Organisation for Economic Co-operation and Development

The Organisation for Economic Co-operation and Development (OECD), (in French: Organisation de coopération et de développement économiques; OCDE) is an international organisation of thirty countries that accept the principles of representative democracy and a free market economy. It originated in 1948 as the Organisation for European Economic Co-operation (OEEC), led by Frenchman Robert Marjolin, to help administer the Marshall Plan for the reconstruction of Europe after World War II. Later its membership was extended to non-European states, and in 1961 it was reformed into the Organisation for Economic Co-operation and Development.
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The OECD (based in Paris) was founded in 1961 as the successor to the Organisation for European Economic Co-operation (OEEC). It brings together 29 member countries (2001) in an organisation that, most importantly, provides governments with a setting in which to discuss, develop and perfect economic and social policy.