COMECON
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Related to COMECON: Cominform
Comecon
(ˈkɒmɪˌkɒn)n
(Economics) (formerly) an association of Soviet-oriented Communist nations, founded in 1949 to coordinate economic development, etc; it was disbanded in 1991 when free-market policies were adopted by its members. Also: CMEA
[C20 Co(uncil for) M(utual) Econ(omic Assistance)]
Collins English Dictionary – Complete and Unabridged, 12th Edition 2014 © HarperCollins Publishers 1991, 1994, 1998, 2000, 2003, 2006, 2007, 2009, 2011, 2014
COMECON
1949 An association of Soviet-dominated nations, originally those of East Europe but later including Mongolia (1962), Cuba (1972), and Vietnam (1978) intended to co-ordinate economic development. Used by Stalin to put pressure on Yugoslavia and to counter growing western economic interdependence.
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