Definition: The OECD is an association of 30 nations in Europe, North America, and the Pacific that works to promote the economic welfare of its members, and coordinates their efforts to aid developing countries.
Also Known As: Organization for Economic Cooperation and Development
Alternate Spellings: O.E.C.D.
Examples: The Organization for Economic Cooperation and Development (OECD) predicted that China, India and Russia will grow strongly over the next six months.
