Cuba's post-revolutionary economic history was penalized by the twin sets of distortions stemming from its former, artificial trade relations with the Soviet Union and from the very nature of the state socialist model. Yet, Cuba's centralized resource allocation system and the consistent...

This paper focuses on China's industrial sector, utilizing both qualitative and quantitative evidence. We show the role of the state in China, far from withering out, is massive, dominant, and crucial to China's industrial development. State-owned and state-holding enterprises are now less...