The OECD has an interesting history. Typical of the Anglo Saxon Western World just after the World War II, it was for the western economies and countries. So in 2007, the same institutional contradictions that you see in the United Nations, World Bank, IMF, etc. are also shown up in the OECD.
The OECD brings together the governments of countries committed to democracy and the market economy from around the world to:
• Support sustainable economic growth
• Boost employment
• Raise living standards
• Maintain financial stability
• Assist other countries' economic development
• Contribute to growth in world trade
All very fine and good but all this without the presence of the huge economically big and important countries of Chile, Baltic , Israel, Russia, Slovenia, Brazil, China, India, Indonesia and South Africa. See the current list and think about the contribution that these countries are making to global growth. Can you imagine excluding the BRIC countries?
So they finally decided to wake up in May 2007 and I quote:
16/05/2007 - OECD countries agreed to invite Chile, Estonia, Israel, Russia and Slovenia to open discussions for membership of the Organisation and offered enhanced engagement, with a view to possible membership, to Brazil, China, India, Indonesia and South Africa. Extract from the Council Resolution on Enlargement and Enhanced Engagement (adopted by Council at Ministerial level on 16 May 2007)
Well, I suppose better late than never but tut tut!