Organisation for European Economic Co-operation (OEEC) / OECD
유럽경제협력기구 (OEEC) / 경제협력개발기구 (OECD)
The Organisation for European Economic Co-operation (OEEC) was established in April 1948 as an intergovernmental body of 18 Western European nations to coordinate the distribution of Marshall Plan aid and the reconstruction of Europe's economy. It expanded into trade liberalisation, currency convertibility, and regular economic consultation among members before being reconstituted in September 1961 as the Organisation for Economic Co-operation and Development (OECD), which admitted non-European countries as full members. The OEEC-to-OECD transformation represents the institutional legacy of the Marshall Plan evolving into a permanent global economic governance body that outlasted the Cold War.
Related historical events
Sources
- Wikipedia (EN) OECD article covering OEEC history: established April 1948, 18 Western European members, Marshall Plan aid administration; superseded by OECD September 1961 with US/Canada as full members
- archives.eui.eu EUI Historical Archives: OEEC founded 16 April 1948, created to allocate Marshall Plan aid and effect European Recovery Programme; 18 members; replaced by OECD September 1961
- britannica.com Britannica: OEEC set up April 1948 to coordinate European recovery under Marshall Plan; abolished trade restrictions, allocated scarce resources; superseded by OECD 1961