Definition of the Organization for Economic Cooperation and Development from the Oxford Advanced Learner's Dictionary

 

the Organization for Economic Cooperation and Development

 
BrE
 
; NAmE
 
(abbreviation the OECD)
 
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an international organization set up in 1961 with the aim of helping member countries to work together in areas of economic and social policy. There are 34 members, including Britain and the US. The main offices are in Paris.