Organisation for Economic Co-operation and Development

The Organisation for Economic Co-operation and Development is an intergovernmental organisation with 38 member countries. It was founded in 1961 to stimulate economic progress and world trade. The OECD is a forum whose member countries describe themselves as committed to democracy and the market economy, providing a platform for collective problem-solving, analysis, and coordination. OECD members are highly developed countries with advanced economies typically considered efficient and high-income.