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Definition

Organization for Economic Cooperation and Development (OECD)

The Organization for Economic Cooperation and Development (OECD) facilitates governance in governments and corporations of countries with market economics.The OECD founded in 1961 to stimulate economic progress and world trade. It has 34 member countries and has relationships with numerous countries.The OECD promotes international country relationships that lead to globalization.The OECD's headquarters are at the Chateau de la Muette in Paris, France.

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