International economic organisation
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The Organisation for Economic Co-operation and Development is an intergovernmental economic organisation with 37 member countries, founded in 1961 to stimulate economic progress and world trade. It is a forum of countries describing themselves as committed to democracy and the market economy, providing a platform to compare policy experiences, seek answers to common problems, identify good practices and coordinate domestic and international policies of its members. Generally, OECD members are high-income economies with a very high Human Development Index (HDI) and are regarded as developed countries. As of 2017, the OECD member countries collectively comprised 62.2% of global nominal GDP and 42.8% of global GDP at purchasing power parity. The OECD is an official United Nations observer.
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Global report gives Australia an A for coronavirus response, but a D on climateA global report has ranked Australia third among OECD countries for its response to the coronavirus pandemic.
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Economy could contract 6.3pct on 2nd waveAustralia's economy could contract sharply if there's a second wave of coronavirus, producing long-lasting consequences, the OECD says.
Should Australia be in PISA shock?From every viewpoint, the Australian PISA results were a bad set of numbers. Should we be in shock, asks an Australian who led the OECD's latest global test of 15-year-olds.
'Alarm bells': Australian students record worst result in global testsAustralian students have failed for the first time to exceed the OECD average in maths, while NSW recorded the country's biggest drops in reading and science
Education levels stagnating despite higher spending: OECD surveyEducation performance has largely stagnated in many OECD countries over the last two decades despite higher spending, the Organisation for Economic Cooperation and Development said on Tuesday in a..
U.S. backs Brazil for OECD membership, but Argentina firstThe U.S. government said on Thursday that it supported Brazil's taking steps toward joining the Organization for Economic Cooperation and Development (OECD), though it is first backing accession by..
U.S. withholds support for Brazil OECD bid despite Trump endorsementThe U.S. government has not yet formally backed Brazil's bid to join the Organization for Economic Cooperation and Development despite a public endorsement by President Donald Trump, according to two..
U.S. supports Brazil’s steps towards OECD membership: PompeoThe United States supports Brazil's bid to join the Organization for Economic Cooperation and Development (OECD), Secretary of State Mike Pompeo said in a statement on Thursday.
U.S. drops support for Brazil OECD bid after Trump offered backing: Brazilian sourcesThe U.S. government has not backed Brazil's bid to join the Organization for Economic Cooperation and Development despite a public endorsement by President Donald Trump, according to two Brazilians who..
U.S. does not back Brazil for OECD membership: Brazil officialsThe U.S. government said in a letter to the Organization for Economic Co-operation and Development (OECD) that it was backing Argentina and Romania for full membership, but made no mention of Brazil's..
OECD joins Australia's push against online extremist materialAustralia will work with the OECD and New Zealand to develop a reporting protocol for tech companies to reveal publicly how many terrorist postings they remove.