What organization does OECD refer to?

The correct answer identifies OECD as the Organization for Economic Cooperation and Development. This international organization was established to promote policies that improve the economic and social well-being of people around the world. Its members, primarily developed nations, work together to foster economic growth, enhance stability, and improve living standards.

The organization's focus includes a wide range of issues such as economic policy, education, health, and environmental sustainability. Through its research, data, and recommendations, OECD aids policymakers in making informed decisions. Its work emphasizes the importance of collaboration among countries to address global challenges effectively, making the concept of cooperation central to its mission.

Understanding the significance of OECD in the context of global governance and economic collaboration helps appreciate its impact on international economic policies and development strategies.