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Poverty and Development

Poverty and Development (3rd edn)

Tim Allen and Alan Thomas
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date: 07 February 2023

p. 34116. Socialist Models of Development and the Rise of Chinalocked

p. 34116. Socialist Models of Development and the Rise of Chinalocked

  • Guoer Liu
  •  and Andrew Kilmister

Abstract

This chapter situates examples of socialist development within wider historical contexts, and discusses their evolution, consequences, and potentials. The state socialist model of development emerged out of a particular historical experience, that of the USSR following the Bolshevik revolution. However, the problems faced by the Bolsheviks were of a general nature, and the industrialization achieved in the USSR thus appeared to offer lessons for other countries attempting to develop and industrialize. But the model proved to be of more limited applicability than had been hoped when applied elsewhere. The rise of China may present an alternative path to many, but the extent to which it is unique and whether it could be characterized as a 'socialist development model' remain controversial. In addition, the reforms in China have been accompanied by many challenges. As the world economy has become more interdependent, the concept of a nationally based socialist road to development has been called into question.

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