The OECD is an intergovernmental economic organisation with 38 member countries that works to build strong economies and foster global policies.
Key Functions:
- Provides comparative statistics and analysis on economic and social issues.
- Conducts peer reviews and makes policy recommendations through consensus-building.
- Spearheads international cooperation initiatives like the BEPS framework.
Example:
The OECD’s analysis influenced national reforms to digital services taxation in response to the digitalization of economies.
Key Takeaways:
As the leading international forum on policy issues, the OECD plays an important role in benchmarking progress, identifying challenges and facilitating multilateral solutions through evidence-based discussion among member states.