What is the OECD?
What does “a club of mostly rich countries” actually do?
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By BUTTONWOOD
MANY articles in The Economist cite reports or statistics from the Organisation for Economic Co-operation and Development or OECD. Often we add the description, “a club of rich countries” (something it isn’t that happy about). What is this club, and what does it actually do?
More from The Economist explains
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What is a carry trade?
Borrowing cheaply to buy high-yielding assets is popular, but risky
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The significance of liquid water on Mars
There could be an ocean’s worth deep underground
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Why Russian troops are attacking on motorbikes
New conditions give rise to new tactics
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The conspiratorial belief has spread online, fuelling disorder in Britain
Would legal doping change the Olympics?
The impact would be smaller—and worse—than proponents of drug-taking claim
Do vice-presidential picks matter?
If they have any effect on an election’s result, it is at the margins