1.Stable Macroeconomic Management and International Cooperation in Economic PolicyThe OECD provides a platform from which to discuss global economies, including both member states and emerging countries, with a view to ensuring the stability and development of the world economy while also o■ering assistance to non-member states. It produces reports on individual countries’ economies, as well as the OECD Economic Outlook. The OECD Model Tax Convention was formulated in 1963 as a part of the establishment of international rules in the ■eld of international taxation and has been periodically revised to meet the needs of the times. The OECD addresses international tax avoidance by multinational corporations through the Base Erosion and Pro■t Shifting (BEPS) Project.2. Promoting Free Trade and InvestmentThe OECD conducts analyses designed to strengthen the multilateral trading system led by the WTO, and promotes investment liberalisation through the relevant rules and analytical work in the ■eld. In order to promote rules to be observed in international investment and business initiatives, and to ensure better implementation of responsible business conduct and corporate governance, the OECD adopted the OECD Guidelines for Multinational Enterprises on Responsible Business Conduct, the Anti-Bribery Convention, and the G20/OECD Principles of Corporate Governance.3. Addressing New Economic and Social ChallengesIn addition to leading discussions on drawing up common rules in the digital sector, such as those pertaining to arti■cial intelligence (AI) and Data Free Flow with Trust (DFFT), the OECD also contributes to policy making by providing analyses on issues including gender equality, addressing employment associated with ageing populations, and the state of school education.The OECD evolved from the Organisation for Economic Co-operation in Europe (OEEC), which was created in 1948 to administer aid under the Marshall Plan for the reconstruction and subsequent develop-ment of the European economies after the devastation of World War II. In 1961, the OECD was established as a successor organisation to the OEEC, with a broader mandate to discuss international economic issues with a global perspective. In keeping with its history as an organisation, the OECD is tasked with meeting the following three main objectives:1.Economic GrowthAchieving the highest sustainable economic growth and employment and a rising standard of living while maintaining ■nancial stability.2.Assistance to Developing CountriesContributing to sound economic growth of regions still under development.3.Promotion of free, multilateral, and non-discriminatory tradeContributing to the expansion of free and fair world trade in accordance with international obligations.OECD’s Three Objectives Major OECD Initiatives
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