Organization for Economic Cooperation and Development

The Organization for Economic Cooperation and Development (OECD) is a forum in which representatives from member nations can discuss the development of economic and social policies. The OECD member countries all support free market economies. The OECD supports a number of goals, including the following:

  • Expanding world trade
  • Fighting poverty
  • Fostering economic development
  • Promoting economic stability
  • Raising the standard of living

The OECD is also a monitoring organization. It publishes statistics, analyses, and forecasts concerning the history of and prospects for economic growth throughout the world. The OECD also maintains a list of countries that are considered to be uncooperative tax havens for those seeking to avoid the payment of income taxes in their home countries. In addition, the OECD provides consulting assistance to any countries seeking to implement reforms that will improve the functioning of their economies.