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Organization for Economic Co-operation and Development

The Organization for Economic Cooperation and Development (OECD), established in 1961, facilitates economic progress and policy development among member nations and beyond. Initially set up to manage the Marshall Plan for post-war reconstruction, the OECD now aids developing countries, including China, India, and Brazil, by projecting short, medium, and long-term economic trends. Policymaking involves discussions among committees, and recommendations are implemented by member governments. While it has been criticized for favoring wealthy countries, the OECD plays a pivotal role in promoting economic growth and addressing issues like bribery and corruption on a global scale.

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Organization for Economic Co-operation and Development

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  1. Organization for Economic Co-operation and Development By: Kunal Parikh

  2. Monitoring of events in member nations as well as others outside OECD area. • Uses projections of short, medium, and long term economic progress • Committees discuss policy regarding information received by secretariat • Council makes decisions and governments implement recommendations. What is it?

  3. Established in 1961 to run the Marshall Plan for reconstruction of the war. • Reformed the OEEC which was formed in 1947 • Used now for similar reasons of aid to poorer nations. • Countries aided include China, India, and Brazil that have emerged as larger players in economic view History

  4. Who is involved? • Originally 20 countries signed the treaty. • Many more joined later on • OECD aids countries without membership as well.

  5. Secretary – General: José ÁngelGurría • Official languages: English and French • Secretary General Leadership

  6. Aided by many powerful prosperous nations • OECD takes international action on bribery and corruption. • Plans to achieve Highest employment and economic growth Advantages

  7. Has been criticized for only including the most developed countries. • In 1997 the Multilateral Agreement on Investing was criticized for threatening human rights. • Is a Tax policy where members must pay. Disadvantages

  8. Many nations have flourished due to the impact of OECD • Countries like India, Indonesia, and South Africa have all gotten to a more major role in the world view. International Impact

  9. How it works

  10. How it works part 2

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