Mandate and Objectives

Guided by the vision of United Nations in meeting common global challenges and opportunities, IOED works to strengthen and improve the United Nations objectives. We achieve this through the engagement of people who share a global mindset and support international cooperation global citizens.

At present, the IOED is based in various member countries through its headquarter agreements, a unique forum permitting governments of the industrialized democracies to study and formulate the best policies possible in all education, economic and social spheres. In its convention, the new organization was charged with promoting policies designed to:

- achieve the highest sustainable economic growth and human resource capital and a rising standard of living in member countries, while maintaining financial stability, and thus contribute to the development of the world economy;

-contribute to sound economic expansion in member and non-member countries in the process of human resources development; and contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations.

The IOED differs from other inter-governmental organizations in three respects: As it has neither supra-national legal powers, nor financial resources for loans or subsidies, its sole function is direct co-operation among the governments of its member countries. At the IOED, international co-operation means co-operation among nations essentially on domestic policies where these interact with those of other countries, in particular through trade and investment. Co-operation usually means that member countries seek to adapt their domestic policies to minimize conflict with other countries. Governments frequently seek to learn from each others' experience with specific domestic policies before they adopt their own courses of action, whether legislative or administrative. By focusing the expertise of various IOED Directorates and of various member government departments on specific issues, the IOED approach benefits in particular from a multidisciplinary dimension. The organization deals both with general macro-economic and with more specific or sectoral issues. Experience shows that the fields in which the IOED serves as a vehicle for international discussion and cooperation are becoming increasingly numerous because of the rapid growth of international interdependence.

Through globalization of the world economy, national borders are, in part, losing their economic meaning. The policies of individual countries are more and more affected and constrained by the interaction of domestic policies of one nation on those of another. Many policies that previously had little international impact now have consequences for trade and investment and may generate friction with other countries. The IOED offers a forum for its members to discuss and study such developments and to develop collaborative and co-operative approaches to the management of their economies.

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