The Political and Economic Policies of Russia and China
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international relations
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published 15/06/2008
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Summary
Introduction
At the end of World War II, the international community became notably divided upon political and economic lines. While many countries in the West chose a capitalist democracy many in the East had chosen communism/Marxism as the central means for social development. Although both of these systems clearly have some merit, capitalism and democracy were able to triumph as communism fell in the early 1990s. With the fall of communism came the realization that the communist economic system would no longer work. As such, formerly communist countries had to officially enter the free market in an effort to rebuild their economies. Even though formerly communist states had shared similar ideals with respect to political and economic development, when it came to entering the free market, each state developed notably different policies for achieving international economic integration. Such is the case with China and Russia.
At the end of World War II, the international community became notably divided upon political and economic lines. While many countries in the West chose a capitalist democracy many in the East had chosen communism/Marxism as the central means for social development. Although both of these systems clearly have some merit, capitalism and democracy were able to triumph as communism fell in the early 1990s. With the fall of communism came the realization that the communist economic system would no longer work. As such, formerly communist countries had to officially enter the free market in an effort to rebuild their economies. Even though formerly communist states had shared similar ideals with respect to political and economic development, when it came to entering the free market, each state developed notably different policies for achieving international economic integration. Such is the case with China and Russia.
Table of Contents
- Introduction
- China and Russia before the Fall of Communism
- Economic Transformation after the fall of Communism
- Russia's Economic Model
- China's Economic Model
- Comparing China and Russia
- Conclusion
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