What is the primary goal of the Organisation for Economic Co-operation and Development (OECD)?

The Organisation for Economic Co-operation and Development (OECD) was established with the fundamental aim of promoting policies that improve the economic and social well-being of people around the world. The primary goal focuses on fostering sustainable economic growth and elevating the standard of living among member countries. This is achieved by encouraging economic cooperation, sharing information, and providing a platform for dialogue among member nations.

Sustainable economic growth is essential for addressing current economic challenges, adapting to globalization, and ensuring that growth benefits all segments of the population. By promoting policies that support economic development, the OECD aims to enhance the overall quality of life for individuals in its member countries, which aligns with its vision of strong sustainable growth and an inclusive economy.

In terms of the other options, limiting economic growth directly contradicts the OECD's objectives, as it seeks to facilitate and promote growth. While enhancing competition can be a part of its broader economic agenda, it is not the primary goal but rather a means to achieve better market outcomes. Regulating personal data globally does not reflect the OECD's main focus, although it may engage in discussions around digital economy practices. Therefore, the goal stated aligns perfectly with the OECD's mission and functions.