What is the Organisation for Economic Co-operation and Development (OECD)?

Q: What is the Organisation for Economic Co-operation and Development (OECD)?


A: The OECD is an international organisation of countries with a democratic system of government and a free economy.

Q: When was the OECD founded?


A: The OECD was founded in 1948 as the Organisation for European Economic Co-operation (OEEC).

Q: What was the purpose of OEEC?


A: The purpose of OEEC was to help European countries rebuild their industry and other things destroyed in the Second World War.

Q: When did OEEC change its name to become OECD?


A: OEEC changed its name to become OECD in 1960.

Q: Where are the headquarters of the OECD located?


A: The headquarters of the OECD are located at Château de la Muette in Paris.

Q: How many countries are members of the OECD?


A: There are currently 37 member countries that make up the Organisation for Economic Co-operation and Development (OECD).

Q: What does it mean when a country has a free economy?


A: A country has a free economy when its government does not control or interfere with economic activities carried out by citizens or companies.

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