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Organisation for Economic Co-operation and Development (OECD)

March 10, 2016

The OECD has the objective of contributing to sustainable economic growth and employment in its member states

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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, 34 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.

On 15 January 2016, the OECD hosted an Employment and Labour Ministerial Meeting on the topic of "Building more resilient and inclusive labour markets" at its Paris headquarters. 27 labour ministers participated in the conference, among them Federal Minister Andrea Nahles, who was actively involved as a co-chair. Prior to the Ministerial Conference, the OECD held an international policy forum on the future of work attended by more than 300 policy-makers, representatives of international organisations, such as the ILO, private sector actors and social partners. During one of the policy forum’s panel discussions, Federal Minister Nahles and her American counterpart, Thomas Perez, took a critical look at recent labour market developments - for example, at the services provided by the online platform Uber - and Minister Nahles also defended the newly introduced German minimum wage on the international stage. The OECD used the high-ranking two-day event to present its Jobs Strategy for the next years, which will be presented in more detail at a conference in Germany in 2017.

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