Abstract: It was widely assumed in the West following the collapse of European socialism that China would undergo a similar process of counter-revolution. This article seeks to understand why, three decades later, this hasn’t happened, and whether it is likely to happen in the foreseeable future. The article contrasts China’s “reform and opening up” process, pursued since 1978, with the “perestroika” and “glasnost” policies taken up in the Soviet Union under the Gorbachev leadership. A close analysis of the available data makes it clear that China’s reform has been far more successful than the Soviet reform; that, in contrast to the Soviet Union in the 1980s, all the key quality of life indicators in China have undergone significant improvement in the last 40 years, and China is emerging as a global leader in science, technological innovation and environmental preservation. The article argues that the disparate outcomes in China and the Soviet Union are the result primarily of the far more effective economic strategy pursued by the Chinese government, along with the continued strengthening of the Communist Party of China’s leadership.

Key words: China; Soviet Union; socialism; reform

From: World Review of Political Economy 2020 11 (2)

Editor: Wang Yi