The OECD provides a forum in which its 37 member states can come together to discuss, review and improve their policy on economic matters, finance, education, science, social affairs, the environment and development. Against the background of globalisation, it allows governments to exchange information and experiences and work together to seek solutions to common problems, with a particular emphasis on better coordination and more coherence in national and international economic policy.
Organization for Economic Cooperation and Development (OECD)
What is the OECD?
- Established in 1961
- Headquartered in Paris
- 37 member countries
- Annual budget of EUR 363 million
- Secretariat staff 3'200
- 250 publications per year
- 55% of the world's Gross National Income (GNI)
- 61% of world trade
- 18% of the world population
- 95% of global public development assistance
- 41% of global CO2 emissions
What does the OECD do?
The mission of the OECD is to help its member countries to:
- Support sustainable economic growth
- Boost employment
- Raise living standards
- Maintain financial stability
- Assist other countries' economic development
- Contribute to growth in world trade
How does the OECD work?
The governments of member countries meet regularly in committees to :
- Compare experiences ("peer reviews")
- Seek solutions to common problems
- Identify good practices
- Develop international standards
- Coordinate their national and international policies
The OECD and its secretariat collect data, analyse and forecast economic and social trends and developments.
What benefits does the OECD offer Switzerland?
- International platform for advocating Switzerland's interests
- Opportunity to be involved in defining international standards
- Peer learning
- Arguments for structural reforms which are necessary but politically difficult
- Areas of particular interest: investment, competition, tax, development, health and innovation
The future of the OECD
- Status quo: risks losing influence and economic clout to new actors
- Aim: globalisation hub
- One candidate country for accession: Costa Rica. Negotiations with Russia are postponed.
- Enhanced engagement with the "global players" of tomorrow: Brazil, China, India, Indonesia, South Africa