Organization for Economic Cooperation and Development - OECD

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DEFINITION of 'Organization for Economic Cooperation and Development - OECD'

A group of 30 member countries that discuss and develop economic and social policy. OECD countries are democratic countries that support free market economies.

BREAKING DOWN 'Organization for Economic Cooperation and Development - OECD'

The OECD has been called a think tank, monitoring agency, rich man's club and unacademic university. Whatever you want to call it, the OECD has a lot of power. Over the years, it has dealt with a range of issues, including raising the standard of living in memeber countries, contributing to the expansion of world trade and promoting economic stability.

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RELATED FAQS
  1. How are transfer prices set?

    The United States, like most nations, does not want to allow transfer pricing methods that reduce the amount of taxes the ... Read Full Answer >>
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    South Korea is the world’s leading spender on research and development (R&D) as a percentage of gross domestic product ... Read Full Answer >>
  3. What country spends the most on healthcare?

    The United States currently ranks highest in health care spending. Of the countries spending the most on health care, the ... Read Full Answer >>
  4. What country spends the most on education?

    The United States spends more money educating its young people than any other nation, according to a study from the Organization ... Read Full Answer >>
  5. Where can I find the balance sheet of a country?

    As of 2014 the balance sheets of many countries are available from the Organization for Economic Co-operation and Development ... Read Full Answer >>
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