OECD (Organization for Economic Cooperation and Development)

1. OECD(Organization for Economic Cooperation and Development) By: Victoria Macedo and Cody Carvahlo

3. Initial Purpose • To provide governments with a setting to discuss effective approaches to economic and social issues. • Allows similar countries to reflect and exchange ideas on their government, public policies, and interactions with the international community. • Set to ensure economic growth and provide employment to increase the population’s standard of living. • The OECD addresses several international policy issues with themes such as: • International taxes • Government • Sustainable development

4. History: How/When was it formed? • OEEC was Established in 1948, this was the foundation to OECD • It was OEEC’s goal was to make individual governments recognize the interdependence of their economies • The OECD was officially born on September 30, 1961 This graph displays how much government investment they help obtain in conjunction with the UN’s target for developing nations.

5. Participants: Countries/Democracies The OECD (Organization for Economic Co-operation and Development) brings together 34 democracies of Europe, North and Latin America, and the Pacific. These democracies/ countries are as follows: • Australia • Austria • Belgium • Canada • Chile • Czech Republic • Denmark • Eztonia • Finland • France • Germany • Greece • Hungary • Iceland • Ireland • Isreal • Italy • Japan • Korea • Luxembourg • Mexico • Netherlands • New Zealand • Norway • Poland • Portugal • Slovak Republic • Slovenia • Spain • Swedan • Switzerland • Turkey • UK • US

6. Organizations Role Today • The OECD still remains the world’s largest and reliable source for economic and social statistical data. • The OECD provides analyses of policies, performances, practices and reviews on numerous economic, social and environmental issues and policies. • It continues to provide country and partnership information to governments and other countries on the following topics: • Housing • Income • Jobs • Environment • Education • Health • Safety and more

7. Participants: Partners • The following countries were involved in an “Enhanced Engagement” Programme with OECD which is aimed at advancing OECD’s relationship with these partners: • Brazil • China • India • Indonesia • South Africa • The OECD has other official relations with the following International Organizations: • World Bank • International Labour Organization • UN bodies

8. Partnership Agreements ADB (Asian Development Bank): • OECD partnership with ADB is represented by sponsering of seminars, joint organizations, and information exchanges. • Agreement to explore the possibility of collaboration on economic/ employment development and environmental policies. EIB(European Investment Bank): • Mutual alliance

9. Canada in the Agreement/Organization • The OECD originally grew out of an organization set up by the US, Canada and European countries to coordinate the Marshall Plan (American program to aid Europe in economics after WW2). • The Marshall plan aimed at aiding Europe, but the OECD would aim at aiding countries, businesses, and partners worldwide. • In 1961, Canada signed to create the OECD which would help the government create economic growth. • Therefore, Canada was one of the first countries to sign and create the OECD.

10. What issues is the OECD dealing with? • The OECD is continually striving to make individual economies better • Currently, they are working on several projects • The main issue at presents are: double taxation, unresolved tax disputes, and tax barriers. • Within the OECD website, search under topics to see what they are working on.

11. QUESTIONS