Council for Mutual Economic Assistance Совет Экономической Взаимопомощи | |||||||
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1949–1991 | |||||||
![]() Map of Comecon member states as of November 1986 Comecon as of November 1986: Members Members that left the Warsaw Pact (Albania) Associate members Observers | |||||||
Headquarters | Moscow, Soviet Union | ||||||
Official languages | |||||||
Type | Economic union | ||||||
Member states | |||||||
Historical era | Cold War | ||||||
• Organization established | 25 January 1949 | ||||||
• Dissolution of Comecon | 28 June 1991 | ||||||
25 December 1991 | |||||||
Area | |||||||
1960 | 23,422,281 km2 (9,043,393 sq mi) | ||||||
1989 | 25,400,231 km2 (9,807,084 sq mi) | ||||||
Population | |||||||
• 1989 | 504 million | ||||||
Currency | |||||||
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Eastern Bloc |
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The Council for Mutual Economic Assistance,[c] often abbreviated as Comecon (/ˌkɒmɪˈkɒn/ KOM-ik-ON), 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]
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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