Communist Asia

Authored by: Steven Rosefielde

Handbook of the Economics and Political Economy of Transition

Print publication date:  April  2013
Online publication date:  May  2013

Print ISBN: 9780415591126
eBook ISBN: 9780203067901
Adobe ISBN: 9781135080877


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The Soviet Union, its satellites and communist Asia toyed with markets on and off, beginning as early as 1921 (Lenin’s New Economic Policy). Some communist party members worried from the outset that free enterprise and communism were mutually exclusive, contending that the criminalization of private property, business and entrepreneurship were imperative to forestall the restoration of capitalism. Others, like Nikolai Bukharin, Josef Tito and Deng Xiaoping, counter-argued that markets and party control were compatible and best. 1

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