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| Topic: |
History
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| Number of pages / Number of words: |
8 / 2236 |
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Thurow considers the cases of both China and the U.S.S.R.; China will have a smoother transition because its economy had fewer large communist production units than its northern neighbor. With fewer large communist institutions, there will be considerably less social upheaval in China than in the U.S...
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With fewer large communist institutions, there will be considerably less social upheaval in China than in the U.S.S.R. where many people rely on individual plants/factories for their livelihood; because of the inherent misallocation of resources prevalent in planned economies, many of these plants will cease to operate under a capitalist ideology...
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