POST COLD WAR WORLD
INTEGRATION OF EUROPE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Euro Economic Cooperation (OEEC)
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European Economic Committee (OEEC)
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European Economic Cooperation (OEEC)
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European Euro Cooperation (OEEC)
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Detailed explanation-1: -The Organisation for European Economic Co-operation; (OEEC) came into being on 16 April 1948.
Detailed explanation-2: -The Organisation for European Economic Cooperation (OEEC) came into being on 16 April 1948. The organisation was created to allocate and distribute Marshall Plan aid and to plan for and effect a European Recovery Programme (ERP) for the countries of Western Europe.
Detailed explanation-3: -The OEEC was instrumental in helping the European Economic Community (EEC). The EEC has evolved into the European Union (EU) to establish a European Free Trade Area. OEEC was renamed as the OECD in 1961 when the USA and Canada joined to reflect a broader membership.
Detailed explanation-4: -The Marshall Plan is also considered a key catalyst for the formation of the North Atlantic Treaty Organization (NATO), a military alliance between North American and European countries established in 1949.