Definitions for "Organisation For Economic Co-Operation And Development"
Established in 1961 to replace the Organisation for European Economic Co-operation (OEEC), the OECD is an international organization composed of the industrialized market economy countries, as well as some developing countries, by providing a forum in which to establish and coordinate policies.
Comprises (1999) Australia, Austria, Belgium, Canada, Czech Republic, Denmark, Finland, France, Germany, Greece, Hungary, Iceland, Ireland, Italy, Japan, Republic of Korea, Luxembourg, Mexico, The Netherlands, New Zealand, Norway, Portugal, Spain, Sweden, Switzerland, Turkey, the UK and the USA.
An international organization of developed countries that "provides governments a setting in which to discuss, develop and perfect economic and social policy." As of July 2002, it had 30 member countries.