OECD or The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 36 member countries, created to stimulate economic progress and world trade.
Its mission is to promote policies that will improve the economic and social well-being of people around the world and provides a forum in which governments can work together to share experiences and seek solutions to common problems.
The OECD works with governments to understand what drives economic, social and environmental change. They measure productivity and global flows of trade and investment and analyse and compare data to predict future trends.
A key role is the setting of international standards on a wide range of things, from agriculture and tax to the safety of chemicals.
The OECD works with business, through the Business and Industry Advisory Committee to the OECD (BIAC), and with labour, through the Trade Union Advisory Committee (TUAC).
The OECD also recommends policies to member countries that better or protect the quality of citizens’ lives.
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The current member countries are:
OECD or The Organisation for Economic Co-operation and Development