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Organisation for Economic Co-operation and Development

  Aug 16, 2016

Organisation for Economic Co-operation and Development

The Organisation for Economic Co-operation and Development (OECD)  is an intergovernmental economic organisation with 35 member countries, founded in 1961 to stimulate economic progress  world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seeking answers to common problems, identify good practices and coordinate domestic and international policies of its members. OECD membership includes non-European states. Most OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries. The OECD's headquarters are in Paris, France. India decided against joining the rich countries' club but is a member of various OECD committees.