The United States is a member of the Organization for Economic Cooperation and Development, which is an international organization composed of 34 democratic countries with market-based economies.
Shared goals include achieving sustainable economic growth and employment and a rising standard of living in member countries as well as engaging with non-members to contribute to the development of the world economy.
Through its cross-country economic research, “soft law,” and effective peer reviews, the OECD is a dynamic international incubator for new ideas, providing the United States an opportunity for engaging with other countries on economic policy.
Headquartered in Paris, France, the OECD was established in 1961 as the successor to the Organization for European Economic Cooperation (OEEC), created to implement the Marshall Plan in the wake of World War II. The OEEC was established as a permanent organization to continue work on a joint recovery program and in particular, to distribute Marshall Plan aid throughout Europe. In September 1961 the OEEC was superseded by the OECD, becoming a world-wide body.