Organization for Economic Cooperation and Development (OECD) Flashcards

1
Q

Type of organization

A

International Economic Organization

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2
Q

Region

A

Europe

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3
Q

Membership

A

37 countries
Most OECD countries are high-income economies with a very high Human Development Index (IDH)
Mexico, Chile, Israel, Estonia and Slovenia became members
Colombia and Lithuania entered in 2018

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4
Q

Formation

A

1961

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5
Q

Headquarters

A

Paris, France

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6
Q

Goal

A

Stimulate economic progress and world trade. This group of countries are seeking answers to common problems.

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7
Q

Facts

A

Before this organization, in 1948 was founded the OEEC, originated as the Organization for European Economic Cooperation to help manage the Marshall Plan. In 1961, the OEEC was reformed into the Organization for Economic Cooperation and Development by the Convention of OECD and membership was extended to non-European Countries

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