Implementation of the international development strategy in the centrally planned economies

At the end of the First United Nations Development Decade the import markets of the Union of Soviet Socialist Republics and the socialist countries of Eastern Europe absorbed somewhat less than 5 per cent of the developing countries’ exports and supplied almost 7 per cent of their imports. Though representing only a small share of the third world’s total foreign markets, the network of trade ties between the two groups of countries had expanded substantially over the preceding decade and the volume of trade had grown at an average annual rate of more than 10 per cent, much faster than exports of the developing countries to other destinations. Absolut trade levels however were still relatively low: per inhabitant the Soviet Union imported about $7 worth of goods from the developing countries in 1970 and the Eastern European socialist countries about $12 — roughly one sixth of the per capita imports into the industrialized Western European countries.

Sustainable Development Goals:

Decent Work and Economic Growth

Industry, Innovation and Infrastructure

Climate Action