If you work across time zones, borders and cultures, this is the show for you. In the Weekly Concept series, Leonardo aims at defining a topic in international business. These are shorter episodes to illustrate key concepts in this discipline.

Today, we talk about the OECD (Organisation for Economic Co-operation and Development).

It was established in 1961 to boost the economic growth of Western industrialized countries and to promote global trade. Initially made by 20 founding members, it currently has 38 member countries. Originally the membership was exclusively North American and European, but it then expanded further. Its headquarters is in Paris and employs over 2,300 staff. The organization is founded by its members, and the national contributions are based on each member’s economy.

So, what does the OECD really do? At its heart, the organization is all about encouraging policies that drive prosperity, fairness, and well-being for everyone.

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