Jan 11, 2015 (Vietnamica) — Cuba and Vietnam, as survivors of the Cold War entered the post-Soviet Era with a myriad of economic woes. These eventually served as incentives for these countries to implement economic reforms that bolstered not only their economic performance, but also the survival of their respective states. However, due to variations in the dynamics of elite competition in these cases, their respective reform programs differed in consistency and their outputs differed in attributes. This is especially true for Cuba and Vietnam wherein the former, initiating market reform programs as early as 1970, experienced two policy reversals (more…)
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