Organisation for Economic Co-operation and Development facts(Redirected from OECD)
Organisation for Economic Co-operation and Development (OECD)
Founder States (1961) Other Member States
|-||Secretary-General||José Ángel Gurría|
|-||as the OEECa||16 April 1948|
|-||reformed as the OECD||30 September 1961|
|a.||Organisation for European Economic Co-operation.|
The Organisation for Economic Co-operation and Development (OECD) is an international organization of thirty four countries. Member countries of OECD all have a democratic system of government. They also accept the principle of a free economy. A country has a free economy, when its government does not control the economic activities of its citizens and companies.
The OECD started 1948 as the Organisation for European Economic Co-operation (OEEC). The Second World War had just ended three years before in 1945. Some countries of Europe came together to form OEEC to help each other re-build their industry and other things destroyed in the Second World War. Later on, some non-European countries also joined this organization. In 1960, OEEC changed its name, and it became OECD: the Organization for Economic Co-operation and Development.
The OECD's headquarters are at the Château de la Muette in Paris.
Right now, OECD has thirty four countries as its members. Twenty countries became members of OECD in 1960. These countries are:
- United Kingdom
- United States
14 countries joined OECD after 1960. The names of these countries (with the year they joined in brackets), are:
- Japan (1964)
- Finland (1969)
- Australia (1971)
- New Zealand (1973)
- Mexico (1994)
- Czech Republic (1995)
- Hungary (1996)
- South Korea (1996)
- Slovakia (2000)
- Chile (2010)
- Slovenia (2010)
- Israel (2010)
- Estonia (2010)
Propaganda poster created by the Economic Cooperation Administration to promote the Marshall Plan in Europe.
Organisation for Economic Co-operation and Development Facts for Kids. Kiddle Encyclopedia.