The U.S. economic aid to Korea has been widely discussed and published both in Korea and at abroad, but the Sino-Soviet bloc aid to North Korea has not been studied in Korea at all. To analyse and evaluate the contribution of the bloc aid during the p...
The U.S. economic aid to Korea has been widely discussed and published both in Korea and at abroad, but the Sino-Soviet bloc aid to North Korea has not been studied in Korea at all. To analyse and evaluate the contribution of the bloc aid during the period of 1954∼1968 and to predict the prospects of the future bloc aid to North Korea are the purposes of this study. The distribution of credits from the bloc suggests that the main stress remains on the development of the basic industries especially heavy industry. The bloc aid is source and project tied. Political aims rather than the needs of developing countries continue to determine the flow of the bloc economic and technological aid. Total amount of aid the bloc countries pledged to North Korea for the period of 1954∼1968 was estimated around 5,465m. rubles (old) and actual disbursemert was figured around 5,265m. rubles (old). After the Korean war(1953) North Korea started rehabilitation and development of her economy through 3 consecutive plans: a 3-year plan 1954∼1956, a 5 year plan 1957∼1960 and a 7-year plan 1961∼1967. In 1966 the 7-year plan was extended to 1970. The 7-year plan is designed to obtain in 1970 a total industrial output 3.2 times greater than 1960. The contribution of the bloc aid to the 7-year plan has not been negligible. In 1963 North Korea proclaimed the self-reliance campain and to achieve the goal, they have been placed the main emphasis on the development of machine building industry. After 1970, it is predicted, both scope and role of the bloc aid to North Korea will decline futher therefore the contribution of foreign aid then may be negligible.