Word: oecd
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Dates: during 1961-1961
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Uncommon Development. Europe today is a tangled skein of alliances and associations, knitting the nations together for everything from the defense of the free world (NATO) to the telecasting of the Scots Guards into the homes of Athenians and Ankarans (EUROVISION), and the exchange of trade (EFTA), aid (OECD). and commemorative postage stamps (CEPT). Some of these organizations are not radically different from the old familiar alliances that the European nations have always found it convenient to form in times of relative peace. The drastic new departure that galvanizes all the others is the six-nation Common Market, comprising France...
...OECD (Organization for Economic Cooperation and Development). Concludes Fulbright: "In the words of the Spanish philosopher Salvador de Madariaga: 'The trouble today is that the Communist world understands unity but not liberty, while the free world understands liberty but not unity. Eventual victory may be won by the first of the two sides to achieve the synthesis of both...
...development grants. Dillon's monument was the Organization for Economic Cooperation and Development-a Marshall Plan successor that now molds the foreign aid programs of the free world. Dillon helped draw up plans for the program, and last December, weeks before he moved into Treasury, proudly signed the OECD charter...
...play a poor part in getting the new Organization for Economic Co-operation and Development to meet American demands for more multilateral aid. The U.S. plans to ask Japan and Western European nations to contribute an annual one per cent of their gross national products to overseas assistance. The OECD, which will employ the world's best planning minds, will react very rudely to the prospect of handling America's funds through the old and clumsy beast...