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The OECD consists of a Council representing all members, an Executive Committee consisting of 14 members who are selected annually, and a Secretariat. Among its members number the most powerful economic nations in the world, including the USA, the UK, and Japan. It has been described separately as a think tank, monitoring agency, and rich nations' club (its members produce two-thirds of the world's goods and services between them), and has elements of all three.
The emblem was added to distinguish the flag from that of Italy. The design is based on the French tricolour. The colours are those of the Mexican liberation army. Effective date: 23 November 1968.
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