Definition of Organization for Economic Cooperation and Development in English:
Organization for Economic Cooperation and Development
Or¦gan|iza|tion for Eco|nom¦ic Co|oper|ation and De¦vel¦op|ment
An organization formed in 1961 to assist the economy of its member nations and to promote world trade. Its members include the industrialized countries of western Europe together with Australia, Japan, New Zealand, and the US. Its headquarters are in Paris.