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** Common Economic Space or Single Economic Space, a project of economical integration of Belarus, Kazakhstan, Russia and Ukraine
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** and Common
** The countries of El Salvador, Guatemala, Honduras, and Nicaragua announce the formation of the Central American Common Market.
** Argentina, Brazil, Uruguay and Paraguay sign the Treaty of Asunción, establishing South Common Market ( Mercosur its acronym in Spanish )
** The World Commission on Environment and Development, also known as the Brundtland Commission, publishes its report, Our Common Future.
** and Economic
** Economic Reform, 1991 – 2007, reform policies were introduced to meet the terms of international institutions, lenders and donors, including wider incentives to the role of the private sector in all economic activities.
** Council for Mutual Economic Assistance ( CMEA or COMECON ) established by Soviet Union and other communist nations.
** The International Covenant on Economic, Social and Cultural Rights and the International Covenant on Civil and Political Rights are adopted by the General Assembly, as Resolution 2200 A ( XXI ).
** The European Economic Community lifts economic sanctions on South Africa in response to moves to end the apartheid system.
** The British House of Commons votes 356 – 244 in favour of joining the European Economic Community.
** The United Kingdom enters the first round of negotiations for European Economic Community membership in Rome.
** The United Kingdom, the Republic of Ireland and Denmark enter the European Economic Community, which later becomes the European Union.
** In Lomé, Togo, the European Economic Community and 46 African, Caribbean and Pacific countries sign a financial and economic treaty, known as the first Lomé Convention.
** Schengen Agreement signed between certain member states of the European Economic Community, creating the Schengen Area, a bloc of ( at this time ) five states with no internal border controls.
** Translated by R. H. Barback as On the measurement of the utility of public works, International Economic Papers, 1952, 2, 83-110
** The headquarters of the United Nations Economic Commission for Latin America and the Caribbean ( CEPAL ) in Santiago, Chile lies on Avenida Dag Hammarskjöld.
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