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Organisation for Economic Co-operation and Development

Logo of the Organisation for Economic Co-operation and Development
     Founder States (1961)      Other Member States
     Founder States (1961)      Other Member States
SecretariatFrance Paris, France
Official languagesEnglish
• Secretary-General
José Ángel Gurría[1]
• as the OEECa
16 April 1948
• reformed as the OECD
30 September 1961
  1. Organisation for European Economic Co-operation.

The Organisation for Economic Co-operation and Development (OECD) is an international organization of countries. Member countries of OECD all have a democratic system of government. They also accept the principle of a free economy. A country has a free economy when its government does not control the economic activities of its citizens and companies.

The OECD started 1948 as the Organisation for European Economic Co-operation (OEEC). The Second World War had just ended three years before in 1945. Some countries of Europe came together to form OEEC to help each other re-build their industry and other things destroyed in the Second World War. Later on, some non-European countries also joined this organization. In 1960, OEEC changed its name, and it became OECD: the Organization for Economic Co-operation and Development.

The OECD's headquarters are at the Château de la Muette in Paris.

OECD has thirty-six member countries[2], of which 19 became members in 1961. These countries are:

  1. Austria
  2. Belgium
  3. Canada
  4. Denmark
  5. France
  6. Germany
  7. Greece
  8. Iceland
  9. Ireland
  10. Luxembourg
  11. Netherlands
  12. Norway
  13. Portugal
  14. Spain
  15. Sweden
  16. Switzerland
  17. Turkey
  18. United Kingdom
  19. United States

17 countries joined OECD after 1961. The names of these countries (with the year they joined in brackets), are:

  1. Italy (1962)
  2. Japan (1964)
  3. Finland (1969)
  4. Australia (1971)
  5. New Zealand (1973)
  6. Mexico (1994)
  7. Czechia (1995)
  8. Hungary (1996)
  9. South Korea (1996)
  10. Poland(1996)
  11. Slovakia (2000)
  12. Chile (2010)
  13. Estonia (2010)
  14. Israel (2010)
  15. Slovenia (2010)
  16. Latvia (2016)
  17. Lithuania (2018)

Colombia is set to become the 37th member.

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