Toggle open close
The United States played a leading role in creating the Organization for Economic Co-operation and Development (OECD). The United States had established the Organization for European Economic Co-operation (OEEC) in Paris to administer the Marshall Plan that helped to rebuild post–World War II Europe.REF The OECD succeeded the OEEC in 1961 to provide ongoing research and economic policy coordination.REF
In its early years, the then-politically centrist OECD developed greater trade and access to capital markets among its market-oriented democratic member states. It also provided useful economic data and research to improve the rule of law and combat corruption and bribery.