The Organisation for Economic Co-operation and
Development (OECD) is a unique forum where the governments of 30 market
democracies work together to address the economic, social and governance
challenges of globalisation as well as to exploit its opportunities.
The OECD provides a setting where governments can compare policy experiences,
seek answers to common problems, identify good practice and co-ordinate domestic
and international policies. It is a forum where peer pressure can act as a
powerful incentive to improve policy and which produces internationally-agreed
instruments, decisions and recommendations in areas where multilateral agreement
is necessary for individual countries to make progress in a globalised economy.
Non-members are invited to subscribe to these agreements and treaties.
Exchanges between OECD governments flow from information and analysis
provided by a secretariat in Paris. The secretariat collects data, monitors
trends, and analyses and forecasts economic developments. It also researches
social changes or evolving patterns in trade, environment, agriculture,
technology, taxation and more.
The OECD helps governments to foster prosperity and fight poverty through
economic growth, financial stability, trade and investment, technology,
innovation, entrepreneurship and development co-operation. It is helping to
ensure that the environmental implications of economic and social development
are taken into account. Other aims include creating jobs for everyone, social
equity and achieving clean and effective governance.
The OECD is at the forefront of efforts to understand, and to help
governments to respond to, new developments and concerns. These include trade
and structural adjustment, online security, and the challenges related to
reducing poverty in the developing world.
For more than 40 years, the OECD has been one of the world's largest and most
reliable sources of comparable statistical, economic and social data. OECD
databases span areas as diverse as national accounts, economic indicators,
trade, employment, migration, education, energy, health and the environment.
Much of the research and analysis is published.
Over the past decade, the OECD has tackled a range of economic, social and
environmental issues while further deepening its engagement with business, trade
unions and other representatives of civil society. Negotiations at the OECD on
taxation and transfer pricing, for example, have paved the way for bilateral tax
treaties around the world.
The OECD is a group of like-minded countries. Essentially, membership is
limited only by a country's commitment to a market economy and a pluralistic
democracy. It is rich, in that its 30 members produce almost 60% of the world's
goods and services, but it is by no means exclusive. Non-members are invited to
subscribe to OECD agreements and treaties, and the Organisation shares expertise
and exchanges views on topics of mutual concern with more than 70 countries
worldwide, from Brazil, China and Russia to least developed countries in
(For more biz stories, please visit Industry Updates)