Organisation for Economic Co-operation and Development (OECD)

Acronym
OECD
Description

The Organisation for Economic Co-operation and Development (OECD) promotes policies that will improve the economic and social well-being of people around the world.

The OECD provides a forum in which governments can work together to share experiences and seek solutions to common problems. It works with governments to understand what drives economic, social and environmental change. It measures productivity and global flows of trade and investment. It analyses and compare data to predict future trends. It sets international standards on a wide range of things, from agriculture and tax to the safety of chemicals.

It also looks at issues that directly affect everyone’s daily life, like how much people pay in taxes and social security, and how much leisure time they can take. It compares how different countries’ school systems are readying their young people for modern life, and how different countries’ pension systems will look after their citizens in old age.


Drawing on facts and real-life experience, it recommends policies designed to improve the quality of people's lives. 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).

 

OECD at 50 and beyond

Today, OECD is focused on helping governments around the world to:

  • Restore confidence in markets and the institutions that make them function. 
     
  • Re-establish healthy public finances as a basis for future sustainable economic growth. 
     
  • Foster and support new sources of growth through innovation, environmentally friendly ‘green growth’ strategies and the development of emerging economies.
     
  • Ensure that people of all ages can develop the skills to work productively and satisfyingly in the jobs of tomorrow.

 

Type
  • International Institution
Country
France
Geographical focus
  • European Union (EU 27)
  • International; Other
Scientifc field / Thematic focus
  • General

Entry created by Ines Marinkovic on March 1, 2017
Modified on March 1, 2017