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Australia Edition
Tuesday, 13 April 2021

OECD

International economic organisation


OECD
OECD

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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News coverage

How paying women less is costing Japan

Bleacher Report AOL

Japan is stuck decades in the past when it comes to gender equality. OECD officials say underutilizing women in workplace costs..

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