211 BY THE UNITED STATES OF AMERIC What is the OECD? THE UNIVERSITY AUG 3 1961 LIBRARY The Organization for Economic Cooperation and Development (OECD) is to be made up of 18 European countries, Canada, and the United States, who are joining together to harmonize their economic policies in order to achieve common economic objectives. Its headquarters in Paris will be a place where representatives of these countries can frankly talk out their economic problems together. Thus each member country can become informed about the problems, the needs, and the resources of the others and so be able to fashion its economic policies to serve both its own interests and the broader mutual interests of the worldwide community of free nations. The OECD will create a strong new economic tie between Western Europe and North America and will mark a new era in free-world economic cooperation and progress. living in member countries, while maintaining financial stability, and thus to contribute to the development of the world economy; -to increase economic and technical assistance from the industrialized nations to the newly developing areas of the world; and -to contribute to the expansion of world trade. In what way will the OECD be helpful to the United States? It will be helpful in three principal ways: 1. It will provide a continuing forum for discussing methods by which the free-world nations can share equitably in expanding development assistance to the less developed countries. 2. It will provide a forum in which the member countries can consult on policies which will enable them to move in harmony with one another toward the common goal of economic growth. It will also be a framework for working out methods to deal with problems such as the current balance |