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

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Its basic objectives also include; achieving highest sustainable economic development and
growth; expansion of world trade; financial stability; uplifting standard of living and overcome
unemployment in member and non-member countries. Since its inception this organization is
very active and provides an extraordinary forum where the governments of its member as well as
non-member countries share and compare policy experiences, work for domestic and
international polices, find solution of common problems and make joint efforts to meet the
economic, social, and environmental challenges. 24
The OECD encourages free and open competitions, more trade at regional and international level
to make the markets consumer friendly. As People are the real strength of any country, OECD
gives great importance to formation and development of human capital according the social and
economical needs. It also the leading organization in making efforts and finding ways to both
grow the economy and save the environment as sustainable development is the best
development. To eradicate poverty OECD is spending 100 billion dollars in the developing
world and it also ensures the proper utilization of the funds. OECD is an “intellectual hub” and
think tank. OECD Centers are located in Berlin, Mexico, Tokyo and Washington whereas its
headquarter is in Paris.
The performance of individual countries, monitored by their peers, and carried out at committee-
level, is at the heart of its effectiveness. An example of the peer review process at work is to be
found in the Working Group on Bribery, which monitors the implementation by signatory
countries of the OECD Convention on Combating Bribery of Foreign Officials in International
Business Transactions.
5.2.4.1 How does OECD act?
OECD uses discussions and dialogues as effective tools both at intra and inter-nations levels to
find solutions and to face the challenges. The logic behind this approach is that when people with
common goals come on a platform to exchange ideas and to share experiences, then they are in
better position to meet the challenges and to solve knotty problems faced to the society.
Through negotiations OECD countries agree on rules of the game for international co-operation.
They can culminate in formal agreements by countries, for example in the application of bilateral
treaties on taxation, or recommendations, for example on cross-border co-operation in enforcing
24 OECD Video «About OECD » (http://www.oecd.org/pages/0,3417,en_36734052_36734103_1_1_1_1_1,00.html ) retrieved
on 14 th December 2010