OECD History and Growth

 

OECD pic

OECD
Image: OECD.org

Former U.S. Assistant Treasury Secretary for Tax Policy and current co-leader of the national tax department of Ernst & Young, Michael Mundaca has been involved in tax policy for almost 25 years. Michael Mundaca has represented the interests of the United States in international economic forums, including the Organization for Economic Cooperation and Development (OECD).

The OECD has existed for more than 50 years, with its immediate predecessor organization extending back even further. The Organization for European Economic Cooperation (OEEC) began in 1948 to operate the Marshall Plan, which sought to reconstruct Europe after the wars which had ravaged it in the first half of the century. After great success, the United States and Canada also signed onto the convention alongside OEEC members, forming the OECD in 1961.

Countries across the world, including Japan, have joined the OECD since that time, and most OECD member nations have seen their gross domestic product per capita rise dramatically since joining. National wealth for multiple OECD participants has more than tripled since the organization’s inception.

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