Headquartered in Paris, the Organisation for Economic Co-operation and Development (OECD) is a forum in which governments work together to deal with the economic, social and environmental challenges arising from globalisation. It was established in 1961 as the successor organisation to the OEEC (Organization for European Economic Cooperation), which had coordinated the Marshall Plan.
The OECD has the task of fostering policies aimed at achieving sustainable economic growth and employment. Today, 37 countries are members of the OECD. It maintains a dialogue with more than 70 other countries. The OECD provides analyses, economic evaluations and forecasts to assist multilateral cooperation.
The priority of the OECD's work is financial and economic policies. However, employment and social policies are becoming increasingly important for the OECD. The activities in this field are coordinated by the Employment, Labour and Social Affairs Committee (ELSAC) in cooperation with the OECD Secretariat. The OECD publishes its Employment Outlook every year. This publication contains the OECD's forecasts regarding growth, employment and wages. The OECD also reviews the labour market and social policies and the reform efforts of its member countries in its regular Economic Surveys.