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OEEC

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OEEC

Abbreviation for Organization for European Economic Cooperation, which was superseded by the Organization for Economic Cooperation and Development (OECD) in 1961.



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The OEEC became the OECD in 1961 with a mission to support sustainable economic and employment growth, raise living standards, maintain financial stability and contribute to the world trade growth.
The OEEC, where Jackson was a deputy secretary of the council for nearly four years, implemented the Marshall Plan--'a most satisfying and thrilling sequel to the war'.
Both the OEEC and the EEC conformed to the tradition of The Federalist, in which a federal authority recommends itself if it is "an effective umpire to competing national governments" (Breton, Cassone, and Fraschini 1998, 40).
 
 
 
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