The Organization for Economic Cooperation and Development
LIBRARY OF CONGRESS WASHINGTON DC CONGRESSIONAL RESEARCH SERVICE
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The Organization for Economic Cooperation and Development OECD is an intergovernmental economic organization in which the 30 member countries1 discuss, develop and analyze economic and social policy. While all of the member countries are considered to be economically advanced and collectively produce two-thirds of the world s goods and services, membership is limited only by a country s commitment to a market economy and a pluralistic democracy. The member countries rely on the OECD Secretariat in Paris to collect data, monitor trends, analyze and forecast economic developments, research social changes and patterns in trade, environment, agriculture, technology, taxation and other areas to inform their discussions and to assist them in pursuing their efforts to develop common policies and practices. The U.S. has sparred periodically with other OECD member countries over various issues, including U.S. antidumping laws. The OECD Members recently selected Angel Gurria of Mexico to serve as the next Secretary General, who began his term in May 2006. Key issues for Congress include OECD work on coordinating national approaches to curtailing bribery and the illicit use of tax havens. The Bush Administration proposed appropriating 92 million to the OECD in FY2007, an 8 increase from the 85 million appropriated in the FY2006 budget. This report will be updated as events warrant.
- Economics and Cost Analysis