What is the purpose of OECD (Organisation for Economic Cooperation and Development)?

Sustained economic growth
Employment
Higher standards of living
All of the above

The correct answer is D. All of the above.

The OECD is an intergovernmental organization that promotes policies that foster prosperity, democracy, and sustainable development. It was founded in 1961 to help countries rebuild after World War II, and it now has 38 member countries, including most of the world’s developed economies.

The OECD’s work focuses on a wide range of issues, including economic growth, employment, education, environment, and social policy. It provides a forum for governments to share information and best practices, and it develops policy recommendations that are designed to help countries achieve their economic and social goals.

The OECD’s work has had a significant impact on the world economy. For example, the OECD’s work on corporate governance has helped to improve the transparency and accountability of companies, and its work on competition policy has helped to promote competition and innovation in the marketplace.

The OECD is a valuable resource for governments, businesses, and individuals. Its work provides insights into the latest economic and social trends, and its policy recommendations can help countries to improve their performance.

Here is a brief explanation of each option:

  • Sustained economic growth: The OECD works to promote economic growth by encouraging countries to adopt sound economic policies. It also provides data and analysis on economic trends, which can help governments to make informed decisions about economic policy.
  • Employment: The OECD works to promote employment by encouraging countries to adopt policies that support job creation. It also provides data and analysis on labor markets, which can help governments to understand the challenges facing workers and employers.
  • Higher standards of living: The OECD works to promote higher standards of living by encouraging countries to adopt policies that improve the quality of life for their citizens. It also provides data and analysis on social indicators, such as income inequality and poverty rates, which can help governments to identify areas where they need to improve.
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