Organisation for Economic Cooperation and Development

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The Organisation for Economic Cooperation and Development (OECD) "groups 30 member countries sharing a commitment to the market economy. The OECD plays a prominent role in fostering governance in corporate activity. It helps governments to ensure the responsiveness of key economic areas with sectoral monitoring. By deciphering emerging issues and identifying policies that work, it helps policy-makers adopt strategic orientations."[1]

Founded in 1960, it is funded by its member countries according to a formula related to the size of each member's GDP. The largest contributor is the USA, providing 25% of the US$200 million budget.

The OECD is extremely influential, and its reports, particularly on economic issues, receive detailed attention from member goverments and are usually covered in the media. Its main focus is on developing policies designed to increase growth.

The OECD works along a structure similar to that of most western governments. Member countries maintain a Permanent Delegation on the Council, which is established as a formal diplomatic mission headed by an Ambassador. It is divided into 12 secretariats corresponding with the most common government ministries - for example, a "Directorate for Food, Agriculture and Fisheries", an "Economics Department", and a "Directorate for Education". The Secretary General is Donald J. Johnston.

Policy statements and advisories are produced via a large number of committees and sub-agencies. Membership of these committees is made up of country representatives and observers drawn from the following organisations:

The OECD also hosts a number of semi-autonomous bodies:

It is headquartered in Paris.

Resources

References

  1. ↑ About, OECD.org.

External links

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