Organization for Economic Cooperation and Development

2015 07 01 | Category: Offshore Glossary

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Organization for Economic Cooperation and Development (OECD) – At the present time there are 29 countries in the OECD. They share the principles of the market economy, pluralist democracy and respect for human rights. The original 20 members of the OECD are located in Western countries of Europe and North America. Next came Japan, Australia, New Zealand and Finland. More recently, Mexico, the Czech Republic, Hungary, Poland and Korea have joined. The official goals of the organization are to help ‘member countries promote economic growth, employment and improved standards of living through the coordination of policy’ and to encourage ‘the sound and harmonious development of the world economy and improve the lot of developing countries, particularly the poorest.”


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