|
Organisation for Economic Co-operation and Development - Wikipedia, the free encyclopedia (625 words) |
 | The Organisation for Economic Co-operation and Development (OECD) is an international organisation of those developed countries that accept the principles of representative democracy and a free market economy. |
| Later its membership was extended to non-European states, and in 1960 it was reformed into the Organisation for Economic Co-operation and Development. |
| The Commission of the European Union is participating in the work of the OECD, alongside the EU Member States. |
| Module 3: Integration and Cooperation in Europe (820 words) |
| The stagnation of economic reconstruction in the immediate postwar years generated fears that economic hardship would lead to the spread of communism in Western Europe and prompted the United States to offer aid, soon known as the Marshall Plan, on condition that the Europeans coordinated their efforts in a European organization. |
| Nevertheless, the OEEC made an important contribution to the economic reconstruction or postwar Europe; under its auspices, member countries were able to study the feasibility of a customs union and a free trade area. |
| In the 1960s, the OEEC's membership expanded beyond the borders of Europe, and the body was renamed the Organization for Economic Cooperation and Development (OECD). |
Feeds |
Contact