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Organization for European Economic Cooperation

Published online by Cambridge University Press:  22 May 2009

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Extract

A report on the work of the Organization for European Economic Cooperation, issued in October 1948, summarized progress of the organization so far and the problems which it still faced. Stating that the organization was still on the threshold of European cooperation and that the most difficult problems still remained, the report defined OEEC's task as the achievement, by 1952, of a “satisfactory European economy without extraordinary outside aid.” The work of OEEC since its inception had been hampered by the facts that it was the first international organization of its kind, that it had been so quickly forced into programming aid requirements of participating countries that there had been no time for organizational problems, and that during a fairly long initial period it had not had close contact with the United States Economic Cooperation Administration since neither the administrator nor his special representative in Europe had been appointed. Despite these hindrances, however, OEEC had drawn up programs covering aid requirements of the nineteen member nations for the third and fourth quarters of 1948, the first annual program, a long-term program, and a first progress report on cooperation and economic recovery. OEEC had also undertaken to recommend to ECA actual distribution of aid between participating countries, a task which it was originally assumed would belong to ECA.

Type
International Organizations: Summary of Activities: IV. War and Transitional Organizations
Copyright
Copyright © The IO Foundation 1949

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References

1 Report on the Work of OEEC since its Inception, Paris, 10 7, 1948Google Scholar.

2 New York Times, November 5, 1948.

3 Report to the Economic Cooperation Administration on the First Annual Program 1st July 1948–30th June 1949, Paris, 10 13, 1948Google Scholar. A summary appears in the New York Times, October 17, 1948.

4 Agreement for Intro-European Payments and Compensations, Paris, 10 16, 1948Google Scholar; United Kingdom Cmd. 7546. The agreement, which was to be reviewed after May 1, 1949, replaced an earlier clearing-house agreement between nine European countries. See International Organization, II, p. 163.

5 OEEC Press Release 9, September 23, 1948.

6 New York Times, September 26, 1948.

7 Ibid., November 3 and 4, 1948.

8 Ibid., December 24 and 25, 1948.

9 Ibid., December 31, 1948.

10 Ibid., January 3, 1949.

11 Ibid., November 27, 1948.

12 Ibid., December 15, 1948.

13 Ibid., October 14, 1948.