Today we published a translated English version of the first paper ActiveHistory.ca “Why is Vietnam Recovering, while Cuba is Sinking?” written by Yves Montenay, and translated by Michael Poplyansky. Here is the abstract:
Before going their separate ways, Vietnam and Cuba followed similar political and economic paths, making the impact of economic freedom on each country’s development very clear, both directly and comparatively. This paper will not discuss full employment, because in Communist Vietnam, as in today’s Cuba, everyone theoretically had an assigned job—even if it was not the job that one hoped for, or at the location that one preferred, much less at the salary that one wanted. Nor will I evaluate the progress of “liberalism”, since the term implies political freedom; I will simply examine the consequences of legalizing formerly banned economic activities. Click here to read full paper. Click here to read the original French version.