Tuesday, May 11, 2010

OECD Welcomes Israel

Bravo to the Organization for Economic Co-Operation & Development (OECD)!!!

It has just invited Israel to join its ranks. The OECD also extended invitations to Estonia and Slovenia.

At a time when Israel is being increasingly isolated in the international community with the help of the President Obama it takes tremendous political will for an international economic institution to stand firm and buck this trend. This development is most refreshing.

What's even better is that OECD member countries unanimously approved Israel's membership despite efforts by Palestinian Authority Prime Minister Salam Fayyad to block Israel's entry into the OECD.

Established in Paris in 1961, the OECD consists of countries committed to democracy and market economies to promote economic growth, employment, a high standard of living, financial stability, increased international trade and economic development in other countries.

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