ABSTRACT
In its 1992 annual report, the Organization for Economic Cooperation and Development (OECD), the successor organization to the coordinating mechanism for the Marshall Plan, noted that
Today, the failure of the Soviet model strengthens a trend that in fact has been emerging in the world economy for some years. The concepts of pluralist democracy and the market economy, the essential elements of the “OECD model,” have exercised a strong attraction—not only in Central and Eastern Europe but also in certain countries of the rest of the world—to achieve the highest sustainable economic growth and employment and a rising standard of living in Member countries, while maintaining financial stability, and thus to contribute to the development of the world economy. 1
