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The Organization for Economic Co-operation and Development (OECD) is an international organization of those developed countries that accept the principles of democracy and a free market economy. It originated as the Organization for European Economy Co-operation (OEEC), to help administer the Marshall Plan for the re-construction of Europe after World War II. Later its membership was extended to non-European states, and in 1961 it was reformed into the Organization for Economic Co-operation and Development.
Its headquarters are at the Château de la Muette in Paris, using a building acquired from the Rothschild family.
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Members
There are currently thirty full members; of these, 24 are described as high-income countries by the World Bank in 2003.