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Comecon: the Recent Past and Perspectives for the 1980s

  • Stanislaw Wasowski

Abstract

The early post-Second World War period of economic history in the Soviet-dominated sphere was characterized by the need to spend considerable amounts on rebuilding the largely destroyed economic structures of Eastern Europe. This was accomplished without foreign aid and with little foreign trade. Self-imposed separation from the West cut the area off from the Marshall Plan and other forms of cooperation and aid, while the dearth of exportable goods impeded trade with foreign countries.

Keywords

Target Program Economic Integration Social Welfare Function Economic Relation International Investment 
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Notes and References

  1. 2.
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Copyright information

© Michael J. Sodaro and Sharon L. Wolchik 1983

Authors and Affiliations

  • Stanislaw Wasowski

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