Definition: Organization for Economic Cooperation and Development (OECD)

Organization for Economic Cooperation and Development (OECD) - "club of the rich (high-income) countries of the world, viz., the United States, Canada, Western Europe, Japan, South Korea, Australia, and New Zealand. In addition, upper-middleincome Poland, Czech Republic, Slovak Republic, Hungary, Iceland, Turkey, and Mexico are members." - source: Economic Development 4th Edition by E. Wayne Nafziger

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