Higher education in Asian countries and the role of international ...

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Development (OECD) was drawn up to reform and replace the OEEC. In 1959 the heads of
governments of France, West Germany, U.K and USA agreed, in a meeting in Paris, on the
establishment of OECD and on 14 th December 1960 the convention was signed by the ministers
of 20 countries in Paris and on 30 th September 1961 seventeen countries ratified the Convention,
as a result OEEC was transformed to OECD and a new economic organization came into official
existence (OECD, 2010).
The original Member countries of the OECD are Austria, Belgium, Canada, Denmark, France,
Germany, Greece, Iceland, Ireland, Italy, Luxembourg, the Netherlands, Norway, Portugal,
Spain, Sweden, Switzerland, Turkey, the United Kingdom and the United States. Today OECD
comprises on 34 full members in four continents: Asia, Australia, Europe, North America and
South America. Furthermore OECD has working relations with more than 100 countries from
all parts of the world, which are utilizing this forum to benefit from international experiences.
OECD maintains close relations with Brazil, China, India, Indonesia and South Africa through
“enhanced engagement program” (OECD, 2010).
5.2.3 A glance at the OECD
The mission of the OECD is to promote policies that will improve economic and social
wellbeing of people around the world. According to the convention on the Organization for
Economic Cooperation and development (OECD) adopted by the member countries on 14
December 1960 in Paris the aims of the Organization are to promote policies designed:
to achieve the highest sustainable economic growth and employment and a rising
standard of living in Member countries;
to contribute to sound economic expansion in Member as well as non-member countries
in the process of economic development;
to contribute to the expansion of world trade on a multilateral, non-discriminatory basis
in accordance with international obligations
5.2.3.1 Governance
Organization for Economic Cooperation and Development (OECD) has tri-tier structure of
governance has three major component; Council, Committees and Secretariat.