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The <b>OECD</b>, or Organization for Economic Co-operation and Development, is an organization of those developed countries that accept the principles of democracy and a free market economy. |
The <b>OECD</b>, or Organization for Economic Co-operation and Development, is an [[international organizations|organization]] of those developed countries that accept the principles of democracy and a free market economy. |
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Revision as of 08:04, 25 July 2001
The OECD, or Organization for Economic Co-operation and Development, is an 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. But latter its membership was extended to non-European states, and thus it was given its current name.