Wednesday, October 17, 2012

OECD

OECD is an international economic organization founded in 1961 to stimulate economic progress and world trade. OECD is consisted of countries that are committed to free market economy and free trade. Trade is essential for all nations but the importance of trade for developing nations are crucial. Developing countries must use trade to increase the welfare of the country and reach to economies of scale. However, achieving the economies of scale is not easy and needs high effort. The main goal of the OECD is to help the  developing nations when they need help. The organization tries to help its member countries by finding answers to problems such as fighting poverty through economic growth and financial stability and fostering prosperity. 


The main goals of the OECD are listed below. The goals are to;

 Boost employment                              
 Raise living standards
 Maintain financial stability
 Assist member and non member 
countries' economic development
 Contribute to growth in world trade






Could we say that the OECD is accomplishing its main goals? The answer of the question is
ambiguous. If we considered the EU crises, trade wars between countries and trade restrictions; it would not be wrong to say that OECD is just an ''advisor ''. In my opinion, an organization without enforcement could not be more than an '' advisor ''. 



References;

http://oecdmybrochure.org/edu/handle.php?lang=eng&adr=01304611189.pdf
http://www.oecd.org/about/whatwedoandhow/