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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.
Comecon, organization established in January 1949 to facilitate and coordinate the economic development of the eastern European countries belonging to the Soviet bloc. Comecon’s original members were the Soviet Union, Bulgaria, Czechoslovakia, Hungary, Poland, and Romania.
- The Editors of Encyclopaedia Britannica
- DictionaryCom·e·con/ˈkäməˌkän/
- 1. an economic association of eastern European countries founded in 1949 and analogous to the European Economic Community. With the collapse of communism in eastern Europe, the association was dissolved in 1991.
May 18, 2018 · COMECON was a Soviet-led organization of communist states that coordinated economic policy and trade from 1949 to 1991. Learn about its history, members, achievements, and impact on Russia and other countries.
Learn about Comecon, the Soviet Union's alternative to the Marshall Plan, and its impact on eastern Europe. Find out when, why and how it was created, and who were its members.
- What was Comecon?Comecon was the Council for Mutual Economic Assistance. It was the Soviet Union's alternative to the Marshall Plan .
- When was Comecon created?Comecon was created in January 1949.
- Who was part of Comecon?Comecon included the Soviet Union , Bulgaria, Czechoslovakia, Poland, Romania, Hungary, Albania and the German Democratic Republic (East Germany).
- Why was Comecon created?Comecon was a reaction to the Marshall Plan , introduced by the USA, and was created for 2 main reasons:...
- What was the importance of Comecon?Comecon, with the Marshall Plan , divided Europe into two economic spheres of influence ; western European was capitalist and eastern European wa...
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Comecon provided economic and technical support to 34 developing countries in 1960, 62 countries in 1970, and over 100 countries in 1985. As of 1987, Comecon had assisted in the construction or preparation of over 4,000 mostly industrial projects in Asia, Latin America, and Africa.
COMECON was established by Stalin in 1949 to promote trade and production among communist countries of eastern Europe. It was dissolved in 1990 after the collapse of communism in Europe.
May 10, 1983 · In addition to the Soviet Union, Comecon - a shortened form for the Council for Mutual Economic Assistance - includes six Eastern European countries, Bulgaria, Czechoslovakia, East Germany ...
