Since 1961 the Organization for Economic Co-operation and Development (OECD) has assisted states in managing intensified interdependence. The OECD spends the majority of its time engaged in prosaic, yet valuable, tasks including surveillance, providing a forum for policy dialogue, identifying and analysing emerging issues, and supporting government bureaucracies and other international organizations. However, the OECD and its predecessor, the Organization for European Economic Cooperation (OEEC), have played a pivotal, if frequently unacknowledged, role at some of the critical junctures in post-war economic history. Initially the OEEC oversaw the implementation of the Marshall Plan while the OECD was a crucial intermediary in the resolution of the 1973 oil crisis. More recently, the OECD’s path breaking analytical work on agricultural subsidies was vital to the completion of the Uruguay Round (Cohn, 2002: 181–185) and it has played a major part in assisting the transition of the former communist countries of Eastern Europe from centrally planned to market oriented economies.
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Woodward, R. (2007). The Organization for Economic Co-operation and Development: Meeting the Challenges of the Twenty-First Century?. In: Lee, S., Mcbride, S. (eds) Neo-Liberalism, State Power and Global Governance. Springer, Dordrecht. https://doi.org/10.1007/978-1-4020-6220-9_15
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