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Definition of


International Trade

association of nations promoting democracy and free market a group of 30 member countries, with a shared commitment to democratic government and the market economy, that has active relationships with some 70 other countries via nongovernmental organizations. Formed in 1961, its work covers economic and social issues from macroeconomics to trade, education, development, and scientific innovation. Its goals are to promote economic growth and employment in member countries in a climate of stability; to assist the sustainable economic expansion of both member and nonmember countries; and to support a balanced and even-handed expansion of world trade.

Related definitions of "OECD"

OECD - Related Articles
  • The Importance of Defined-Benefit Occupational Pension Schemes in Selected OECD Countries

    White Papers

    This paper discusses the role which (funded) defined benefit private sector occupational pension schemes play in national pensions in a sub-group of OECD countries. The paper shows that in the majority of countries under consideration statutory (state) pension schemes are the main if not only source of income in retirement for most people, with occupational pensions only playing at most a minor role
    By Frank Eich

  • Healthcare and Pharmaceuticals

    Sector Profiles

    2 % of GDP 2010, down from 10.6% in 2009, according to the OECD. The financial and economic crisis initially led to a rapid increase in the health spending to GDP ratio, as the Greek economy slumped but health spending was maintained. However, a subsequent cut in public spending has seen the health share

  • Mark Mobius


    chairman of the World Bank and OECD’s global corporate governance forum investor responsibility taskforce. Dr Mobius has received many awards, including Emerging Markets Equity Manager of the Year 2001 from International Money Marketing and nomination as one of the Ten Top Money Managers of the 20th Century

  • Jean Dermine


    As a consultant he has worked with international banks, auditing and consulting firms, national central banks, the European Central Bank, the Bank for International Settlements, HM Treasury, the OECD, the World Bank, and the European Commission. Professor Dermine is coauthor of the ALCO Challenge, a


Definitions of ’OECD’ and meaning of ’OECD’ are from the book publication, QFINANCE – The Ultimate Resource, © 2009 Bloomsbury Information Ltd. Find definitions for ’OECD’ and other financial terms with our online QFINANCE Financial Dictionary.

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