Abstract
This chapter explains the economic performance of the Soviet Union and the reasons for its disintegration. It also seeks to explain China’s economic performance and assess whether it has deviated from the socialist path. It also discusses the economic performance of Cuba and the prospect of its survival as a socialist state. It identifies the inevitable hostility of the vastly more powerful capitalist powers as the sole factor that has led to the collapse of the Soviet Union, aberrations in the People’s Republic of China and uncertainty regarding the prospect of survival of Cuba as a socialist state.
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References
Käkönen, M., Hanna Kaisti, H., & Luukkanen, J. (2014). Energy Revolution in Cuba: Pioneering for the Future? Finland Futures Research Centre, FFRC eBOOK 4/2014.
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Szamosszegi, A., & Kyle, C. (2011). An Analysis of State-Owned Enterprises and State Capitalism in China. Washington, DC: U.S. – China Economic Security Commission.
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Ghosh, C., Ghosh, A.N. (2019). Capitalism Versus Socialism: A Few Country Studies. In: An Introduction to Economics. Palgrave Pivot, Singapore. https://doi.org/10.1007/978-981-15-1056-4_6
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DOI: https://doi.org/10.1007/978-981-15-1056-4_6
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