Assessment of the Role of the Organisation for Economic Co-operation and Development (OECD) In Global Governance: Developing Country's Perspectives

Abstract

In the world of today, both developed, developing, and underdeveloped countries have realized that they cannot achieve much on their own, hence the need for partnership or collaboration with other countries to achieve set goals. The Organisation for Economic Co-operation and Development (OECD) is an intergovernmental economic organisation in which member countries discuss and develop key policy recommendations that often serve as the basis for international standards and practice. The paper will assess the role of the organisation and its impact on global governance. The research is doctrinal and makes use of primary and secondary sources of materials, such as journals, books, and internet materials to x-ray the organisation’s history and development from inception, its roles, and powers etcetera. The paper also considers the challenges faced by the organisation in the discharge of its functions, as well as examines how the organisations’ global governance affects the economy of countries and draws lessons that can positively impact the economy of countries. The paper concludes with some recommendations.