Since then, the OECD's vocation has been to deliver greater well-being worldwide by advising governments on policies that support resilient, inclusive and sustainable growth. Through evidence-based policy analysis and recommendations, standards and global policy networks, including close collaboration with the G7 and the G20, the OECD has helped advance reforms and multilateral solutions to global challenges.
These span the public policy horizon, from the polluter pays principle, which the OECD developed in the s, to PISA in education, not to mention tax transparency and artificial intelligence.
Throughout its history, the OECD has striven to become more global, more inclusive and more relevant. We form a like-minded community, committed to the preservation of individual liberty, the values of democracy, the rule of law and the defence of human rights. We believe in open and transparent market economy principles. Guided by our Convention, we will pursue sustainable economic growth and employment, while protecting our planet. Our shared endeavour is to end poverty, to tackle inequalities and to leave no one behind.
We want to improve the lives and prospects of everyone, inside and outside the OECD. As a global pathfinder, the OECD will therefore continue to develop evidence-based analysis that helps generate innovative policies and standards to build stronger, more sustainable and more inclusive economies, inspiring trust and confidence for resilient, responsive and healthy societies.
We have fulfilled this role by building on our fundamental values: objectivity, openness, boldness, and integrity. Over the past 60 years, the OECD has been a catalyst for change in many aspects of public policy.
In this way, it was one of the roots of the European Union. The two member countries from the Middle East are Israel and Turkey. This process of joining the OECD is long and complicated. A nation must be reviewed by different member committees.
They make sure it conforms with OECD instruments, standards, and benchmarks. It must be willing to reform its economy to meet standards in different areas, like corporate governance, anti-corruption, and environmental protection. The OECD collects, analyzes, and reports on economic growth data for its members.
This gives them the knowledge to further their prosperity and fight poverty. It also balances the impact of economic growth on the environment. Committees within the OECD analyze the data and make policy recommendations. It's up to each member country to decide how to use OECD recommendations. Members have used OECD recommendations in many ways. They've created formal "rule of the game" agreements for international cooperation.
These rules include prohibitions against bribery as well as arrangements for export credits and the treatment of capital movements. OECD agreements have resulted in standards in bilateral tax treaties.
These agreements have also improved corporate governance guidelines. Twice a year, the OECD publishes its economic outlook. The report is updated twice per year to stay current with the significant shifting trends. It forecast a modest upturn in Prior to the pandemic, the OECD reported on a strengthening global economy.
It benefited from robust investment, an uptick in international trade, and higher employment. The aims of the Organisation for Economic Co-operation and Development hereinafter called the "Organisation" shall be to promote policies designed:.
Article 2 In the pursuit of these aims, the Members agree that they will, both individually and jointly:. With a view to achieving the aims set out in Article 1 and to fulfilling the undertakings contained in Article 2, the Members agree that they will:. Unless the Organisation otherwise agrees unanimously for special cases, decisions shall be taken and recommendations shall be made by mutual agreement of all the Members.
Each Member shall have one vote. If a Member abstains from voting on a decision or recommendation, such abstention shall not invalidate the decision or recommendation, which shall be applicable to the other Members but not to the abstaining Member. No decision shall be binding on any Member until it has complied with the requirements of its own constitutional procedures.
The other Members may agree that such a decision shall apply provisionally to them. A Council composed of all the Members shall be the body from which all acts of the Organisation derive. The Council may meet in sessions of Ministers or of Permanent Representatives.
The Council shall designate each year a Chairman, who shall preside at its ministerial sessions, and two Vice-Chairmen. The Chairman may be designated to serve one additional consecutive term. The Council may establish an Executive Committee and such subsidiary bodies as may be required for the achievement of the aims of the Organisation. A Secretary-General responsible to the Council shall be appointed by the Council for a term of five years.
He shall be assisted by one or more Deputy Secretaries-General or Assistant Secretaries-General appointed by the Council on the recommendation of the Secretary-General. He shall assist the Council in all appropriate ways and may submit proposals to the Council or to any other body of the Organisation. The Secretary-General shall appoint such staff as the Organisation may require in accordance with plans of organisation approved by the Council.
Staff regulations shall be subject to approval by the Council.
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