Organization for Economic Cooperation and Development - OECD

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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