About the OECD
The Organisation for European Economic Cooperation (OEEC) was established in 1948 to run the US-financed Marshall Plan for reconstruction of a continent ravaged by war. Encouraged by its success and the prospect of carrying its work forward on a global stage, the Organisation for Economic Co-operation and Development was officially established in in 1961.
Today the OECD provides a forum in which governments can work together to share experiences and seek solutions to common problems and to understand what drives economic, social and environmental change. The organisation measures productivity and global flows of trade and investment, analyses and compares data to predict future trends and sets international standards on a wide range of things, from agriculture and tax to the safety of chemicals.
The OECD also looks at issues that directly affect the lives of ordinary people, like how much they pay in taxes and social security and how much leisure time they can take. It compares how different school systems are readying their young people for modern life and how different countries' pension systems will look after their citizens in old age.
The Organisation's stated core values are to be:
Objective: The analyses and recommendations they make are independent and evidence-based.
Open: The organisation wants to encourage debate and a shared understanding of critical global issues.
Bold: To dare to challenge conventional wisdom starting with its own.
Pioneering: Seek to identify and address emerging and long term challenges.
Ethical: To build its credibility on trust, integrity and transparency.