Organization for Economic Cooperation and Development


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Organization for Economic Cooperation and Development

(OECD), international organization that came into being in 1961. It superseded the Organization for European Economic Cooperation, which had been founded in 1948 to coordinate the Marshall PlanMarshall Plan
or European Recovery Program,
project instituted at the Paris Economic Conference (July, 1947) to foster economic recovery in certain European countries after World War II. The Marshall Plan took form when U.S. Secretary of State George C.
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 for European economic recovery following World War II. The organization has 36 full members: Australia, Austria, Belgium, Canada, Chile, the Czech Republic, Denmark, Estonia, Finland, France, Germany, Great Britain, Greece, Hungary, Iceland, Ireland, Israel, Italy, Japan, Korea, Latvia, Lithuania, Luxembourg, Mexico, the Netherlands, New Zealand, Norway, Poland, Portugal, Slovakia, Slovenia, Spain, Sweden, Switzerland, Turkey, and the United States. Member countries are pledged to work together to promote their economies, to extend aid to less developed nations, and to contribute to the expansion of world trade. Agencies operating under the OECD include the Development Centre, the International Energy Agency, and the Nuclear Energy Agency. The headquarters are in Paris.
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international obligations and reflects the President's commitment to maintain the financial stability of the United Nations and other international organizations that include the World Health Organization, the North Atlantic Treaty Organization, the International Atomic Energy Agency, and the Organization for Economic Cooperation and Development.
In Europe, for example, control of information by the private sector is regulated by the Organization for Economic Cooperation and Development's (OECD) Guidelines on the Protection of Privacy and Transborder Flows of Personal Data (Organization for Economic Cooperation and Development 1981) and the Council of the European Union's (EU) Convention for the Protection of Individuals with Regard to the Processing of Personal Data (Council of the European Union 1981).
Takahiro Yasui, principal administrator of the Outreach Unit for Financial Sector Reform at the Organization for Economic Cooperation and Development, said it was "too expensive for society to lose the benefits of globalization." He suggested that the insurance sector practice financial prudence, especially with regard to investment; extensive staff training; and affiliation with international groups.
In 1972, when the Organization for Economic Cooperation and Development (OECD) presented results of the first international survey of interdisciplinary research and education, the first reported force driving interdisciplinarity was the development of "science," meaning knowledge in the European sense of the word (OECD, 1972, p.
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