Now that we are done rebuilding from the Great War/Russian Civil War we have a free capital which could be invested abroad. I propose to use this opportunity and invest in southeastern Europe and following countries: Yugoslavia, Albania, Greece, Romania, Bulgaria and Turkey. The region is considered backward and almost completely ignored by the west, which presents us a great opportunity to expand our presence there and establish trade relations with countries there located. We should focus on expansion of infrastructure, argiculture and industry, which will allow us to bind local economies to the USSR.
Knowing about upcoming Great Depression we can use this fact, and use the opportunity, because as soon as the depression is severe, trade with USSR will be only source of hard currency for many countries. This could be turned into political power for us, as we would be able to influence internal and external policies of Southeastern countries. For now governments there are not so friendly towards us and claim to be against USSR and communism in general, but lets see how will they react when Russians arrive at their doorstep with suitcases full of cash and gold.
Here is my proposition which industries in which country could be developed/ invested into by us:
1. Albania - the country has practically no industry, the country's potential for hydroelectric power is virtually untapped. Oil is the country's main extractable resource. So there is opportunity for us to invest into agriculture, industry, as well as construction of bridges and roads. Also we could invest into irrigation canals and building of new port could be also considered.
2. Romania - here we could invest into agriculture as in 1919, a staggering 72% of Romanians were engaged in agriculture. The Romanian peasantry is among the poorest in the region, a situation aggravated by one of Europe's highest birth rates. Farming is primitive and machinery and chemical fertilizers almost unheard of. We could also invest into Romania's heavy industry and buy locally produced finished goods, which would be beneficial for both states, as Romania would get money and USSR would import ever-wanted finished goods of all kinds produced in Romania.
3. Bulgaria - one of the poorest countries in Europe with backward agriculture and very weak industrial sector, so it leaves us with a great opportunity to develop both industry and agriculture, which would be a great opportunity to escape from backwardness and into modernity, USSR being a great example. In theory the government is not friendly to us, but we are probably the only country which is willing to help Bulgaria develop and escape poverty, in contrast to the West which doesnt care about Bulgaria at all.
4. Greece - once again country lack a modern agriculture, but our main point of interest in Greece should be in its shipping industry, which is quite well developed, but we could invest really into it and make good economic deal with Greeks, as volume of trade between USSR and the West will only grow further so both countries could gain a
lot.
5. Turkey - After the War Turkey's industry and agriculture recovered remarkably once hostilities ceased. From 1923 to 1926, agricultural output rose by eighty-seven percent, as agricultural production returned to pre-war levels. However Turkey still suffers from outdated agriculture, weak service sector and industrial base, so this should be our points of interest. Also potential trade deal can be made, as our rapidly growing economy will be a attractive trade partner for Turkey, which will make their economy stronger. The question is if the Mustafa Kemal Atatürk would be willing to make this decision?
6. Yugoslavia - here I have great hopes for potential Yugo-Soviet cooperation, as the potential is great. Once again the government is not so fond of USSR, but I'm 100% sure that there are no problems which couldnt be overcome with help of suitcases full of dollars and pounds. Three-quarters of the Yugoslav workforce is engaged in agriculture, however iternal communications are poor, damage from World War I had been extensive, and with few exceptions agriculture is devoid of machinery or other modern farming technologies.
What is more, manufacturing is limited to Belgrad and the other major population centers, and consisted mainly of small, comparatively primitive facilities that produced strictly for the domestic market. The commercial potential of Yugoslavia's Adriatic ports went to waste because the nation lacked the capital or technical knowledge to operate a shipping industry.
So overall, we could invest extensively into agriculture, industry sector, infrastructure and coastal sector as ports and so on. Everybody could be happy as Soviet-sponsored factories would produce finished goods and would pay taxes to the government, which would give them a big income source. USSR at the same time would buy finished goods produced in Yugoslavia for lower price than in the West, so its a win-win situation for Yugoslavia and USSR,