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The divided country examples of west Germany versus east Germany, south Korea versus North Korea, south Vietnam (an especially poorly governed country, but stil
by tokenadult 12y ago
The divided country examples of west Germany versus east Germany, south Korea versus North Korea, south Vietnam (an especially poorly governed country, but still) versus north Vietnam, and Taiwan (or Hong Kong) versus mainland China all suggest that free market economies in general do better for all their people than centrally planned economies. The recent economic growth in China resulted from basically relaxing central planning in several keys areas of the economy on the examples of Hong Kong and Taiwan.
- kaonashi 12y agoThose examples seem to me to illustrate the importance of access to foreign trade, which the central planning economies were cut out of for political reasons.