Economic Development of Comecon Countries

19 Pages Posted: 28 Sep 2015

See all articles by Ramona Dumitriu

Ramona Dumitriu

University Dunarea De Jos Galati

Razvan Stefanescu

University Dunarea De Jos Galati

Date Written: September 27, 2015

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

JEL Classification: N10, O10, O20, P20, P36

Suggested Citation

Dumitriu, Ramona and Stefanescu, Razvan, Economic Development of Comecon Countries (September 27, 2015). Available at SSRN: https://ssrn.com/abstract=2666139 or http://dx.doi.org/10.2139/ssrn.2666139

Ramona Dumitriu (Contact Author)

University Dunarea De Jos Galati ( email )

Romania

Razvan Stefanescu

University Dunarea De Jos Galati ( email )

Str. Domnească, nr. 47
Galati, 800008
Romania

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