The Comprehensive Program for Socialist Economic Integration was adopted in 1971, setting the guidelines for the activity of the Council for Mutual Economic Assistance, or Comecon, through 1990. Comecon in practice remained a mixed system combining planned and market elements, since its member states continued to interact through bilateral and multilateral trade agreements rather than through any supranational planning authority.
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Founding Year Classification
Institution SubtypeInternational Financial Institution 1 Sources
1. Comprehensive Program for Socialist Economic Integration - Wikipedia
Lead, first sentence
was set up in 1971
Lead sentence
The Comprehensive Program for Socialist Economic Integration was set up in 1971, laying the guidelines for Comecon activity until 1990.
Introduction, institution-subtype
Comecon in practice remained a mixed system combining planned and market elements, since its member states continued to interact through bilateral and multilateral trade agreements rather than through any supranational planning authority.
In Group: Economic Unions and Stability Facilities of Europe and Eurasia, Lead
The Comprehensive Program for Socialist Economic Integration was set up in 1971, laying the guidelines for Comecon activity until 1990.
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