What is the meaning of COMECOM? Concept and Definition of COMECOM

Definition of COMECOM

1. Concept of COMECOM

The Council of mutual economic assistance (in Russian: экономической взаимопомощи, Sovet Совет ekonomicheskoy vsaymopomoshchi, СЭВ, SEV; abbreviation COMECON, CMEA English and Spanish CAME or CAEM) was an economic cooperation organization formed around the USSR by various socialist countries whose aims were the promotion of trade relations between the Member States, in an attempt to counteract the international economic bodies of capitalist economyas well as to present an alternative to the so-called Marshall Plan developed by the United States for the reorganisation of European after the second world war, economy equivalent also to the European economic community, although in one broader geographical scope. The military equivalent of the COMECON was the Warsaw Pact, although the choice of the members of COMECON was significantly wider, since it encompassed not only Eastern Europe, but also other countries such as Cuba and Nicaragua in Latin America, Mozambique in Africa, Middle East, Iraq and countries of the Asia-Pacific as Viet Nam.
Soviet impulse, CMEA members divided the work between countries, creating producing areas of raw materials, iron and steel industry, petrochemical industry, etc.
Its largest international expansion phase coincided with the 1970's, when it controlled 10% of world goods traffic. On June 28, 1991, when it dissolved, it hardly accounted for 6%.

2. Definition of COMECOM

Council of mutual economic assistance (CAME or Comecon). It was an organization of economic cooperation led by the Soviet Union and who joined the satellite countries that were under its influence block. He tried to promote trade relations between these countries, and the economic model adopted was that of the USSR.
After the end of the II Guerra world United States call defiendio doctrine Truman consisting of a policy of intervention in Europe for the containment of communism, thus putting an end to the traditional American isolationism. The 1947 the rupture between blocks was evident and United States offered a program of economic reconstruction to Europe as the most effective weapon against the advance of communism. This plan became known as the Marshall Plan.
The American aid was rejected by the USSR and the countries of the East as a means of imperialist control. Only Yugoslavia followed a path of self-managed socialism. Having refused to accept American help the USSR had to provide an alternative to these
«satellite countries» to the Marshall Plan. In this way the economic integration of the bloc said in 1949 through the creation of the Council for mutual economic assistance (CMEA) and the common market of the East (COMECON). He died in June 1991.

3 Meaning of COMECOM

COMECON is the symbol which corresponds to the Council of mutual economic assistance, organization that was founded in Moscow in 1949, economic, exchange purposes (common exchange rate) and commercial, to strengthen in this sense to the socialist States, against the opposition of the capitalist States, which had devised among other proposals, the Marshall Plan and the European Economic Community (EEC) under the leadership of United States, the only country which was strengthened after the second world war, and to help the European capitalist countries in chaotic economic situation.
The COMECON was integrated by the Soviet Union (USSR), and the rest of the Warsaw Pact signatory countries: Bulgaria, Albania, Czechoslovakia, Poland, Hungary and Romania. The incorporation of Eastern Germany produced in the year 1950, and 11 years later, in 1961, Albania broke away from the block.
However, despite the loss of Albania, two more accessions led to increasing the number of its members: Mongolia, in 1962, and Cuba in 1972. Finally in 1978, Viet Nam was annexed. Yugoslavia, which did not want to integrate, despite having socialist ideology, endure the economic boycott.
He worked with specialization and division of work, some producers of raw materials and other manufacturing.
It was organized by an Executive Committee and a Supreme Council. It also had a Secretary-General and 18 standing committees.
They acted as observer countries, North Korea and Viet Nam in the North and Popular China.
The extinction of the USSR in 1991, also meant the end of COMECON, since the rest of the socialist countries behaved as their satellites.