THE ORGANISATION FOR ECONOMIC CO-OPERATION AND DEVELOPMENT

The mission of the OECD is to promote policies that will improve the economic and social well-being of people around the world.

The OECD provides a forum in which governments can work together to share experiences and seek solutions to common problems.They work with governments to understand what drives economic, social and environmental change.

Drawing on facts and real-life experience, they recommend policies designed to make the lives of ordinary people better.

MISSION

Objective: Analyses and recommendations are independent evidence-based.

Open:Encourage debate and a shared understanding of critical global issues.

Bold:Dare to challenge conventional wisdom starting with our own.

Ethical:Their credibility is built on trust,integrity and transparency.

The OECD’s Core Value

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.

OECD was established in 1948 to run the US-financed Marshall Plan for reconstruction of a continent ravaged by war.

Canada and the US joined OEEC members in signing the new OECD Convention on 14 December 1960.

HISTORY

OECD was officially born on 30 September 1961.

Today, 34 OECD member countries worldwide regularly turn to one another to identify problems, discuss and analyse them, and promote policies to solve them.

HISTORY

1961: OECD Codes of Liberalisation of Capital Movements and of Current Invisible Operations

1976:OECD Guidelines for Multinational Enterprises

1978: Arrangement on Officially Supported Export Credits

1979 & 1995: OECD Transfer Pricing Guidelines

Some Major OECD Achievements

1998:Recommendation on Effective Action against Hard-core Cartels

2001: Recommendation on Untying Aid to Least Developed Countries

2009 :OECD Guidelines on Human Biobanks and Genetic Research Databases

2010: OECD Innovation Strategy 2011:OECD Green Growth Strategy

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OECD COUNTRIES

OECD covers; 60% of world GDP 76% of world trade 19% of the world's population 39% of the world's energy production 54% of world energy consumption 95% of the world official development

assistance

Turkey, the OECD is one of the founding 20 members.Turkey, in the context of global economic developments and their results closely follow the OECD, and contributes to the work. OECD studies and best practices in the countries in which the development and reform process in Turkey, to create a good foundation for the changes required by legislation and practice, and provides the possibility of sampling.

Turkey’s Relationship with OECD

Collection of Data & Information

Analysis

Making Discussions

Decision Making

Implementations

Peer Reviews&

Multilateral Surveillance

OECD’s WORKING METHOD

Common decisions taken by the representative of the member states and the European Commission.As a result of researches, Economic Study

draft that includes proposals is createdCommittee come together, and

discuss policy regarding the information

Evaluation of the relevant country under the guidance of analyser countries & other member countries

Analyzed country advocates its policiesDraft is revised by the help of proposalsIt is accepted by Committee

Overview Economic Survey of Turkey 2012

1.Turkey’s economy rebounded vigorously following the global crisis, but in the process external and domestic macroeconomic imbalances emerged.

2.Rebalancing has started but needs to be consolidated.

3.A new monetary policy regime was put in place in late 2010.

4.External competitiveness remains crucial for Turkey’s economic performance both in the short and the long term.

5.Structurally strengthening the business sector is crucial to boost productivity.

6.Potential output and living standards could be raised by up to a quarter by 2030 relative to a baseline projection.

Aims of the OECD To achieve the highest sustainable economic

growth and employment and a rising standard of living in Member countries, while maintaining financial stability, contribute the development of world economy.

To contribute to sound economic expansion in Member as well as nonmember countries in the process of economic development

To contribute to the expansion of world trade on a multilateral, nondiscriminatory basi in accordance with international obligations.

The countries that are members of OECD or trying to be one have some common principles ;

Democracy Commitment to human rights and freedom Consistent development with the open

market economy

OECD tries to have these principles in the member countries.

Also, promotes these principles in non-member countries.