OEC (New Union)
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Abbreviation | OIEC, OMES, ОМЭС |
---|---|
Founded | 16–18 December 1991 |
Dissolved | 28 June 1991 |
Type | Economic union |
Headquarters | Moscow, Soviet Union |
Membership |
The Organization for Economic Cooperation, abbreviated as OEC, OES, or ОЭС, is an economic organization led by the Soviet Union. Members include the former Eastern Bloc and various Soviet-aligned countries around the world.
The OEC was conceived by Mikhail Gorbachev as a replacement to Comecon. Unlike Comecon, the OEC sought to promote economic cooperation through market economies rather than central planning. The first session of the OEC took place in Moscow in December of 1991.