USA HISTORY

Detailed explanation-1: -(historical) Abbreviation of Council for Mutual Economic Assistance, a multinational economic organization that existed in the Eastern Bloc from 1949 to 1991.

Detailed explanation-2: -Comecon (the Council for Mutual Economic Assistance) was created by the Soviets in 1949. Its ultimate purpose was political, not economic: consolidation of the Soviet bloc. The Soviet aim was to strengthen its buffer zone through increased economic ties with the Eastern European nations.

Detailed explanation-3: -Comecon, byname of Council for Mutual Economic Assistance (CMEA), also called (from 1991) Organization for International Economic Cooperation, organization established in January 1949 to facilitate and coordinate the economic development of the eastern European countries belonging to the Soviet bloc.

Detailed explanation-4: -Since Comecon’s creation in 1949, the relationship between the Soviet Union and the six East European countries had generally remained the same. The six countries were: Albania, Bulgaria, Czechoslovakia, Hungary, Poland, and Romania.

Detailed explanation-5: -Comecon’s purpose is to promote coordination in economic planning, trade, research and development. The original members were the Soviet Union, Albania, Bulgaria, Czechoslovakia, Hungary, Poland and Rumania.