The Organisation for Economic Co-operation and Development (OECD) was first created in 1948 as the Organisation for European Economic Co-operation, with the purpose of collaborating in the administration of the Marshall Plan. In 1960, it was reconstituted as an international economic body aimed at furthering economic progress and commerce around the world. Twenty countries signed the Convention on the Organisation for Economic Co-operation and Development (OECD). Since then, 14 other countries have become members of the organization. The current list of member states includes Australia, Austria, Belgium, Canada, Chile, Czech Republic, Denmark, Estonia, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, the Slovak Republic, Slovenia, Spain, Sweden, Switzerland, Turkey, the United Kingdom, and ...