Organisation for Economic Co-operation and Development – Definition
OECD (The Organisation for Economic Cooperation) consists of 34 member states. These states are responsible to design, manage and economic related social policy to improve economy related operational activities. OECD associated states are democratic states and they are advocates of free trading and support for open market economics for all the countries.
A Little More on What is the Organisation for Economic Co-operation and Development
OECD (The Organisation for Economic Cooperation and Development) is considered a strong think tank with the responsibility of monitoring the progress of economic activities globally. Some of its core responsibilities and goals include the growth in economic development, providing a mechanism to fight against poverty and to increase the cooperation among OECD nations. OECD also evaluates the environmental influence of economic growth and the phases of social development. For a number of years, the organization is doing its best to improve the living standards of people among its member states. Thus, the organization is contributing globally in the promotion and stability of the world economy.
The establishment of OECD (The Organisation for Economic Cooperation and Development) took place in 1960 with an effective date of 14 December. In the beginning 18 of the EU states signed the agreement along with the United States of America and Canada. By the time the organization expanded and new members from the South American region and some Asian countries from the Pacific region joined the organization. OECD is considered an organization of strongly developed countries.
OEEC (Organisation for European Economic Cooperation) was established in 1948. The period is specifically known as the aftermath period of the 2nd World War. The purpose behind the establishment of this organization was to evaluate the economic re-infrastructure developments known as the Marshall Plan initiated and financed by the United States of America. This programme was started to improve the overall economic conditions of European war-torn economies. The group unanimously agreed upon the plans for economic rehabilitation and to avoid any future wars among member countries. OEEC helped greatly to establish EEC (European Economic Community) that latter recognized as the European Union. More EU countries joined the EU in the latter period. The purpose of the EU is to organize EUFTA (European Free Trade Area).
With the joining of US and Canada with OEEC in 1961, the organization latter started working under new assumed name of OECD. This enabled the organization to perform its operation with broader global spectrum because of increasing member states. Overall figures indicate that 16 other countries joined the organization by 2016. The headquarter of the organization is in Paris the capital of France.
OECD performs many tasks related to global economic growth that include the publication of economic reports, analyzes and predicts the future prospect of growth and manages economic databases related to member countries. The group is also responsible to highlight any gender discrimination related to economic enhancement and purposes recommendations to avoid and to decrease environmental issues. OECD is doing a great job, especially for the eradication of bribery and other crimes related to international commerce activities.
OECD with the cooperation of G 20 (Group of 20) has blacklisted those nations that are considered tax havens for nontax givers. Non-Taxpayer organizations are responsible for causing a tax loss from $101 to 245 billion to world tax revenue. OECD provides help to EU nations to bring economic reforms by introducing new market-based strategies.
References for Organization for Economic Cooperation and Development
Academic Researech on the Organization for Economic Cooperation and Development (OECD)
The contribution of primary care systems to health outcomes within Organization for Economic Cooperation and Development (OECD) countries, 1970–1998, Macinko, J., Starfield, B., & Shi, L. (2003). Health services research, 38(3), 831-865. The research focuses on OECD efforts to collect data from 1970 until 1998 related to primary health care system outcomes from 18 member countries. The study uses secondary data and a variety of procedures to evaluate health care system outcomes.
Key lessons for labour market reforms: Evidence from OECD countries’ experience, Elmeskov, J., Martin, J., & Scarpetta, S. (1998). The paper discusses the results related to labour market success and failure in relation using the OECD model to indicate unemployment and success ratios in different countries. The paper also evaluates the role of particular labour market policies and organizational factors that are behind the success or failure of economic policy. Research shows how OECD research can be used to bring reforms in the labour market and to tackle the equity effects of the labour market.
Electricity deregulation in OECD (Organization for Economic Cooperation and Development) countries, Al-Sunaidy, A., & Green, R. (2006). Energy, 31(6-7), 769-787. The research elaborates the role of different countries behind electricity deregulation that allow the freedom to consumers to choose the electricity provider of their choice. The paper also focuses on certain problems regarding competitive approaches related to supply and regeneration issues. A proposal is made to introduce new effective laws to the distribution system and structure related to the transmission of electricity.
Decentralized administrative law in the Organization for Economic Cooperation and Development, Salzman, J. (2004). Law & Contemp. Probs., 68, 189. The writer investigates the administrative law principles in relation to OECD and how these administrative laws need to be used to tackle problems related to international administrative law. Much of operational works of OECD focuses regional needs however the organization produces ample chances to study international administrative laws. OECD works in association with EU, WHO (World Health Organization) and with other data collecting organization such as UNCTD (United Nations Organization on Trade and Development). The research provides historical information about OECD operation and its role to develop administrative law on regional as well as international levels. It is to note that the OECD does not follow a central system or model with regard to administrative law.
The OECD principles of corporate governance, OECD, O. (2004). Contaduría y Administración, (216). The paper comprehensively examines the OECD principles in relation to corporate governance that affects the region and international trade.
The health migration crisis: the role of four Organisation for Economic Cooperation and Development countries, Pond, B., & McPake, B. (2006).The Lancet, 367(9520), 1448-1455. The paper investigates the migration process of health sector professionals from low earning countries to high earning territories. The particularly examines case studies from the sub-Saharan region in this regard. The paper focuses on the bases of four OECD as their policies attract health care professionals for migration. The study suggests how low-income countries can be saved from such issues by adopting a certain competitive strategy so that these counties do not face brain drain.
Foodborne and waterborne pathogenic bacteria in selected Organisation for Economic Cooperation and Development (OECD) countries, Curtis, D., Hill, A., Wilcock, A., & Charlebois, S. (2014). Journal of food science, 79(10), R1871-R1876. The paper throws light on Charlesbois’ report on pathogens in foods and elaborates on the concerns related to food safety. The data used for this report range from 2008 to 2010 that highlights how there is an urgent need to introduce food and safety measures in OECD states. The research focuses on 5 particular pathogenic bacteria cases and compares data gathered from various countries with different figures. However, investigation shows that OECD states have better strategies to tackle this problem compared to other international countries.
Exports, imports, and economic growth in semi-industrialized countries, Esfahani, H. S. (1991). Journal of Development Economics, 35(1), 93-116. This paper describes the role of export-promotion strategies that are used by semi-industrialized states to increase economic growth and to reduce import and export gaps. Such strategies also increase imports and increase overall GDP and boost economic growth.
More actors, more money, more ideas for international development co‐operation, Zimmermann, F., & Smith, K. (2011). Journal of International development, 23(5), 722-738. The writer points out some other developing cooperation providers apart from OECD states and how they cooperate with each other in economic growth. The research also evaluates the role of Arab donors, the level of business opportunities and potential risks in developing countries. The research further investigates the impact of such cooperation on OECD and suggests that international countries can learn from each other with collaboration.
• Government size, factor accumulation, and economic growth: evidence from OECD countries, Dar, A. A., & AmirKhalkhali, S. (2002). Journal of policy modeling, 24(7-8), 679-692. The writer uses RCM (Random Coefficient Model) to investigate the expansion in economic growth with the perspective of government size. The data for research is concerned with 19 OECD member states over the period of 1971-1999. The results suggest that larger government size states have less TFP (Total Factor Productivity), and capital productivity. However, the results for small size governments are positive.