Concept information
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Preferred term
Council for Mutual Economic Assistance
Definition
- The Council for Mutual Economic Assistance (COMECON) was an organization created to foster economic and technical cooperation between communist countries in Eastern and East Central Europe (USSR, Bulgaria, Czechoslovakia, Hungary, Poland, Romania, East Germany, with Albania leaving in 1961), and, later, a number of Soviet allies in the third world (Mongolia in 1962, Cuba in 1972, and Vietnam in 1978). It served for four decades as the principal means of economic cooperation and coordination in the communist world before being disbanded in 1991 on the disintegration of the communist regimes of Eastern Europe. [Source: Encyclopedia of Governance; Council for Mutual Economic Assistance]
Broader concept
Belongs to group
URI
http://data.loterre.fr/ark:/67375/N9J-T8346478-R
Equivalent concepts
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