23 May '11, 4pm

OECD turns 50, ageing with globalisation

PARIS : From post-war reconstruction in Europe to the next age of globalisation, the OECD has been both navigator and pilot of vast economic change which it celebrates with a 50th birthday this week. Preparing for a new era with the rise of emerging economies, the Organisation for Economic Cooperation and Development also looks back half a century to a different world. By 1961, Europe was moving on from reconstruction after World War II and to help spread prosperity around the world, the OECD was created in Paris to help guide and oversee the next stage. The OECD, celebrating its anniversary from Tuesday to Thursday with events looking towards new growth and new wellbeing, replaced the body that was set up in 1947 to run the Marshall Plan of massive US aid to war-wrecked Europe. In 1961, the United States was by far the undisputed power in the global economy, the European ...

Full article: http://www.channelnewsasia.com/stories/afp_world_business...

Tweets