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Preferred term

OECD  

Definition

  • With headquarters in Paris, the Organisation for Economic Co-operation and Development (OECD) began in 1948 as the Organization for European Economic Co-operation (OEEC), to promote the Marshall Plan for the reconstruction of Europe after World War II. Membership of the OEEC was gradually extended to non-European states, and in 1961, 20 countries joined to reform the international organization into the OECD by authority of the Convention on the Organisation for Economic Co-operation and Development. In mid-2008, the OECD comprised 30 member states. [Source: Encyclopedia of Business in Today's World; Organisation for Economic Co-operation and Development]

Entry terms

  • Organization for Economic Cooperation and Development

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URI

https://concepts.sagepub.com/social-science/concept/OECD

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