The headquarters of the OECD is located in Paris.
OECD is the acronym for the Organization for Economic Cooperation and Development , an international entity that currently brings together thirty-eight countries . Its purpose is to achieve the coordination of the main policies of the Member States regarding the economy and social affairs.
This institution, which was created in 1960 , is also known as OECD , since its name in English is Organization for Economic Co-operation and Development . English and French are precisely the official languages of the OECD , which has its headquarters in Paris .
What is the OECD
The OECD is often described as an organization of rich nations, since its members generate close to 80% of the Gross National Product worldwide. The countries that make up the OECD work together through some two hundred committees and groups of specialists from the most diverse areas.
It should be noted, however, that several of the most important economies in the world, such as China , India and Brazil , are not members of the OECD , although they are considered key partners .
Since June 1, 2021 , the Secretary General of the OECD is the Australian Mathias Cormann , a diplomat of Belgian origin who held various public positions (he was Minister of Finance of Australia and Federal Senator for Western Australia , for example).
The United States is one of the member countries of the OECD.
Its function
In addition to producing a wide variety of statistics , the OECD also publishes hundreds of books a year in which it compiles data, analyzes figures and proposes courses of action to promote economic growth and social development.
It is worth mentioning that the OECD is constantly open to receiving new member countries, as well as maintaining a relationship of close cooperation with non-members, some of which participate through regular or full observation in its committees.
OECD goals
Among the OECD's objectives, the following stand out:
- Help to expand in a healthy way the economy of member countries, as well as that of non-member countries, which are in development.
- Ensure that world trade expands in accordance with international obligations, on a multilateral and non-discriminatory basis .
- Contribute to the development of the economy of the entire world by maintaining financial stability and expanding the economic and labor spheres as greatly as possible, so that the standard of living of the member countries continually progresses.
Your values
The OECD works towards these objectives, among others, and to do so it relies on a series of values that it considers unbreakable:
- Objectivity : they are based on evidence to carry out their analyzes and to issue any recommendations, avoiding any type of influence that could interfere with their work and cause favoritism, for example.
- Openness : they care about being up to date on issues of interest to the world and accept every possibility of debate, to take into account all possible positions on each topic before reaching a conclusion.
- Audacity : conventional knowledge is the first thing they try to challenge, starting with the ideas that their own members have, always in search of new concepts and points of view that help make better decisions in pursuit of progress.
- Avant-garde : they try to identify and deal with long-term challenges, even before they seem relevant, thus anticipating certain situations that, with another type of organization, could be problematic if they were not warned in time.
- Ethics : they trust in maintaining their credibility through their work , always seeking to generate trust with transparent and upright management.