what is OECD (Organization for Economic Cooperation and Development)?

what is OECD (Organization for Economic Cooperation and Development)

OECD (Organization for Economic Cooperation and Development)

The OECD is an international organization that promotes economic growth, trade, and improved living standards among its member countries.

It serves as a platform where governments share policies, analyze data, and find solutions to global economic and social challenges.

🔹 Main Goals

Promote sustainable economic growth

Encourage fair trade and investment

Support education, innovation, and employment

Address global issues like inequality and climate change

🔹 Key Facts

Founded: 1961

Headquarters: Paris, France

Members: 38 countries (including the U.S., Korea, Japan, and most of Europe)

Motto: “Better Policies for Better Lives”

🔹 Example

When countries discuss tax policies or digital economy rules, the OECD helps create global standards to ensure fairness and cooperation.

Tags:

#OECD #Economy #GlobalCooperation #Trade #InternationalOrganization

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