in 1961. It is headquartered in Paris. As the number of member states grew, reaching ...

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