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Organization for European Economic Cooperation

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  • Anonymous

Abstract

The sixteen nations of western Europe participating in the Economic Recovery Program signed on April 16, 1948, a convention formally establishing the Organization for European Economic Cooperation, providing machinery for the handling of European aid, and including a legally binding contract for self-help to supplement and eventually eliminate the need for outside aid. The principal aim of the organization was stated as the speedy establishment of sound economic conditions, without outside assistance, so as to make a full contribution to world economic stability. The sixteen governments and the western zones of Germany pledged their efforts to a maximum exchange of goods, lower tariff barriers, work towards a customs union, achievement and maintenance of financial and monetary stability, and the best use of their manpower.

Suggested Citation

  • Anonymous, 1948. "Organization for European Economic Cooperation," International Organization, Cambridge University Press, vol. 2(3), pages 557-560, September.
    • Handle: RePEc:cup:intorg:v:2:y:1948:i:3:p:557-560_32
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