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Organization for European Economic Cooperation

Published online by Cambridge University Press:  22 May 2009

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Extract

A summary of its activities in 1950 was released by the Organization for European Economic Cooperation in January 1951. During the first two years of its establishment, the report stated, OEEC had been essentially an instrument for the distribution of United States aid but then became increasingly an instrument of cooperation for the solution of European economic problems. In two years, European production had been restored, trade had almost entirely recovered and international financial stability was achieved. The establishment of a European Payments Union was considered one of the main achievements of OEEC during 1950.

Type
International Organizations: Summary of Activities: III. Regional Organizations
Information
International Organization , Volume 5 , Issue 2 , May 1951 , pp. 401 - 405
Copyright
Copyright © The IO Foundation 1951

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References

1 For summary of action taken by the Council of OEEC, see International Organization, V, p. 220–223.

2 “Monthly Economic Review,” New York Herald Tribune (European edition), January 8, 1951. For summary of the annual report on the European economic situation by the United Nations Economic Bulletin for Europe, see this issue, p. 336Google Scholar.

3 Current Development in United States Foreign Policy, IV, 02 1951, p. 25Google Scholar.

4 New York Times, February 6, 1951.

5 See International Organization, V, p. 221.

6 Current Developments in United States Foreign Policy, cited above.

7 International Financial News Survey, III, 03 30, 1951Google Scholar.

8 The Times, London, 02 14, 1951Google ScholarPubMed.

9 New York Times, March 15, 1951.

10 The three countries had agreed on a sharply restrictive list of strategic materials they felt should not be exported to “iron curtain” countries. The plan of the three governments was to establish a number of international comamodity groups representing non-Soviet governments with an interest in the commodity concerned. The groups would consider and recommend directly to governments action to be taken in order to expand production, availability, conservation, distribution and utilization of supplies among the consuming countries. The machinery was intended for consultative purposes only–decisions were to be taken by the governments controlling the raw materials. A temporary central group–“The Central Group of the International Materials Conference”–was established immediately and by March 2 six subsidiary commodity groups were at work, (Chronology of International Events and Documents, VII, p. 55; United States, Department of State Press Release 210, March 16, 1951; New York Times, January 13, 1951.)

11 The Times, London, 01 13, 1951Google ScholarPubMed.

12 New York Times, March 2, 1951.

13 Ibid., March 8, 1951.

14 International Financial News Survey, III, 03 2, 1951Google Scholar.

15 Ibid., March 30, 1951.

16 Current Developments in United States Foreign Policy, February 1951, p. 26.

17 New York Times, March 2, 1951.

18 Ibid., March 23, 1951.

19 For summary of measures suggested, see New York Times, April 7, 1951.

20 For excerpts from the draft treaty, concerning the purposes of the “European Coal and Steel Community” and its organization, see this issue, documents section; for full text of the draft, see United States, Department of State, Publication 4173, European and British Commonwealth Series 22.

21 Department of State Publication 4173, cited above; New York Times, March 20, 1951.

22 Ibid., March 15, 1951.

23 Ibid., March 11, 1951.

24 Ibid., March 30, 1951.

25 Ibid., April 13, 1951.