The Organisation for Economic Co-operation and Development
is an international economic organisation
of 34 countries founded in 1961 to stimulate economic progress and world trade. It is a forum of countries committed to democracy
and the market economy
, providing a platform to compare policy experiences, seek answers to common problems, identify good practices, and co-ordinate domestic and international policies of its members.
Organisation for European Economic Co-operation
The Organisation for European Economic Co-operation
), was formed in 1948 to administer American and Canadian aid in the framework of the Marshall Plan
for the reconstruction of Europe after World War II
. It started its operations on 16 April 1948. Since 1949, it has been headquartered in the Chateau de la Muette
in Paris, France. After the Marshall Plan ended, the OEEC focused on economic issues.