Association for Economic Development and Cooperation: Difference between revisions
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Revision as of 23:38, 6 February 2020
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| Abbreviation | AEDC |
|---|---|
| Motto | Co-Operation Towards Economic Development |
| Type | Intergovernmental organisation |
| Purpose | Improving economic relations in the developed world |
Membership (2020) | oof lots |
Official language | Estmerish, Gaullican |
Secretary-General | me |
Deputy Secretary-General | you |
Budget (2019) | €380 million |
| Website | aedc |
The Association for Economic Development and Cooperation (AEDC; Gaullican:) is an intergovernmental organisation with [ ] members, founded in the decade of the 80's as a way to promote economic co-operation and encourage commercial ties within the developed world after a financial crisis with global implications. Nations members of the organisation describe themselves as committed to democracy and the encouragement of intergovernmental dialogue, as well as the practice of responsible market economy policies.
The history of the AEDC is traced back to 1980 after a major economic crash that involved most of the developed economies in the world. The creation of the organisation was led by [] and resulted in a response an economic panorama that lacked intergovernmental dialogue. Since then, members have been shared the interest of achieving stable growth and seeking common economic policies towards social development besides of having a strong position in favour of economic liberalisation. After the 2008 meeting hosted by Senria in Keisi, members agreed on undergoing the largest expansion since its creation, a process concluded in 2010 with the inclusion of Piraea and Tinza as observers and [] as a full member to the organisation
Most AEDC nations are catalogued as developed or high income economies, with a very high Human Development Index and often with full democracies; as of numbers of 2019, all members comprised []% of the global nominal GDP. As nations members of the AEDC reunite annually to design future economic and development policies, summits have been targets of major protests led by left-wing groups, mainly by the practices of the organisation and its relation with the non-developed world.