HPAS/Allied Mains 2022 Answer Writing Challenge Day 233: Model Answer

Question: What are the Objectives OECD? (4 marks/60 words)

Answer:

The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental organisation with 38 member countries, founded in 1961 to stimulate economic progress and world trade.

The OECD’s Objectives

The main purpose of the OECD is to improve the global economy and promote world trade. It provides an outlet for the governments of different countries to work together to find solutions to common problems. It includes working with democratic nations that share a commitment to improving the economy and well-being of the general population.

The OECD’s main focus is to help governments around the world achieve the following:

• Improve confidence in markets and the institutions that help them function.
• Obtain healthy public finances to achieve future sustainable economic growth.
• Achieve growth through innovation, environmentally friendly strategies, and the sustainability of developing economies.
• Provide resources for people to develop the skills they need to be productive.