Economic Development of Comecon Countries

  • Ramona Dumitriu "Dunarea de Jos" University of Galati
  • Razvan Stefanescu "Dunarea de Jos" University of Galati
Keywords: Economic Development, Comecon, Socialist Systems


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.


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How to Cite
Dumitriu, R., & Stefanescu, R. (2017). Economic Development of Comecon Countries. Vanguard Scientific Instruments in Management, 12(1). Retrieved from[]=82