Concept

OECD

Summary
The Organisation for Economic Co-operation and Development (OECD; Organisation de coopération et de développement économiques, OCDE) is an intergovernmental organisation with 38 Member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies of its members. The majority of OECD Members are high-income economies ranked as "very high" in the Human Development Index, and are regarded as developed countries. Their collective population is 1.38 billion. , OECD Member countries collectively comprised 62.2% of global nominal GDP (US49.6trillion)and42.849.6 trillion) and 42.8% of global GDP (Int54.2 trillion) at purchasing power parity. The OECD is an official United Nations observer. In April 1948, t
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