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Page 1 of 4 OECD 23/11/2017 21:54 The Organization for Economic Co-operation and Development (OECD) is an international organization of 34 countries that accept the principles of representative democracy and the free market economy, which seeks to provide a platform to compare economic policies, solve common problems, and coordinate domestic and international policies. Most OECD members are economies with high GDP per capita and Human Development Index and are considered developed countries, with the exception of Mexico, Chile and Turkey. This organization is an international forum that promotes public policies among the richest countries on the planet, that is, they have the highest Human Development Indexes (HDI). It assists in the development and economic expansion of member nations, providing actions that enable financial stability and strengthen the global economy. It originated in 1948 as the Organization for Economic Cooperation (OECD), led by Robert Marjolin of France, to help manage the Marshall Plan for the reconstruction of Europe after World War II. Subsequently, its membership was extended to non- European states. In 1961, the Convention on the Organization for Economic Co- operation and Development reformed the OECD and gave rise to the Organization for Economic Co-operation and Development. The OECD headquarters is located at the Château de la Muette in Paris, France. History The OECD was established on 30 September 1961, succeeding the Organization for European Economic Cooperation, established on 16 April 1948. It is also called the "Rich Group" because 31 of its 34 participating countries together produce more than half of all the world's wealth. Since June 1, 2006, the Secretary General has been the Mexican José Ángel Gurría Treviño. Objectives Page 2 of 4 OECD 23/11/2017 21:54 • supporting sustainable economic growth; • develop employment; • raise the standard of living; • maintaining financial stability; • helping other countries to develop their economies; • contribute to the growth of world trade; • To seek permanent economic development among member countries; • Finding ways and means to maintain the stability of member countries; • Discuss and propose goals for global economic development; • Establish parameters for the development of standard of living; • To create mechanisms for the growth of Share information in sensitive areas of work for countries; • Develop cooperation programs at the national and regional levels; • Assisting governments and citizens of countries in harnessing the benefits of international trade; • Promote good governance at all levels of government and business; • Stimulating transparency and equality in regulation and competition systems and rules; • Fight against corruption and money laundering, as well as promote ethical conduct; • Encourage international good practice The OECD also shares its knowledge and exchange of ideas with over 100 other countries and economies, from Brazil, China and Russia to the least developed countries in Africa. There are currently 34 OECD members , Hungary, Mexico and Turkey (marked with *) are described as World Bank high-income economies. The remaining members are described as high-income economies. best practices to follow. The OECD is the successor to the OEEC, which was was set up with intention to seek solutions for the construction of the european countries affected by the world war II , the Marshal plan (OECD principal of corporate governance , 2004). Page 3 of 4 OECD 23/11/2017 21:54 Founding members of the OECD (1948): Austria Belgium Denmark France Greece Iceland Ireland Italy Luxembourg Norway Netherlands Portugal United Kingdom Sweden Switzerland Turkey* 1955 - Germany Germany 1959 - Spain Spain Admitted to the OECD reform (1961): Canada Flag of United States USA Admitted to the OECD thereafter: 1964 - Japan 1969 - Finland 1971 - Australia Page 4 of 4 OECD 23/11/2017 21:54 1973 - New Zealand 1994 - Mexico * 1995 - Czech Republic 1996 - Hungary * 1996 - Poland 1996 - South Korea 2000 - Slovakia 2010 - Chile 2010 - Slovenia 2010 - Israel Countries invited (on 10 May 20105) to join the OECD: Estonia. As of December 2012, the OECD has 25 non-member states with full observer status or participants in its Committees. About 50 non-members participate in working groups, schemes or programs. The OECD maintains a political dialogue with the purpose of sharing opinions on the best practices to follow. On 16 May 2007, the OECD Ministerial Council decided to initiate accession negotiations with Chile, Estonia, Israel, Russia and Slovenia.7 In the same Council, it was decided to strengthen cooperation with Brazil, China, India, Indonesia and South Africa.
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