Comparative Economic and Social Evaluation of Two Economic Models (Hardcover)

Carmelo Mesa-Lago

ISBN 10: 0822948478 / ISBN 13: 9780822948476

Published by University of Pittsburgh Press, Pittsburgh PA, 2025

About this Item

Hardcover. A new volume in the award winning University of Pittsburgh Press Latin American Studies Series A Comparative Study of Socialism as Practiced in Cuba, China, and Vietnam Shipping may be from multiple locations in the US or from the UK, depending on stock availability.

Seller Inventory # 9780822948476

Bibliographic Details

• Title: Comparative Economic and Social Evaluation of Two Economic Models (Hardcover)
• Publisher: University of Pittsburgh Press, Pittsburgh PA
• Publication Date: 2025
• Language: English
• ISBN 10: 0822948478
• ISBN 13: 9780822948476
• Binding: Hardcover
• Condition: new

About this title

Synopsis

In Comparing Socialist Approaches, Carmelo Mesa-Lago examines the two main socialist models across Cuba, China, and Vietnam to compare central planning and socialist markets. Under the Cuban central plan, large state enterprises have been unable to generate economic growth, even with mild structural market reforms and a small controlled private sector. In the Sino-Vietnamese model of a socialist marketplace, dynamic private enterprises of all sizes, together with large state enterprises, operate under a decentralized plan with state regulation and control. This has allowed for accelerated growth and social improvement. The two models are contrasted across five major economic policies: ownership of the means of production, agrarian reform, industrialization processes, employment, and currency and exchange rate unification. Mesa-Lago argues that the socialist market model has a better performance than the central plan across economic and social indicators. He then recommends policies to improve social protection in the three countries.

About the Author

Carmelo Mesa-Lago is distinguished service professor emeritus of economics and Latin American studies at the University of Pittsburgh. He has published about ninety books in seven languages across thirty-nine countries and received many awards, including the International Labour Organization Decent Work Research Prize (shared with Nelson Mandela) for his work on social protection in the world.