In creating the Organisation for Economic Co-operation and Development in 1960 as the successor to the Organisation for European Economic Co-operation, the (then) twenty signatory countries to the OECD convention ‘established their basic aims as the promoting of policies designed: a) to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy; b) to contribute to sound economic expansion in member as well as non-member countries in the process of economic development; and c) to contribute to the expansion of world trade on a multilateral, non-discriminatory basis in accordance with international obligations’1.KeywordsLabour MarketUnemployment RateEmployment GrowthLabour Force SurveyMacroeconomic PolicyThese keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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