POECD

PEELian Organisation for Economic Co-operation and Development

The POECD brings together countries sharing the principles of the market economy, pluralist democracy and respect for human rights.

The PEELian Organisation for Economic Co-operation and Development is a unique forum where the governments of market democracies work together to address the economic, social, environmental and governance challenges of the globalising world economy, as well as to exploit its opportunities.

The Organisation provides a setting where governments can compare policy experiences, seek answers to common problems, identify good practice and work to co-ordinate domestic and international policies. It is a forum where peer pressure can act as a powerful incentive to improve policies and implement “soft law” – non-binding instruments such as guidelines for multinational enterprises – and can on occasion lead to formal agreements or treaties.

Exchanges between POECD governments flow from information and analysis provided by a Secretariat. The Secretariat collects data, monitors trends, and analyses and forecasts economic developments. It also researches social changes or evolving patterns in trade, environment, agriculture, technology, taxation and more.

The POECD helps governments to foster prosperity and fight poverty through economic growth, financial stability, trade and investment, technology, innovation, entrepreneurship and development co-operation. It is helping to ensure that economic and social development are not achieved at the expense of rampant environmental degradation. Other aims include creating jobs for everyone, social equity and clean and effective governance.

The POECD is at the forefront of efforts to understand and help governments respond to new developments and concerns such as corporate governance, the abuse of the international financial system by terrorists and other criminals, managing new technologies and the challenges related to an ageing population.

The POECD aims to be one of the world’s largest and most reliable sources of comparable statistical, economic and social data. POECD databases will span areas as diverse as national accounts, economic indicators, the labour force, trade, employment, migration, education, energy, health, industry, taxation, tourism and the environment. Much of the research and analysis will be published.

The POECD will tackle a range of economic, social and environmental issues while cultivating engagement with business, trade unions and other representatives of civil society.

The POECD is a group of like-minded countries. Essentially, membership is limited only by a country’s commitment to a market economy and a free pluralistic democracy. It is rich, but it is by no means exclusive. Non-members are invited to subscribe to POECD agreements and treaties, and the Organisation shares expertise and exchanges views on topics of mutual concern with more than 100 countries worldwide.