Organisation for Economic Co-operation and Development (OECD)

A multidisciplinary international body made up of 30 member countries that offers a structure/forum for governments to consult and co-operate with each other in order to develop and refine economic and social policy. While the OECD does not set rules and regulations to settle disputes like other international bodies, it encourages the negotiation of agreements and the promotion of legal codes in certain sectors. Its work can lead to binding and non-binding agreements between the member countries to act in a formal way. The OECD is best known for its publications and statistics.