Got a tricky question? Receive an answer from students like you! Try us!

Impact of the Communism Collapse on Countries` Economic Systems - Essay Example

Only on StudentShare
Author : qabshire


This essay critically evaluates the theoretical concept of communism, as a theory and a system of both political and social organization. Examples of practical implementation of communism system, as well as the causes of collapse of most communistic regimes are reviewed in the essay…

Extract of sample
Impact of the Communism Collapse on Countries` Economic Systems

This essay aims to establish all gamut of impacts of the communistic ideology on the economic systems of democratic countries. In theory communism should create a classless society and freedom, in which all people would enjoy equal economic status. That may be a theory of what communism should be like but in practice the government cared little for the working class citizens and only wanted to preserve their own power.
The immediate cause of the Soviet collapse was economic, as the Soviet Union lost the arms race and international competition with the West. The US was able to profit from its imperialist exploitation of other countries, while socialism could only lose economically in that competition. Economic factors were linked to political and psychological factors.
Nowadays traditional Communist party dictatorships held power only in China, Cuba, Laos, North Korea, and Vietnam. China, Laos, Vietnam, and, to a lesser degree, Cuba have reduced state control of the economy in order to stimulate growth. Although economic reform has been allowed in these countries, their Communist parties have proved unwilling to submit to popular democratic movements.
With the Cold War over, politicians, economists and others promoted unfettered free trade and free market ideology. Various factors such as political decisions, military might, wars, imperial processes and social changes throughout last few decades and centuries have pulled the world system in various directions. Today's world is based on 'Global Politics and Economics.'
Download paper

Related Essays

Comparative Economic Systems
The size of the population along with the role of the government in programming economic growth processes, all help to determine the stability of the country. The labor market, capital market, the agriculture, trade, healthcare together reflects the economic strength of the country. Emphasizing these aspects of economic growth dynamics, this paper will aim at assessing the economic components of the US in comparison to the performance of China, Russia and the UK. Prime focus will remain in studying the economic variability of these countries in the recent era. From a generalized point of view,…
7 pages (1757 words)
Economic Growth in Russia after the Collapse of the Soviet Union
Russia’s economic performance “after the fall” has been negatively described by many including members of the United States Congress. But in 2003, President Bush praised Russian President Putin over his democratic ideals in ruling present-day Russia. …
9 pages (2259 words)
Comparative Economic Research
The impact of change in oil prices is directly linked to all countries in the world and since the selected countries are major players in the market, their economic conditions dictate oil prices in international markets, hence have an indirect impact on the entire world.…
5 pages (1255 words)
Economic Concepts
Basically, "free trade" can be seen as exchanging least value (i.e. money, cash, credit, etc) for optimum services or goods. That is, on an individual's level, a person wishing to wash and iron her pants, for example, is going to send her pants to a laundry rather than wash a pair of pants herself (Blinder, n.d.). In economic speak, choosing to produce goods and services domestically or abroad implies - given free flow of goods, services, and human…
5 pages (1255 words)
Comparative Economic Development
Industrialization of the society had positive as well as negative impact on societies. In Britain as well as in US, industrial revolution has led to inexpensive goods, transportation, and communication developments. From the others side, such issues as pollution, child labor and over-crowding of cities were also raised. Even though there were some differences between US and Britain in terms of industrial revolution, there is a respectable degree of similarities between the two revolutions (More, 2000: p.17-18).…
5 pages (1255 words)
The impact of multinationals on economic growth and prosperity in developing countries
They are among the fastest growing economies in the world today. In contrast, the same cannot be said about Africa, where increased political instability, poverty, and environmental degradation have played havoc. A poor state of affairs, Africa has suffered from their involvement in international trade. …
10 pages (2510 words)
Property Law: Comparative Analysis of the System of Deeds Registration and Land Title Registration
The mapping and other processes must be completed to accomplish above thoughts. In this paper we discuss and find the importance of the methods of registration and find the reasons for the significance of title registration when compared to deeds registration. This paper looks at the differences between the both the types of registrations and the information and management that is needed for executing the title registration. The International Federation of Surveyors (FIG, 1995) defines a cadastre as a "parcel based and up-to-date land information system containing a record of interests in land…
8 pages (2008 words)