Comecon

The Council for Mutual Economic Assistance (Russian: Сове́т Экономи́ческой Взаимопо́мощи, tr. Sovét Ekonomícheskoy Vzaimopómoshchi, СЭВ; English abbreviation COMECON, CMEA, CEMA, or CAME) was an economic organization from 1949 to 1991 under the leadership of the Soviet Union that comprised the countries of the Eastern Bloc along with a number of socialist states elsewhere in the world.[1]

Council for Mutual Economic Assistance
Совет Экономической Взаимопомощи
Sovét Ekonomícheskoy Vzaimopómoshchi (BGN/PCGN Russian)
Sovet Ekonomičeskoj Vzaimopomošči (GOST Russian)
1949–1991
Flag
Logo
Map of Comecon member states as of November 1986
Comecon as of November 1986:
  Members   Former members
  Associate members   Observers
HeadquartersMoscow
Largest cityMoscow
Official languages
TypeEconomic union
Member states
Historical eraCold War
 Organization established
5–8 January 1949
 Dissolution of Comecon
28 June 1991
26 December 1991
Area
196023,422,281 km2 (9,043,393 sq mi)
198925,400,231 km2 (9,807,084 sq mi)
Population
 1989
504 million
Currency
Driving sideright
Succeeded by
Commonwealth of Independent States
Eurasian Economic Community
GUAM
Organisation for Economic Co-operation and Development
ASEAN
Visegrád Group
Mongolia
Turkmenistan

The descriptive term was often applied to all multilateral activities involving members of the organization, rather than being restricted to the direct functions of Comecon and its organs.[2] This usage was sometimes extended as well to bilateral relations among members because in the system of communist international economic relations, multilateral accords  typically of a general nature  tended to be implemented through a set of more detailed, bilateral agreements.[3]

Comecon was the Eastern Bloc's response to the formation in Western Europe of the Marshall Plan and the OEEC, which later became the OECD.[3]


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