Support For Developing Countries
Comecon provided economic and technical support to 34 developing countries in 1960, 62 countries in 1970, and over 100 countries in 1985. As of 1987, Comecon had assisted in the construction or preparation of over 4,000 mostly industrial projects in Asia, Latin America, and Africa. A monetary figure for this assistance was difficult to estimate, although a June 1986 Czechoslovak source valued the exchange between Comecon and developing countries at 34 billion rubles per year, the equivalent of US$44.2 billion. The precise nature of this aid was unclear, and Western observers believe the data to be inflated.
From the 1960s to the mid-1980s, Comecon had sought to encourage the development of industry, energy, transportation, mineral resources, and agriculture of Third World countries. Comecon countries had also provided technical and economic training for personnel in Asia, Africa, and Latin America. When Comecon initially lent support to developing countries, it generally concentrated on developing those products that would support the domestic economies of the Third World, including replacements for imports. In the 1970s and 1980s, assistance from Comecon had been directed toward export-oriented industries. Third World countries had paid for this support with products, produced by the project for which Comecon rendered help. This policy had provided Comecon with a stable source of necessary deliveries, in addition to political influence in these strategically important areas.
Read more about this topic: International Relations Within The Comecon
Famous quotes containing the words support, developing and/or countries:
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—John Gay (1685–1732)
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—Owen Barfield (b. 1898)
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—Thomas Jefferson (1743–1826)