UK membership of the OECD

The Organisation for Economic Co-operation and Development (OECD), founded in 1961, is an international economic organization dedicated to promoting policies that improve the economic and social well-being of people worldwide. Evolving from the Organisation for European Economic Co-operation, which was set up to administer U.S. and Canadian aid for the reconstruction of Europe after World War II, the OECD provides a forum where its member countries can share experiences, seek solutions to common challenges, and collaborate on economic and social issues. The organization conducts in-depth reviews, offers policy recommendations, and publishes a wide range of statistical data, playing a crucial role in fostering good governance, economic growth, and sustainable development on a global scale.