The Organization for Economic Cooperation and Development
The Organization for Economic Cooperation and Development
Like the UN, the Organization for Economic Cooperation and Development (OECD), as illustrated in the map on page M-10, is a multilateral form of cooperation, made up primarily of industrial countries. The OECD was organized in 1961 to assist member governments in formulating policies aimed
at promoting economic and social welfare and to stimulate and harmonize members' assistance to developing countries.44 It is comprised of 24 countries and has over 200 different committees that deal with economic issues. Three committees—the Trade Committee, the Executive Committee Special Session, and the Development Assistance Committee—deal with specific trade issues.
The Trade Committee provides a forum for considering long-range trade policies of member nations and for discussing current problems as well. The Executive Committee Special Session deals with the coordination of national economic policies. This discussion has taken on increased significance over the past few years as inflation has dropped and currencies have come under pressure owing to the fluctuating U.S. dollar. The Development Assistance Committee is concerned about the transfer of financial resources to the developing countries.
The OECD has issued a code of conduct relating to the operations of MNEs to ensure that the MNEs operate in support of economic and political objectives of the individual member nations. In addition, the OECD issued a set of guidelines dealing with MNEs' disclosure of financial and operating information.
The UN and the OECD are multilateral institutions with broader appeal than the narrower trade or economic issues described earlier in the chapter. All of these organizations, however, have an additional useful purpose: They provide a forum where nations can discuss political, economic, and social issues of mutual benefit and, it is hoped, come to a cooperative consensus.
League of Arab States
A final notable group of countries is the Arab League, as illustrated in the map on page M-10. Comprised of 22 North African and Middle Eastern countries, including Palestine, the Arab League "is a voluntary association of sovereign Arab states designed to strengthen the close ties linking them and to coordinate their policies and activities and direct them toward the common good of all the Arab countries."45 The Arab League has a variety of committees, some dealing with economic issues, but its mandate deals more with political than economic issues, and it is not attempting to establish any type of free trade area or common market. Most recently, it has attempted to mediate a solution to the crisis in Lebanon and to solve the problems of the Palestinians and the occupied territories in Israel.
Like the UN, the Organization for Economic Cooperation and Development (OECD), as illustrated in the map on page M-10, is a multilateral form of cooperation, made up primarily of industrial countries. The OECD was organized in 1961 to assist member governments in formulating policies aimed
at promoting economic and social welfare and to stimulate and harmonize members' assistance to developing countries.44 It is comprised of 24 countries and has over 200 different committees that deal with economic issues. Three committees—the Trade Committee, the Executive Committee Special Session, and the Development Assistance Committee—deal with specific trade issues.
The Trade Committee provides a forum for considering long-range trade policies of member nations and for discussing current problems as well. The Executive Committee Special Session deals with the coordination of national economic policies. This discussion has taken on increased significance over the past few years as inflation has dropped and currencies have come under pressure owing to the fluctuating U.S. dollar. The Development Assistance Committee is concerned about the transfer of financial resources to the developing countries.
The OECD has issued a code of conduct relating to the operations of MNEs to ensure that the MNEs operate in support of economic and political objectives of the individual member nations. In addition, the OECD issued a set of guidelines dealing with MNEs' disclosure of financial and operating information.
The UN and the OECD are multilateral institutions with broader appeal than the narrower trade or economic issues described earlier in the chapter. All of these organizations, however, have an additional useful purpose: They provide a forum where nations can discuss political, economic, and social issues of mutual benefit and, it is hoped, come to a cooperative consensus.
League of Arab States
A final notable group of countries is the Arab League, as illustrated in the map on page M-10. Comprised of 22 North African and Middle Eastern countries, including Palestine, the Arab League "is a voluntary association of sovereign Arab states designed to strengthen the close ties linking them and to coordinate their policies and activities and direct them toward the common good of all the Arab countries."45 The Arab League has a variety of committees, some dealing with economic issues, but its mandate deals more with political than economic issues, and it is not attempting to establish any type of free trade area or common market. Most recently, it has attempted to mediate a solution to the crisis in Lebanon and to solve the problems of the Palestinians and the occupied territories in Israel.
Comments
Post a Comment