Abolish it. Unless significant economic change hits the states, they are a drain on the Soviet Economy. Given the rebellious nature of most of the populations, investing for long term is a roll of the dice.Please write down which policies/reforms should be implemented/introduced to make the COMECON (Council for Mutual Economic Assistance) more efficient and integrated economic organization, which would help in transformation and development of the Soviet economy in the ever quickly changing world.
Abolish it. Unless significant economic change hits the states, they are a drain on the Soviet Economy. Given the rebellious nature of most of the populations, investing for long term is a roll of the dice.
Seriously, cut them loose. Edit: only keep the Soviet bases. Funded by them. In turn, allow free elections.
That's political suicide and honestly suicide for USSR as well.
Encourage reforms similar to those in USSR, maybe even some measure of privatization, otherwise encourage a single market in Warsaw block countries to improve trade as that'll benefit to USSR and more developed economies like East Germany.
Invest in railway infrastructure and infrastructure in general in eastern Europe in order to make trade easier, advise Warsaw block countries to diminish their military spending. Make Soviet support more transparent ,for example don't buy wast amount of Sugar from Cuba just to keep their economy afloat and differentiate a supply chain to avoid shortfalls and to get a better deals. Any future support will come in form of credits with strings attached. Basically ditch any unprofitable support.
Generally let go of economic chokehold USSR has over these countries and allow them to reform and go away from central planing, but still keep Brenzhew doctrine in regards to politics.
Great many thanks!COMECON reforms:
The rest will be of the category nice to have:
- Decrease or eliminate barriers for trade as much as possible (it will give COMECON countries extra currency and add incentive for specialization as well as focusing on consumer goods and will decrease shortages in the Union)
- Deregulate prices on goods procured from trade(will increase incentives for trade and create some competition)
- Create/expand(I think one already exists, but I am not sure) a student exchange program with a focus on USSR as the target for these exchanges and top students (secure the elites and cultivate eastern block friendships)
- Establish a series of consumer standards for trade goods and agencies responsible for their enforcement(maker sure that they are staffed by members of each countries), it will ensure that the prices are not the only thing countries can compete on.
- Create a standardized system of logos which will represent the origin of any given product and make these logos mandatory for exporters (more incentives to focus on quality for the exporter).
- Establish as many common institutions across the newly created market as possible to disincentivize the dissolution of COMECON.
- Streamline tourism
- Expand sport related Championships within the union
- Attempt to restructure the debt of all member nations
- Create a COMECON statistic office only for review by the different governments, as accurate as possible (to prevent confusion regarding the actual reality)
- Change the railroad gauge of the European nations to USSR standard(claim strategic necessity for mobilization purposes)
- Establish a common currency for the COMECON tired to Ruble
- Create a unified banking system
- Create methods for investments by different countries into other nations industries
- Set up a minimum standards for governance and average citizens quality of life tied to subventions and penalties
- Try to redistribute the defence spendings across the different countries
- Attempt to create some pan COMECON infrastructure projects which will benefit all nations (highways, railroads, canals) funded by all nations (mostly by USSR)
- Create a unified electrical grid to ease trading and prevent burnouts of blackouts in any given nation