Comecon or the Council for Mutual Economic Assistance was an economic organization founded in 1949 by the Soviet Union and its satellite states in Eastern Europe. Its purpose was to coordinate economic planning and trade relations among its member countries. The organization consisted of 10 member states, including the Soviet Union, East Germany, Poland, Czechoslovakia, Hungary, Romania, Bulgaria, Mongolia, Cuba, and Vietnam. Comecon played a significant role in shaping the economic policies of its member countries, but its influence declined in the 1980s due to the rise of economic liberalism and the collapse of the Soviet Union. The organization was officially dissolved in 1991, following the political changes in Eastern Europe, and the members started pursuing their own economic policies.
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