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Questions and Answers
OEEC originally had 18 participants including countries such as Austria, Belgium, and France.
True
OECD currently has 38 member countries, including all 27 European Union member states.
False
The OECD Economic Surveys are conducted for each member country every five years.
False
OECD conducts the Programme for International Student Assessment every two years.
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The OECD collects and analyzes economic growth data to help fight poverty among its members.
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Study Notes
OEEC
- The Organization for European Economic Cooperation (OEEC) was founded in 1948 with 18 member countries.
- OEEC members included: Austria, Belgium, Denmark, France, Greece, Iceland, Italy, Luxembourg, Netherlands, Norway, Portugal, Sweden, Switzerland, Turkey, United Kingdom, and Western Germany.
OECD
- The Organisation for Economic Co-operation and Development (OECD) was formed in 1961, replacing OEEC.
- The OECD has 34 members, including 21 of the 27 European Union member states.
- The OECD also includes: Mexico, Australia, Canada, Israel, South Korea, Turkey, and the United States.
OECD Economic Data
- The OECD collects, analyzes, and reports on economic growth data for its members.
- This provides OECD members with information to promote prosperity and reduce poverty.
OECD Economic Outlook
- The OECD publishes an annual economic outlook report.
- This report analyzes the economic prospects of OECD member countries and major non-member countries.
OECD Economic Surveys
- Every one to two years, the OECD conducts economic surveys for each of its member countries.
- These surveys identify leading economic challenges and provide policy recommendations.
OECD Education
- The OECD conducts the Programme for International Student Assessment (PISA) every three years.
- PISA assesses education systems worldwide by testing the knowledge of 15-year-old students.
- The OECD uses PISA data to recommend ways to improve educational equity.
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Description
Explore the foundational history and role of the OEEC and OECD in fostering economic cooperation among member countries. Learn about the economic data they collect and how it influences policy decisions. This quiz covers key facts from their establishment to their current functions.
