Organisation For Economic Co-operation and Development - Criticism

Criticism

See also: OECD controversy

The OECD has been criticised by several civil society groups and developing countries. The main criticism has been the narrowness of the OECD because of its limited membership to a select few rich nations. In 1997–1998, the draft Multilateral Agreement on Investment was heavily criticized by several non-governmental organisations and developing countries. Many critics argued that the agreement would threaten protection of human rights, labor and environmental standards, and the least developed countries. A particular concern was that the MAI would result in a 'race to the bottom' among countries willing to lower their labor and environmental standards to attract foreign investment. Also the OECD's actions against harmful tax practices has raised criticism. The primary objection is the sanctity of tax policy as a matter of sovereign entitlement.

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Famous quotes containing the word criticism:

    “It is from the womb of art that criticism was born.”
    —Charles Baudelaire (1821–1867)

    “To be just, that is to say, to justify its existence, criticism should be partial, passionate and political, that is to say, written from an exclusive point of view, but a point of view that opens up the widest horizons.”
    —Charles Baudelaire (1821–1867)

    “... criticism ... makes very little dent upon me, unless I think there is some real justification and something should be done.”
    —Eleanor Roosevelt (1884–1962)