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Tuesday, November 20, 2012

Organization for Economic Co-operation and development


The Organisation for Economic Co-operation and Development (OECD) celebrated its 50th anniversary, but its roots go back to the rubble of Europe after World War II. Determined to avoid the mistakes of their predecessors in the wake of World War I, European leaders realized that the best way to ensure lasting peace was to  encourage co-operation and reconstruction, rather than punish the defeated.