Organization for Economic Cooperation and Development (OECD)

Definition

The OECD is an international organization that promotes policies aimed at improving the economic and social well-being of people around the world. It provides a platform for its 38 member countries to compare policy experiences, seek answers to common problems, identify good practices, and coordinate domestic and international policies.

Related terms

Economic Policy: A strategy or plan implemented by a government or institution to influence a nation's economy.

Social Welfare: Programs designed by governments or private institutions to help individuals or communities achieve a standard of living and quality of life.

International Cooperation: The process whereby countries work together through diplomacy, trade agreements, cultural exchanges, and alliances for mutual benefit