Economic Relations Between Socialist Countries and the Third World: An Introduction

  • Deepak Nayyar


The literature on development economics abounds with studies of the relations between rich and poor countries. More often than not, however, these studies focus attention on the western capitalist countries and their economic relations with the less developed nations of the world. In fact, the most controversial issues raised by economists, when considering the international aspects of development and underdevelopment, have been discussed in this context. These issues range from questions about aid, private foreign investment and transfer of technology to debates about the terms of trade between countries. All such problem areas have been subjected to a considerable amount of research. Strangely enough, very little attention has been directed towards examining the relationship between the rich communist countries and the poorer nations, which for want of a better phrase, I shall refer to as the Third World.


Poor Country Bilateral Trade Economic Relation Socialist Country Communist Country 
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© Deepak Nayyar 1977

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  • Deepak Nayyar

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