The
Organization for Economic Co-operation and Development (OECD) is an
international organization of those developed countries that accept the principles of democracy and a free market economy. It originated as the Organization for European Economy Co-operation (OEEC), to help administer the
Marshall Plan for the re-construction of
Europe after
World War II. Later its membership was extended to non-European states, and in
1961 it was reformed into the Organization for Economic Co-operation and Development.
There are thirty full members, nearly all in the high-income group, as defined by the
World Bank.
The Commission of the European Union is participating in the work of OECD, along side of the members.