Economic development of Comecon countries

Ramona Dumitriu and Răzvan Stefanescu

MPRA Paper from University Library of Munich, Germany

Abstract: In 1949, Soviet Union and some of its satellites created Comecon with the announced goal to facilitate economic cooperation between the socialist countries. The inefficiency of socialist systems affected the performances of Comecon members. However, the analysis of economic development from some of these countries should take into consideration the substantial subsidies received from other Comecon members.

Keywords: Economic Development; Comecon; Socialist Systems (search for similar items in EconPapers)
JEL-codes: N10 O10 O20 P20 P36 (search for similar items in EconPapers)
Date: 2015-09-28, Revised 2016-01-05
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Persistent link: https://EconPapers.repec.org/RePEc:pra:mprapa:89012

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