OECD: transcript indicates world domination

2024 Author: Howard Calhoun | [email protected]. Last modified: 2023-12-17 10:16

Everyone who is interested in trends in the global economy is certainly aware of the existence of such an authoritative organization as the OECD. The decoding of this abbreviation says that this is the Organization for Economic Cooperation and Development. This structure has existed for quite a long time, and over time, its influence only increases.

Globalization of the world economy

The economic development of countries and territories has never been isolated. But the degree of dependence of the economies of different countries on each other in different eras was far from the same. In the process of development, interdependence increased and gradually reached a new level. One of the dominant trends in world development at the beginning of the third millennium is the process of so-called "world globalization". It is expressed in the fact that the economy of all developed countries cannot exist and develop separately from world political and economic realities. This fact was recognized as early as the middle of the twentieth century, when the Organization for European Economic Cooperation was established in 1948. This structure was the immediate predecessor of the modern OECD. The decoding of the name of the organization was changed in the sixties. This reflected the geographical expansionframework structure from the European continent to the entire global economic space.

Goals and objectives of the organization

The Organization for Economic Cooperation and Development has neither economic nor even political powers. Its goals and objectives are not to directly make decisions, but to influence their adoption. The functions and program tasks of many international structures are indicated in their official names. The OECD is no exception. The decoding of the name of this organization gives an idea of the sphere of application of the efforts of this supranational structure. The OECD performs the functions of coordinating the actions of stakeholders in the direction of economic development and creating the most comfortable climate for business. The most important activities of the organization are the unification of technical and tax standards, bringing national legal systems to a form that excludes contradictions with other countries in a single space for economic development. Work is underway to combat corruption.

OECD expansion

It's not uncommon to hear about the OECD's claims to world domination. There are certain grounds for such assertions. The organization today includes 34 countries, including most of the states of the European Union. OECD countries account for about sixty percent of world industrial production. But this only says that it is simply impossible to live in the modern technological world and be isolated from it. Many countries cooperate with the OECD in a number of areas without being members of the OECD. The expansion of the Organization for Economic Co-operation and Development is limited by the rigid standards that countries must meet to qualify for full membership. The OECD's expansion list includes major emerging economies such as Brazil, India, China, Indonesia and South Africa.

OECD and Russian Federation

The OECD's relationship with Russia is not easy. For many years, the Russian Federation has declared a course towards integration into this international structure. Russia's accession to the World Trade Organization was a significant step in this direction. But in March 2014, the process of Russia's integration into the OECD was suspended indefinitely. The reason for this was mainly economic sanctions against the backdrop of the Ukrainian crisis. But the increased anti-Western rhetoric in Russian ruling circles is also significant. Many in Russia question the very need for the country's integration into this international structure. Anti-globalization conservative tendencies are becoming more and more pronounced in many countries and regions of the world. Russia is no exception in this regard.

Prospects for globalization

In less than seven decades of its existence, the OECD, the deciphering of the name of which indicates claims to global influence, has managed to become a very authoritative structure. At the beginning of the third millennium, newprospects and directions of activity in the sphere of coordination of economic development and the world division of labor. The global production of we alth in the twenty-first century is increasingly shifting to the region of Southeast Asia. And the OECD organization plays a coordinating function in this process. It promotes a balanced consideration of the legitimate interests of the owners of intellectual property rights to high-tech products and those who produce these products.