Premium Essay

The Rich Man's Club

In:

Submitted By NRose
Words 354
Pages 2
Why is OECD known as “the rich man’s club”? Does it impact only rich countries?

The OECD stands for the Organisation for Economic Cooperation and Development. It is known as “the rich man’s club” because it is comprised of 34 of the world’s wealthiest nations (Ball, Geringer, McNett & Minor, pg. 75) and goes back to 1960, when it was comprised of 18 European countries, along with the United States and Canada. Today, developing nations such as Mexico, Chile, and Turkey have joined the OECD (TMSA). Together, these nations work together to better both themselves, as well as their fellow nations by promoting policies that will improve both the economic well being, as well as the social well being of people around the world. Think of the OECD as an open forum club for its members. Here, governments can come together and discuss common issues and find solutions to them. The one thing that all the countries in the OECD share is that they are all democratic countries and they support free market economies (oecd.org).

According to their mission, here are a few of the things the OECD does:
• Work with governments to understand what drives economic, social and environmental change
• Measure productivity and global flows of trade and investment
• Analyze and compare data to predict future trends
• Set international standards on things like agriculture and taxes

To answer the second part of the question, no, the OECD does not only impact rich countries. The policies that these countries come up with are meant to help developing countries as well. The OECD has been improving ports and custom facilities in developing countries to help them trade their way out of poverty via international trade.

Works Cited
1) Geringer, J. M., Jeanne M. McNett, and Michael S. Minor. "3." International Business: The Challenge of Global Competition. By Donald A. Ball. 13th ed. New

Similar Documents

Free Essay

Business

...an emerging economy and survived/did well/expanded Jaguar Land Rover Jaguar Land Rover has reached up to its best ever sales performance with more than 425,000 vehicles sold last year, up almost one fifth on the previous 12 months. The UK-based car maker, owned by Indian steel company, Tata, said sales had been boosted by strong demand for the new Jaguar F-Type and Range Rover Sport. On the Chinese mainland, its new largest market, sales increased by almost one third to 95,000, while sales in the UK, the second largest market, increased by 14 per year to 78,000. Jaguar, was the fastest growing premium car brand in Germany, the United States and India last year. This is because they are beginning to loose there brand image of an “old man’s car”, they used the have this image but now they have bought out the F type which is much faster and sportier “old men” just can’t handle it any more. To establish a commpany in the Chinese market. Jaguar Land Rover set up a wholly-owned National Sales Company in July 2010 to establish, manage and grow its dealer network there. However, it must have been clear to Jaguar Land Rover that to really succeed in China in the fast-growing luxury car market, it needed to be able to manufacture in China. To do this, it would need to have a joint venture partner. Initial estimates suggest production volumes at the Shanghai factory could be in the region of 130,000 vehicles a year, which would be similar to those Jaguar Land Rover achieves in its...

Words: 897 - Pages: 4

Free Essay

Aedas

...an emerging economy and survived/did well/expanded Jaguar Land Rover Jaguar Land Rover has reached up to its best ever sales performance with more than 425,000 vehicles sold last year, up almost one fifth on the previous 12 months. The UK-based car maker, owned by Indian steel company, Tata, said sales had been boosted by strong demand for the new Jaguar F-Type and Range Rover Sport. On the Chinese mainland, its new largest market, sales increased by almost one third to 95,000, while sales in the UK, the second largest market, increased by 14 per year to 78,000. Jaguar, was the fastest growing premium car brand in Germany, the United States and India last year. This is because they are beginning to loose there brand image of an “old man’s car”, they used the have this image but now they have bought out the F type which is much faster and sportier “old men” just can’t handle it any more. To establish a commpany in the Chinese market. Jaguar Land Rover set up a wholly-owned National Sales Company in July 2010 to establish, manage and grow its dealer network there. However, it must have been clear to Jaguar Land Rover that to really succeed in China in the fast-growing luxury car market, it needed to be able to manufacture in China. To do this, it would need to have a joint venture partner. Initial estimates suggest production volumes at the Shanghai factory could be in the region of 130,000 vehicles a year, which would be similar to those Jaguar Land Rover achieves in its...

Words: 897 - Pages: 4

Premium Essay

Horatio's Drive

...Know Before You Go My favorite documentary filmmaker is Ken Burns. His historical retrospectives are masterpieces, covering a wide range of topics ranging from the Civil War to baseball to jazz music. Many viewers are familiar with his recent works describing the Prohibition era and World War II, but it is easy to overlook one of his lesser known gems: Horatio’s Drive. Horatio’s Drive tells the story of Horatio Nelson Jackson’s summer in 1903. The story begins at his club in San Francisco where Horatio is debating with some of his friends. The automobile was still fairly new on the American scene. Horatio’s friends were convinced that it was a passing fad or a rich man’s playful indulgence, and that it would never catch on. Horatio was quite...

Words: 420 - Pages: 2

Premium Essay

Rhetorical Analysis Tyler Durden

... Rhetoric of Tyler Durden Written by Chuck Palahniuk, Fight Club is a novel that was released in 1996. The story follows the experiences of a person struggling with insomnia and how he takes drastic steps to regain normalcy in his life. As the doctor suggests, he is indeed not suffering from insomnia but from fatigue, caused by the job he holds that gives him frequently jet lag as he is required to travel to different countries regularly. On a deeper level, this book is about post-modern consumer society and lack of masculine identity that is prevalent among grey collar workers (Lindgren). A film, going...

Words: 1912 - Pages: 8

Premium Essay

Al Capone

...immigrants Gabriel and Teresa Capone. They had nine children. He was their forth, born January 17, 1899, in Brooklyn, New York. This is where he attended Public School 7 from age 5 to 14 until an incident with his 6th grade teacher, he gave her a beating and was then beaten and expelled by his principal, never to return. Beatings were a typical form of punishment for public school in this age and young Al was known to challenge authority. Expelled from school and transplanted to a different neighborhood, Capone met notorious criminals like; Johnny Torrio and Lucky Luciano when he joined two street gangs, the Brooklyn Rippers and the Forty Thieves Juniors. Within a few years he was regularly involved in organized crime. Capone worked at a night club called the Harvard Inn for the crime boss Frankie Yale. One night at the Harvard Inn, Capone insulted a young woman which led to fight. The brother of the woman gave Al a beating and a new nickname “Scarface”. This incident also led to Capone’s first arrest “disorderly conduct”. Al met Mary “Mae” Coughlin, a young Irish woman at a dance in 1918. It must have been a tumultuous, whirlwind of a romance because she gave birth to their son Albert “Sonny” Capone on December 4th, 1918 and then they married on December 30th, 1918. Capone was the prime suspect of two murders and the brutal beating of a rival gang member that led to an extended hospital stay. Frankie Yale knew that the gangster code would prevent any witnesses from coming forward...

Words: 2244 - Pages: 9

Premium Essay

Influenza Pandemics

...gods at all. They are gods of deceit who tell you to kill your fellows and destroy innocent children. … They are pieces of wood and stone." This statement is initially viewed as idiotic by many of the native people. Nonetheless, the British preached the gospel and try and gain land to build a church. The Africans believe a place known as the Evil Forest is “alive with sinister forces and powers of darkness. It was such a forest that, the rulers of Mbanta gave to the missionaries”. Initially, this is mean to humor the missionaries and drive them out, but the missionaries clear the land and successfully build a church. The missionaries “won his first three converts” because they survived in the Evil Forest, and “it became known that the white man's fetish had unbelievable power.” This initial crack in the African civilization grows larger, and eventually Nwoye, Okonkwo’s son, “went back to the church and told Mr. Kiaga that he had decided to go to Umuofia where the white missionary had set up a school to teach young Christians to read and write.” This symbolizes that while the youngsters embraced change and new ideas and religions, the older individuals, such as Okonkwo, did not approve. The cultural shift caused a rift among the native population, a rift based on religion’s ties and consequently age. Furthermore, the British colonizers “had also brought a government” which made laws and punishments, such as forcing prisoners to work menial labor as punishments, including “were men...

Words: 2228 - Pages: 9

Free Essay

Artist Paper

...The Language of an Artist Keith Haring liked to use repetition both in line in and form to develop his own personal iconography. As a young man, Haring was fascinated by cartoons and drew these cartoons with story lines. His was in the interested in the characters, shapes, and lines of these images. He focused on how the lines could represent the movement and give the abstracted image a more natural quality. This development is what helped him eventually develop his own library of iconography. The personal iconography would lead Haring to build an artistic language by which he could communicate messages of political, social, or even sexual nature to his viewers. Using iconography, he sends messages about life, death, rebirth, social justice, sexuality, consequences, guilt, and dread. In his work, Haring often used familiar figures repeatedly to depict various acts in different ways. One example of such a figure is the body. Haring draws the shape and form of the body as well as the motion and actions that the body can produce. He demonstrates the movement of the body and in some cases just focuses on certain parts. In some of his works, he obsessively draws the male penis. He uses lines to represent motion or action that is happening within the painting. There are ...

Words: 1787 - Pages: 8

Premium Essay

Essay On Standardized Test

...wasn’t Proficient enough that I was a failure and let down my teacher. Fifth grade was never the same after that test, I was so depressed that I didn’t meet someone else's expectations that I just went through the motions of school. Many years later I had discovered something different. In the Article "New York Will Trim Common Core Exams After Many Students Skipped Them." written by Motoko Rich, a Social Columnist for The New York Times, I had found what people think is proficient isn’t universal. Rich reported that Last month, state officials from Ohio released an early batch of test scores and declared that two-thirds of students at most grade levels were proficient on reading and math tests given last spring under the new Common Core requirements.Yet similar scores on the same tests meant something quite different in Illinois, where education officials said only about a third of students were on track. And in Massachusetts, typically one of the strongest academic performers, the state said about half of the students who took the same tests as Ohio’s children met expectations. Rich points out That the kind of inconsistency in educational standards of the Common Core. Which the Common Core academic guidelines for kindergarten through high school reading and math was intended to resolve. Reading this made my skin crawl, and my blood boil, I thought why? Why is it that Adults think it’s okay to label children? What sticks out to me is the word Expectations, that some “All mighty“...

Words: 1831 - Pages: 8

Premium Essay

Short Biography: James Butler Hickok

...On Hickok’s twentieth day of camping and prospecting near Deadwood, August 2, 1876, Hickok went into town to play some cards. He hadn’t been doing well at the tables, and the more urgent his need to win became, the worse his luck seemed to run. The day before he had written a short note to his wife that read “If such should be we never meet again, while firing my last shot, I will gently breathe the name of my wife-Agnes-and with wishes even for my enemies, I will make my plunge and and try to swim to the other shore.” Hickok never knew that he had already fired his last shot. Dressed in his town clothes, he found a game in progress at his usual table in the No. 10 Saloon, and he asked Charles Rich, who was sitting with his back to the wall, if he could instead take that stool. Rich declined with the gamblers superstition that you never give up a “lucky seat,” Carl Mann, half owner of the No. 10 Saloon, teased Hickok that no one would come at him from inside the Saloon. Hickok soon sat next to Mann and across the table from Captain William R Massie, one of the most famous steamboat captains in that era. Hickok beat Massie in cards the night before. Hickok could see the front door fine but knew that there was a small back entrance from behind him. Sam Young was tending the bar while Hickok was playing cards. Back in Hays City, he’d been in love with a dance hall girl and one night spent all his money entertaining her. While Hickok was marshal, watching unobserved, had followed...

Words: 1345 - Pages: 6

Free Essay

Racial Cultural Conflict in Some Inner Furry

...Racial Cultural Conflict in Kamala Markandaya’s Novel Some Inner Fury Usha Vikram Kaushik M.A.Ph.D Assistant professor V. M. Patel College of Management Studies Ganpat University Kherva In Some Inner Fury Markandaya has highlighted two prominent aspects of the impact of Western education and culture on the outlook of Indians. Kamala Markandaya has depicted the effect of India’s contact with Western culture and civilization which led to the emergence of three distinct types of people among the educated Indians. The novel also depicts how they are transformed under the influence of western ideologies and systems affecting the Indian attitudes and life styles. First, there are those who have been completely swept off their feet by English education and find nothing valuable in their ancient culture and way of life. They look down upon their countrymen for their backwardness. They hold high positions in the British administration in India and are considered pillars of strength by the alien rulers. Kit and his father belong to this category. Second, there are those who are fundamentalists and stick blindly to the old Indian traditions and values; they are not ready to accept the British way of life, and are deeply hostile to the British rule in India and do not hesitate to resort to violent strategy to drive them out of their land. Govind belongs to this category. And the third category of people are those like Roshan and Mira who have got Western education but are...

Words: 2782 - Pages: 12

Free Essay

Ielts Vocabulary

...abaft (adv.) on or toward the rear of a ship The passengers moved abaft of the ship so as to escape the fire in the front of the ship. abandon (v.; n) to leave behind; to give something up; freedom; enthusiasm; impetuosity After failing for several years, he abandoned his dream of starting a grocery business. Lucy embarked on her new adventure with abandon. abase (v.) to degrade; humiliate; disgrace The mother’s public reprimand abased the girl. The insecure father, after failing to achieve his own life-long goals, abased his children whenever they failed. abbreviate (v.) to shorten; compress; diminish His vacation to Japan was abbreviated when he acquired an illness treatable only in the United States. abdicate (v.) to reject, renounce, or abandon Due to his poor payment record, it may be necessary to abdicate our relationship with the client. aberrant (adj.) abnormal; straying from the normal or usual path The aberrant flight pattern of the airplane alarmed the air traffic controllers. His aberrant behavior led his friends to worry the divorce had taken its toll. abeyance (n.) a state of temporary suspension or inactivity Since the power failure, the town has been in abeyance. abhor (v.) to hate By the way her jaw tensed when he walked in, it is easy to see that she abhors him. The dog abhorred cats, chasing and growling at them whenever he had the opportunity. abject (adj.) of the worst or lowest degree ...

Words: 7713 - Pages: 31

Free Essay

Blah Blah Blah

...Tiffany Marshall English 101 November 20th, 2012 Bacardi, The Life of The Party! Many businesses today promote their products and get them noticed through advertising. There are different ways of advertising, like commercials or just a page in a magazine. In 2011, more than $400 billion was spent in just advertising. A good portion of that is for alcohol ads. Bacardi spends approximately $100 million a year on advertising. Bacardi is the largest family/privately owned alcohol company in the world today (Andrew Sorkin_). I would say Bacardi’s advertising plays a big part in making them as successful as they are. Before I talk about their advertisement, you’re probably wondering who the Bacardi’s are and how they became as successful as they are today. The Bacardi’s are one of the most successful rum companies in the world today. The company has been a part of the family for many of generations. According to Suzanne Mcgee, the company was first founded by Done Facundo Bacardi and then just went down the line from there (1). They fled from Cuba after being exiled from the leader of Cuba and went to about 18 different countries before they finally ended up and stayed in Puerto Rico (1). They said that being exiled led them to strive and drive to expand their business (1). Although Puerto Rico was their main site of production faculty, Bermuda is the location of their legal headquarters (1). Ever since they had started their business, they have been on top as one of the leading...

Words: 1565 - Pages: 7

Premium Essay

Final

...Once upon a time, there was a prostitute called Maria. Wait a minute. 'Once upon a time' is how all the best children's stories begin and 'prostitute' is a word for adults. How can I start a book with this apparent contradiction? But since, at every moment of our lives, we all have one foot in a fairy tale and the other in the abyss, let's keep that beginning. Once upon a time, there was a prostitute called Maria. Like all prostitutes, she was born both innocent and a virgin, and, as an adolescent, she dreamed of meeting the man of her life (rich, handsome, intelligent), of getting married (in a wedding dress), having two children (who would grow up to be famous) and living in a lovely house (with a sea view). Her father was a travelling salesman, her mother a seamstress, and her hometown, in the interior of Brazil, had only one cinema, one nightclub and one bank, which was why Maria was always hoping that one day, without warning, her Prince Charming would arrive, sweep her off her feet and take her away with him so that they could conquer the world together. While she was waiting for her Prince Charming to appear, all she could do was dream. She fell in love for the first time when she was eleven, en route from her house to school. On the first day of term, she discovered that she was not alone on her way to school: making the same journey was a boy who lived in her neighbourhood and who shared the same timetable. They never exchanged a single word, but gradually Maria...

Words: 22769 - Pages: 92

Free Essay

How to Get Rich

...▼How to Get Rich ◄ 2 ► ▼How to Get Rich Contents Title Page Dedication Introduction Five Billion Reasons Why You Should Read This Book PART I The Donald J. Trump School of Business and Management PART II Your Personal Apprenticeship (Career Advice from The Donald) PART III Money, Money, Money, Money PART IV The Secrets of Negotiation PART V The Trump Lifestyle ◄ 3 ► ▼How to Get Rich PART VI Inside The Apprentice Acknowledgments Appendix Behind the Scenes at the Trump Organization About the Author Also by Donald J. Trump Copyright ◄ 4 ► ▼How to Get Rich To my parents, Mary and Fred Trump ◄ 5 ► ▼How to Get Rich The Mother of All Advice Trust in God and be true to yourself. —Mary Trump, my mother When I look back, that was great advice, concise and wise at once. I didn’t really get it at first, but because it sounded good, I stuck to it. Later I realized how comprehensive this is—how to keep your bases covered while thinking about the big picture. It’s good advice no matter what your business or lifestyle. —DJT ◄ 6 ► ▼How to Get Rich TRUMP How to Get Rich ◄ 7 ► ▼How to Get Rich Introduction Five Billion Reasons Why You Should Read This Book A lot has happened to us all since 1987. That’s the year The Art of the Deal was published and became the bestselling business book of the decade, with over three million copies in print. (Business Rule #1: If you don’t tell people about your success, they probably won’t know...

Words: 53431 - Pages: 214

Free Essay

Download a Paper

...▼How to Get Rich ◄ 2 ► ▼How to Get Rich Contents Title Page Dedication Introduction Five Billion Reasons Why You Should Read This Book PART I The Donald J. Trump School of Business and Management PART II Your Personal Apprenticeship (Career Advice from The Donald) PART III Money, Money, Money, Money PART IV The Secrets of Negotiation PART V The Trump Lifestyle ◄ 3 ► ▼How to Get Rich PART VI Inside The Apprentice Acknowledgments Appendix Behind the Scenes at the Trump Organization About the Author Also by Donald J. Trump Copyright ◄ 4 ► ▼How to Get Rich To my parents, Mary and Fred Trump ◄ 5 ► ▼How to Get Rich The Mother of All Advice Trust in God and be true to yourself. —Mary Trump, my mother When I look back, that was great advice, concise and wise at once. I didn’t really get it at first, but because it sounded good, I stuck to it. Later I realized how comprehensive this is—how to keep your bases covered while thinking about the big picture. It’s good advice no matter what your business or lifestyle. —DJT ◄ 6 ► ▼How to Get Rich TRUMP How to Get Rich ◄ 7 ► ▼How to Get Rich Introduction Five Billion Reasons Why You Should Read This Book A lot has happened to us all since 1987. That’s the year The Art of the Deal was published and became the bestselling business book of the decade, with over three million copies in print. (Business Rule #1: If you don’t tell people about your success...

Words: 53431 - Pages: 214